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Ep. 248: Mark Miller Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

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The Importance of Bailouts in the Crisis

The expectation of bailout of too big to fail institutions is a destabilizing factor, he says. If the government holds back and doesn't bail them out, then you get cascading failures, writes Peter Bergen. The rules of the game themselves are founded only in majority opinion under democracies, adds Bergen.

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