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Ep. 264: John H. Cochrane Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

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The Paradox of Pre-Committing

Geithner basically said, hey, you have to put forth a wall of money, no strings attached. Draghi found the same thing: There was a run going on in European sovereign debts. What Geithner has forgotten about is moral hazard. He's forgotten about how do we set this up so we're not back in the same situation next time?

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