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Ep. 448: Mike Lofgren Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

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The Negative Interest Income Crisis in America

The interest rate curve has been manipulated, and if I look at a situation that every time we have extremely low rates at a very high stock market, usually something bad happens. Because there's no stable way to get a little bit of interest income, it forces money into things like equities and real estate and creates bubbles in those. It created from Alan Greenspan, artificially lowering the interest rate after 9-11 was one of the factors leading to the housing bubble. So yeah, there's something wrong with it.

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