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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 Cost of Leverage

The average credit card rate for somebody with a normal credit card score is 21%. That's 16% or 17%, which I know is the lowest it is for an average. The problem is, from my standpoint, they're giving credit to people that shouldn't be using leverage. It's what gets nations into trouble is the improper use of credit.

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