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My guest today is Russell Napier, a consultant with CLSA, who Covel had the good fortune to speak for in 2013 in several cities across Asia. Napier is a global macro-strategist. He definitely comes at it from a different trading perspective than trend following.

The topic is his book Anatomy of the Bear: Lessons from Wall Street's Four Great Bottoms.

In this episode of Trend Following Radio we discuss:

• Why the average person will never see an interest for their savings again in their lifetime
• How the choice of equities is made for many
• How we\u2019re not really in a free-market capitalistic world
• Why Napier thinks we\u2019re on the eve of a major deflationary period
• How the equity bull market causes people to simply not think (or question).\xa0

Jump in!

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I\u2019m MICHAEL COVEL, the host of TREND FOLLOWING RADIO, and I\u2019m 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\u2019d like to give you a great piece of advice you can use in your life and trading journey\u2026 cut your losses! You will find much more about that philosophy here: https://www.trendfollowing.com/trend/

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