Ep. 1252: Scott Fulford Interview with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

Michael Covel

Business, Investing

4.6 • 732 Ratings

🗓️ 22 January 2024

⏱️ 46 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

My guest today is Scott Fulford, a senior economist at the Consumer Financial Protection Bureau where he led the development of the Making Ends Meet Survey. He has represented the U.S. at the OECD, and he regularly speaks at the Federal Reserve Board, Federal Reserve banks, the OCC, the Financial Stability Oversight Council, the FDIC, the NBER, and universities.

The topic is his book The Pandemic Paradox: How the COVID Crisis Made Americans More Financially Secure.

In this episode of Trend Following Radio we discuss:

Economic growth and decline during the pandemic
Government intervention and financial support
Inflation and its causes
Potential economic bubble
Counterfactuals in pandemic response
Impact on stock market and employment
The potential for a better, fairer and more productive economy

Jump in!

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I'm MICHAEL COVEL, the host of TREND FOLLOWING RADIO, and I'm proud to have delivered 10+ million podcast listens since 2012. Investments, economics, psychology, politics, decision-making, human behavior, entrepreneurship and trend following are all passionately explored and debated on my show.

To start? I'd like to give you a great piece of advice you can use in your life and trading journey… cut your losses! You will find much more about that philosophy here: https://www.trendfollowing.com/trend/

You can watch a free video here: https://www.trendfollowing.com/video/

Can't get enough of this episode? You can choose from my thousand plus episodes here: https://www.trendfollowing.com/podcast

My social media platforms:
Twitter: @covel
Facebook: @trendfollowing
LinkedIn: @covel
Instagram: @mikecovel

Hope you enjoy my never-ending podcast conversation!

Transcript

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0:00.0	This is Trend Following Radio, where great thinking comes alive.
0:10.9	Nobel Prize winners, legendary traders, bestselling authors, and the pros that know what drive us irrational human beings.
0:21.2	I am your host, Michael Cobell, not filtered, raw, honest.
0:27.3	That's my passion.
0:33.5	My guest today is Scott Fulford.
0:35.7	He is an economist.
0:36.8	He is the author of the pandemic paradox.
0:40.2	He also happens to work at the Consumer Financial Protection Bureau. Scott is a data guy and we get into
0:46.1	the data, beyond the data, actually, of the entire COVID time period. The economics behind it,
0:53.2	the finances behind it, the social aspect behind it, everything that
0:57.7	unfolded during that period.
1:00.3	Scott takes the case that Americans, on the backside of it all, have come out better
1:06.3	financially.
1:07.7	I push back.
1:09.5	That's what makes a great conversation. I hope you enjoyed this conversation
1:13.7	with Scott Fulford.
1:23.0	I think the best place to start, and I usually don't do something like this, but I think the best
1:27.7	place to start is probably the title of your book, because it does and it will cause people
1:34.1	to instantly want to know what your perspective is, and then I'm here to ask some questions.
1:40.9	But the pandemic paradox, how the COVID crisis made Americans more financially
1:45.2	secure. Now, I personally don't see that or understand that perspective. Now, you're a deep data
1:54.9	guy. You're going to lay out some perspectives. I think if I start at the money supply increase, if I start with inflation,
	...

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