Ep. 66: Mark Melin Interview with Michael Covel on Trend Following Radio
Michael Covel's Trend Following
Michael Covel
4.6 • 732 Ratings
🗓️ 8 October 2012
⏱️ 36 minutes
🧾️ Download transcript
Summary
My guest today is Mark Melin, managed futures expert, editor/writer for Opalesque, and author. Melin has his fingers on the pulse of the nasty things going behind the scenes; specifically, over-the-counter ("OTC") markets and the MF Global scandal.
The topic is managed futures.
In this episode of Trend Following Radio we discuss:
- Possible solutions
- If politicians can actually be held accountable if there are no repercussions beyond not being reelected
- How the average American can digest this information and how it affects them
- Debt crisis in Europe unfolds banks are going to expose the US government to unlimited loss potential
- How people simply won't listen if the Dow is rigged to keep them happy
- Why the average person who sees the Dow at a high level today should care about this, and what they can do to protect themselves beyond sitting around and waiting for the sky to fall
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. |
| 0:27.3 | That's my passion. |
| 0:32.9 | Today on the show I have a repeat guest, Mark Millen. |
| 0:36.2 | Mark is the author of several books. |
| 0:38.8 | He is considered a managed futures expert. |
| 0:41.9 | But I think these days, Mark, and he also writes for Obelask, Mark is also a guy who is |
| 0:48.4 | got his finger to the pulse of all the nasty stuff that's going on behind the scenes and the markets, |
| 0:55.8 | specifically these days, the OTC markets, and he's quite a wealth of knowledge and information |
| 1:01.1 | on MF Global. |
| 1:02.4 | Mark, welcome. |
| 1:04.3 | Thank you, Michael. |
| 1:05.2 | Good to be here again. |
| 1:07.0 | So, you know, we kind of, you've got this piece coming out here in the Opel-esque publication called the Untold Story. |
| 1:16.9 | Brooksley-Born, Larry Summers, leverage design flaws that persist today, and unlimited risk potential. |
| 1:23.1 | You know, some of these names are known by people, some of them are not, these personal names. |
| 1:26.2 | But I think what you've, |
| 1:27.9 | what you've really been working on, and I'm going to summarize here, is that for most people out |
| 1:33.4 | there, they understand there's exchanges, there's stock exchanges, there's futures exchanges, |
| 1:37.3 | and you can go trade on these, and they're regulated, and there's some transparency, and people |
| 1:41.8 | can understand, to some degree, the equation, so to speak, |
... |
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