Mike Green is a macro strategist known for his work on market structure, benchmark distortions, passive flows and systemic fragility. A single benchmark shaped American markets and policy for decades and economist Mike Green believes it distorted risk, inflated asset prices, weakened the middle class and misled policymakers about the true state of the economy. In this conversation, he breaks down how a flawed model became accepted as truth, how it quietly rewired incentives, and why he thinks the consequences are now impossible...
Mike Green is a macro strategist known for his work on market structure, benchmark distortions, passive flows and systemic fragility.
A single benchmark shaped American markets and policy for decades and economist Mike Green believes it distorted risk, inflated asset prices, weakened the middle class and misled policymakers about the true state of the economy. In this conversation, he breaks down how a flawed model became accepted as truth, how it quietly rewired incentives, and why he thinks the consequences are now impossible to ignore.
In this episode we discuss:
– What the "broken benchmark" actually is
– How flawed assumptions shaped U.S. economic policy
– Why markets mispriced risk for decades
– The rise of passive flows and distorted price signals
– How asset inflation hurt the middle class
– Why housing affordability collapsed
– Why policymakers didn't correct the model
– The structural consequences for future generations
– Whether America can fix the system without a crisis
– How the UK is importing the same benchmark problems
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
TIMESTAMPS:
00:00:00 – How a Benchmark Became a National Problem
00:16:24 – The Rise of Passive Flows & Market Distortion
00:32:18 – Why America Misprices Risk
00:48:05 – Asset Inflation & the Middle-Class Squeeze
01:04:22 – Housing, Debt & Structural Fragility
01:19:57 – Why Policymakers Didn't Fix the Benchmark
01:36:44 – Elites, Incentives & the Illusion of Prosperity
01:53:30 – The UK's Imported Benchmark Problem
02:10:42 – What a Saner Benchmark Would Look Like
02:27:15 – Future Scenarios & Final Thoughts
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
CONTACT PETE
› Website – http://petermccormack.com
› Feedback – https://www.petermccormack.com/contact
› Email – me@petermccormack.com
› Instagram – /mccormack555
› X/Twitter – https://x.com/petermccormack/
CONNECT WITH MIKE GREEN
› Website – https://www.simplify.us
› Twitter – https://x.com/profplum99
› Substack – https://substack.com/@michaelwgreen
SPONSORS
› IREN - https://www.iren.com/
› Ledger - https://www.ledger.com/
› Gemini - https://gemini.com/
- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -
LISTEN / SUBSCRIBE
› Apple Podcasts: https://apple.co/40ruY9K
› Spotify: https://spoti.fi/3Wc94Vu
› Fountain: https://bit.ly/FountainPM
› YouTube: https://bit.ly/YouTube_PM
› Rumble: https://bit.ly/RumblePM
FILMED BY CURTIS TAYLOR
› https://www.curttaylor.co.uk/
› https://x.com/curttayloruk/
EDITED BY CONOR MCCORMACK
› https://x.com/ConorM04
View more
