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Ep. 482: Two Takes with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

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The Minsky Story

Minsky's thought process was that there's a certain financial instability. He called this the financial instability hypothesis. What this means is Ponzi finances underpin by rising asset prices. When asset prices eventually start to fall, then borrowers and banks realize debt in system can never be paid off.

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