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Michael Covel's Trend Following

Ep. 490: Trump the Fed with Michael Covel on Trend Following Radio

Michael Covel's Trend Following

Michael Covel

Investing, Business

4.6730 Ratings

🗓️ 3 October 2016

⏱️ 24 minutes

🧾️ Download transcript

Summary

Please enjoy my monologue Trump the Fed with Michael Covel on Trend Following Radio. This episode may also include great outside guests from my archive.

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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

Click on a timestamp to play from that location

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 Covel, not filtered, raw, honest.

0:27.3

That's my passion.

0:33.1

Only one thing happened in the debate.

0:40.8

The debate watched by, I think, 87 million people. Only one thing happened in the debate. The debate watched by, I think, 87 million people.

0:50.3

Only one thing happened that was worth a damn, worth a discussion, and probably will force a discussion for years to come.

0:54.7

I'm looking at the headline here in my hands.

1:02.5

Trump slams Yellen's Fed again, this time on a much bigger stage.

1:05.1

That is the lead headline from Bloomberg.

1:11.6

Donald Trump took aim at the Federal Reserve in front of millions of viewers during the first 2016 presidential debate.

1:13.6

Yes, he did.

1:15.6

Let's see if I can quote him exactly.

1:17.6

He said the Fed is being more political than Secretary Clinton and the Fed is being political

1:22.6

by keeping interest rates at this level.

1:25.6

Now this didn't get a lot of motion, a lot of action

1:29.5

inside the debate, but I'm looking at four articles in front of me that I'm going to discuss today

1:35.5

because it seemed like Trump's fairly innocuous little comment has really, really pissed off the system. The system, the deep state is not happy

1:49.1

to have their Federal Reserve questioned, talked about in any kind of a negative light. Frankly,

1:56.6

they don't want it talked about, period. So the fact that, in a debate being watched by 87 million people,

2:03.7

one of the presidential candidates says the Fed is rigging rates for political reasons,

2:11.0

well, the folks have come out in the articles and they are not happy.

...

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