Ep. 243: John Mauldin Interview with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
Michael Covel
4.6 • 732 Ratings
🗓️ 2 June 2014
⏱️ 26 minutes
🧾️ Download transcript
Summary
My guest today is John Mauldin, a noted financial expert, a New York Times best-selling author, a pioneering online commentator, and the publisher of one of the most widely read investment newsletters in the world.
The topic is finance.
In this episode of Trend Following Radio we discuss:
- Credit card rates and zero interest rate policy
- The improper use of credit
- Debt spirals
- Central bank policies that keep whipsaw periods going
- The actions in Japan and how they can spread across the world
- The justifications that Mauldin sees behind the scenes
- Black swans and boom-bust periods
- How the 2008 financial crisis wasn't a true black swan event
- The "why" behind zero interest rate policy
- The specter of Keynesianism over the world
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. |
| 0:21.1 | I am your host, Michael Cobell. |
| 0:24.0 | Not filtered, raw, honest. |
| 0:27.3 | That's my passion. |
| 0:33.1 | Today in the podcast, I have John Malden of Malden Economics. |
| 0:37.8 | John is a best-selling author, multiple books. |
| 0:41.1 | He has a very sober view on the actions of the central banks and governments around the world. |
| 0:50.0 | Listen up. John brings some wisdom. |
| 0:52.8 | I hope you enjoy. |
| 1:01.3 | Thank you. Listen up. John brings some wisdom. I hope you enjoy. Hey, listen, here's where I want to jump in today, because I don't get you all day, but I could, I could, I could, I could, I love your voice. You've got you should be on radio. I don't know if you are not ready, but you should already be on radio. |
| 1:10.4 | Well, I've been told that I have a face made for radio. |
| 1:12.8 | You've got a voice made for radio too. So, listen, here's where I want to go. I caught the headline |
| 1:17.8 | today. And I want to get, I just want to pick your brain on some big macro issues to the audience. |
| 1:22.8 | And my audience is probably in many ways similar to your audience, but maybe slightly different. |
| 1:27.9 | But look, I see the headline today. |
| 1:31.5 | The average credit card rate for a decent credit card score is around 21%. |
| 1:37.1 | You can't get any more interest on your savings. |
| 1:41.6 | At what point in time is this called loan sharking? |
| 1:44.1 | And why is this loan sharking |
| 1:45.6 | good for USA? |
| 1:48.7 | Wow. |
... |
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