Ep. 480: Efficiency with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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Stock Markets at All Time Highs
Stock markets in the US all time highs. Many making political arguments that America has never been better. It is at the top of the pinnacle. Now let's efficiently break that apart. 50% of Americans don't have a dollar in the bank, not $1. Labor participation is at like 40 year lows. You have a low unemployment rate, but everyone stopped working. On top of that, there's no interest income. Look at all this information out here. As an efficient guy, I want to try and think that these data points can add some color to everything. And if you're looking at the overall health of the American economy, the average American, if 50% are broke
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