Ep. 446: Abundant Anarchy with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
00:00
The Cycle of Creative Disappointment
We're in year seven of an expansion and no one is happy. Large pools of money need to be drained so they can no longer be a source of malinvestment on an epic scale. The best thing that could happen here is for the return of the cycle. Less abundance of resources will demand more ingenuity. No need for legislation. The cycle will clean it. It always does.
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