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Ep. 419: Mebane Faber Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

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The Disconnect Between the Guys at the Top and the People at the Bottom of the Pension Fund

Most of the pensions that still exist in the US are generally public pensions. Most corporations, most people working for companies don't really have a pension. Almost every pension fund or endowment or retirement plan has these 7%, 8% return assumptions. And there is zero chance that they're going to meet that number over the next 10, 20 years.

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