Michael Green: The Stock Market Is Now A Giant Ponzi Scheme
Update: 2024-07-18
Description
There is a mechanical force that pushes asset prices higher as capital flows passively into the market every month.
As more money flows in, it must be used to purchase assets, at whatever current price they're trading at. That valuation-insensitive purchasing results in higher and higher prices.
Today's guest refers to this current system as the "giant mindless robot".
And, in his view, has deformed our financial markets into a gargantuan ponzi scheme of unprecedented scale.
One that someday must go bust, as all ponzis do.
For all the details on this, we'll spend the next hour with Michael Green, portfolio manager & chief strategist at Simplify Asset Management.
WORRIED ABOUT THE MARKET? SCHEDULE YOUR FREE PORTFOLIO REVIEW with Thoughtful Money's endorsed financial advisors at https://www.thoughtfulmoney.com
#stockmarket #assetbubble #ponzi
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Support this podcast: https://podcasters.spotify.com/pod/show/thoughtful-money/support
As more money flows in, it must be used to purchase assets, at whatever current price they're trading at. That valuation-insensitive purchasing results in higher and higher prices.
Today's guest refers to this current system as the "giant mindless robot".
And, in his view, has deformed our financial markets into a gargantuan ponzi scheme of unprecedented scale.
One that someday must go bust, as all ponzis do.
For all the details on this, we'll spend the next hour with Michael Green, portfolio manager & chief strategist at Simplify Asset Management.
WORRIED ABOUT THE MARKET? SCHEDULE YOUR FREE PORTFOLIO REVIEW with Thoughtful Money's endorsed financial advisors at https://www.thoughtfulmoney.com
#stockmarket #assetbubble #ponzi
---
Support this podcast: https://podcasters.spotify.com/pod/show/thoughtful-money/support
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