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Ep. 243: John Mauldin Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

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The Importance of Thinking About Credit Crisis

Europe is different than the US. They're out of whack because they had an imbalance of trade across countries and southern peripheral countries didn't have a currency that they could use to rebalance. The old Ernest Hemingway line was, well, how did he go bankrupt? Well, slowly and get all at once. So that's why we have to pay attention to it Because you don't want to be on the wrong side of the trade where the all at once moment happens.

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