Ep. 626: Three Favorites with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
00:00
Simple Rules Can Simplify an Economy
When you have a complicated interconnected world like the Fed oversees, if you model it with complexity, in fact, you just get models that don't predict very well. I think that may be why Janet Yellen comes out now with fairly simple rules. One of them is she's going to raise interest rates when unemployment drops below 5%, and inflation goes over two.
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