Michael Covel talks with Harry Dent on today's podcast. Dent studies demographic and historic trends to project major events. Covel and Dent come at trading strategies differently, but see eye to eye on a number of other issues. Covel and Dent discuss how demographics and consumer spending help to determine what might happen tomorrow; "the demographic clip"; "die-ers vs. buyers"; what happens when a smaller generation follows a larger one; zero interest rate policy and asset prices; inflation; how the government keeps the bubble inflated; comparisons to Japan; the forced spending of principal; whether we've lost the ability to have a conversation about the morals of our current policies; real estate speculation; how we've lost direction on the idea of "resets"; the boom-bust cycle; the importance of failure; "coma" economies; early retirement, and why you can't retire at 65; public employee pensions; and why we ultimately need a crisis to secure our future. Want a free trend following DVD: www.trendfollowing.com/win.