Ep. 150: Harry Dent Interview with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
Michael Covel
4.6 • 732 Ratings
🗓️ 22 August 2013
⏱️ 43 minutes
🧾️ Download transcript
Summary
My guest today is Harry Dent, a best-selling author and one of the most outspoken financial editors in America. Using proprietary research, Harry developed a unique method for studying economies around the world, and uses his analysis to provide insights on what to expect in the future.
The topic is his book Demographic Trends in Real Estate.
In this episode of Trend Following Radio we discuss:
- How demographics and consumer spending help to determine what might happen tomorrow
- "The demographic clip"
- "Die-ers vs. buyers"
- What happens when a smaller generation follows a larger one
- Zero interest rate policy and asset prices
- Inflation
- How the government keeps the bubble inflated
- Comparisons to Japan
- The forced spending of principal
- Whether we've lost the ability to have a conversation about the morals of our current policies
- Real estate speculation
- How we've lost direction on the idea of "resets"
- The boom-bust cycle
- The importance of failure
- "Coma" economies
- Early retirement, and why you can't retire at 65
- Public employee pensions
- Why we ultimately need a crisis to secure our future
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 Covel, not filtered, raw, honest. |
| 0:27.4 | That's my passion. |
| 0:33.3 | Today on the show I have Harry Dent, and Harry is a well-known name, and his business has been |
| 0:40.0 | primarily about looking at demographic trends, consumer spending, and trying to say where |
| 0:47.7 | economies, markets, countries will go in the future. |
| 0:55.3 | So forecasting what might happen in the future using that type of fundamental information. |
| 1:01.4 | And I'm sure there's a lot of different other things that he uses different cycles and |
| 1:04.5 | whatnot. |
| 1:05.3 | There's a lot of detail there. |
| 1:07.8 | However, clearly for people to listen to my podcast and know my work, it's a slightly different |
| 1:13.4 | take. |
| 1:14.5 | That said, I think you'll enjoy this. |
| 1:18.4 | I think you'll enjoy this. |
| 1:19.6 | This is a fun conversation. |
| 1:21.1 | And I think for people that it's really not a trading conversation, it's more Harry and I |
| 1:26.8 | walking through what's been |
| 1:28.8 | happening in the last 15 or 20 years, the idea of no interest rates, the idea of saving |
| 1:34.8 | banks, the idea of propping up real estate, the idea of QE, Fed actions, stock market rigging. |
| 1:43.1 | Now, of course, all of that is just viewpoints and opinions, |
| 1:47.2 | and somebody could say, well, it's all irrelevant. Well, you know what? I think it is relevant |
... |
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