Ep. 460: Billionaire Words with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
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The Negative Effects of Raising Interest Rates on the Stock Market
"I don't like the idea in any way, shape, or form that the Fed has stolen interest income from millions upon millions of people," he says. "That's not the definition of capitalism by any stretch of the imagination and it surely isn't fair" Dalio: If they raise interest rates too quickly, you will see that affected in stock and bond prices. He would be much better off to not talk about these debt cycles,. short or long term, in such generic terms that it can mean anything."
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