Michael Covel talks political correctness. Americans take
regular issues, and blow them up to the extreme. We see it 24/7. In
addition, there is massive abundance, arguably a distraction to the
freedom to make choices. Is the freedom to make your own choices
even real?

Michael reads excerpts from an article by Josh Brown titled,
“Abundance.” He makes the case that abundance is now the enemy,
which sets our economy apart from every other culture in history.
For example, so much entertainment is free these days; movies,
video games, apps, dating websites, music, the list goes on. People
are taking paid versions of products and producing cheap and free
versions. Josh points out that a year ago he was writing about
scarcity, now its abundance. We use to have pop culture or a #1 hit
TV show or hit band. Now there are 50 different sub cultures and
genres.

But abundance is killing us. Josh notes that it would be best if
there was a major flush of the system. Capital needs to be
exchanged and shifted. The imbalances we are experiencing will
inevitably correct and restart, it’s only a matter of when. Michael
stresses that you need to have an investment strategy to prepare
yourself for that inevitable correction. You need an investment
strategy to take advantage of the next crash, as well as save
yourself from the next crash.
In this episode of Trend Following Radio:

Ego
Preparing yourself for the next crash
Abundance
Downfall of the economy