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Ep. 150: Harry Dent Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

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The Future of Consumer Spending

Mike Downey: I know a lot of your work is based on demographics. And you start by looking at the demographics and consumer spending. The big thing for the economy, the macro number is age 46, at least in the United States. He says people drop off in spending dramatically after their early 50s because they don't drive cars much anymore.Downey: They're downsizing housing, paying down debt, saving for retirement. That's going to be the title of my next book coming out in January.

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