re: Discussion of Fed Liquidity’s Impact on Equity Markets

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New Mike Green stuff:

1. Mike Green on Real Vision (Geopolitics Discussion) Aug 22

2. Mike Green on George Gammon’s Show Sep 9

3. Mike Green on Macro Voices Sep 10

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Listened to all 3 of these over the weekend.

1. was interesting, if for no other reason than that you get to hear Mike change gears and talk geopolitics and even a little politics. It's always good to hear other views from people, as it helps add perspective around the views that attracted you in the first place.

2. was also very good. A good compliment to his prior discussion on the End Game podcast. He discusses some of the same things but explains them in slightly different ways, which helped aid me in further understanding his positions. He also expands on why passive is more likely to result in higher prices than active (active comprised of activity at both the bid and the ask; passive comprised of activity almost exclusively at the ask; therefore, prices are bid up when passive = active but especially when passive > active) and then why we are seeing such an influx into passive vs. active (young vs. old paradigm, target date funds, corporations restricting 401k investments in active funds, etc., etc.). Last 20 minutes here had an incredible payoff for me.

3. was excellent, mostly because the host intentionally steered the discussion away from passive (given all Mike's coverage of that topic elsewhere) and more towards Fed / Macro.