ReSolve Riffs with Mike Green on the Visible Hand, a Passive Singularity, and Pivoting to Optimism
We have been eagerly waiting for this one for a while! Our friend Mike Green, Chief Strategist and Portfolio Manager at Simplify Asset Management, returned to the podcast this week. Always thought-provoking, Mike journeyed with us through a wide range of topics that included: Why the enthusiasm for central bank intervention is so asymmetric Options trading and the wild swings in Zero Days to Expiration Options (0DTE) Statistical anomalies in the labor market The primary drivers of inflation in the 1970s A comparison between Volcker and Powell Monetary policy as a blunt tool and powerful opioid – numbing investors and delaying reforms Tax arbitrage by big corporations and why they must end A path to political moderation in the US Why tighter monetary policy may be the wrong policy right now A criticism of the Fed – authority, legitimacy, and reach Reasons for underinvestment in US energy production Why the capital allocation process in the US economy is largely broken An update on the recent dynamics of passive investment vehicles Home ownership, nimbyism, and affordability The importance of the Minsky Framework for the current environment “If you’re not doing macro, macro is doing you” And much more This is “ReSolve’s Riffs” – live on YouTube every Friday afternoon to debate the most relevant investment topics of the day, hosted by Adam Butler, Mike Philbrick and Rodrigo Gordillo of ReSolve Global* and Richard Laterman of ReSolve Asset Management Inc. *ReSolve Global Inc. refers to ReSolve Asset Management SEZC (Cayman) which is registered with the Commodity Futures Trading Commission as a commodity trading advisor and commodity pool operator. This registration is administered through the National Futures Association (“NFA”). Further, ReSolve Global Inc. is a registered person with the Cayman Islands Monetary Authority.