IL06: The History of Interest & the Next Devastating Crisis ft. Edward Chancellor

Edward Chancellor, Author, Journalist and unrivaled Financial Historian, joins us today to discuss the history of Interest, based on his new book, “The Price of Time: The Real Story of Interest". We address why it is crucial to pay attention to the historical perspectives of the economy, the allocation of capital and interest and why low interest rates have a feedback effect on the economy, the zombie corporate phenomenon and the impact it has on the economy. We also discuss the longer term consequences of low interest rates and whether bubbles can be beneficial, globalization and how interest rates impacts the fragility of global supply chains, the role of Central Banks and how they affect price stabilization by preventing creative destruction. Lastly, we discuss how the Fed policy of “cleaning up afterwards” creates unintended problems, how a zero interest policy can pose a threat to capitalism and much more. ----- 50 YEARS OF TREND FOLLOWING BOOK AND BEHIND-THE-SCENES VIDEO FOR ACCREDITED INVESTORS - CLICK HERE ----- Follow Niels on Twitter , LinkedIn , YouTube or via the TTU website . IT’s TRUE ? – most CIO’s read 50+ books each year – get your FREE copy of the Ultimate Guide to the Best Investment Books ever written here . And you can get a free copy of my latest book “ Ten Reasons to Add Trend Following to Your Portfolio ” here . Learn more about the Trend Barometer here . Send your questions to info@toptradersunplugged.com And please share this episode with a like-minded friend and leave an honest Rating & Review on iTunes or Spotify so more people can discover the podcast. Follow Kevin on SubStack & read his Book . Follow Edward on LinkedIn & read his book . Episode TimeStamps: 00:00 - Intro 02:19 - Introduction to Edward 04:19 - The process of writing his latest book 14:15 - Are we forgetting the economic history? 19:34 - How Edward approaches his study of Interest 25:43 - The impact of interest rates 35:22 - The notion of zombie companies 46:04 - Can bubbles be beneficial? 52:01 - How interest rate affects global supply chains 57:27 - Central banks and price stabilization 01:04:54 - Should Central Banks prevent bubbles? 01:08:39 - Is a zero-interest policy a threat to capitalism? 01:14:14 - Key takeaways from Niels Copyright © 2025 – CMC AG – All Rights Reserved ---- PLUS: Whenever you're ready... here are 3 ways I can help you in your investment Journey: 1. eBooks that cover key topics that you need to know about In my eBooks, I put together some key discoveries and things I have learnt during the more than 3 decades I have worked in the Trend Following industry, which I hope you will find useful. Click Here 2. Daily Trend Barometer and Market Score One of the things I’m really proud of, is the fact that I have managed to published the Trend Barometer and Market Score each day for more than a decade...as these tools are really good at describing the environment for trend following managers as well as giving insights into the general positioning of a trend following strategy! Click Here 3. Other Resources that can help you And if you are hungry for more useful resources from the trend following world...check out some precious resources that I have found over the years to be really valuable. Click Here Privacy Policy Disclaimer