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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 Bank of Japan's Debt Spiral

The 10-year bond for Japan two weeks ago for a day and a half did not trade. That means that they're into a debt spiral, if you will. And it's going to be really interesting to see what a fabulously wealthy nation does when it tries to destroy its currency. They start asking for higher interest rates or they withdraw their interest rates. The Bank of Japan is going to print my rough guess. It would surprise me they print 8 to 10 trillion dollars.

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