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Ep. 206: Harry Dent Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

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The Importance of Demographics

The magic number for the economy I've found is age 46 for countries like the United States. We have a downturn from 2008 into about 2020 to 23 as generation X does everything in smaller numbers. The baby boom on that indicator was 1983 to 2007, peaked right on cue. In this work force, age 20 gets married. Age 26 has kids around. They're late 20s. About 28 buys their first home,. 41 spends the most money furnishing that home. Age 53. That people drop like a rock as they say for retirements. Their kids lead to mess. And then when they fully entered and became productive, we got the greatest boom in world history. Now I can do

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