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Ep. 206: Harry Dent Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

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The Importance of Urbanization in Emerging Countries

The biggest shift going forward is crystal clear. All the growth for decades to come is going to come in these emerging countries with younger populations. The Philippines, Vietnam and Indonesia are highly urbanized already but they're not going to be a rich country. Even China projects that they'll only get up to 12 to 14,000 GDP per capita. Most of these emerging countries are commodity exporters and those just aren't that possible industries and jobs.

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