Michael Green
speaker
318 appearances
3 recordings
1 series
first heard Dec 2025
last heard today
Michael Green’s voice in public audio — every appearance, attributed to the second.
Trend
recordings per month · last 12 monthsRecordings per month over the last 12 months — 3 in all, peaking in Sep 2026 with 1.
Appearances
Prof G Markets · Wall Street Veteran: The Bond Sell-Off Is A Buying Opportunity · 29 Sep 2026
podcast
That's trying to drive an increase in economic activity.
It's not trying to quote-unquote suppress interest rates in the way that most people think about it.
Well, I think the most important thing to understand is that what we are identifying is that there is a neglected asset.
Low price, long duration bonds trading below 50 cents are something that is by and large ignored by the passive bid.
That means that's an asset that ultimately is almost certainly underpriced.
It's just a question of how quickly that will be realized.
If the Federal Reserve continues to pursue the policies of chasing inflation or chasing a two-year where they've asked the bond market, hey, what interest rate would you like us to pay you?
Much like that shopping, that supermarket example I gave you.
The bond market's response will always be, yeah, we'd like more interest.
And so this cycle can continue.
Eventually, the Federal Reserve will figure this out.
The Treasury has already figured this out and is trying to take steps in the right direction.
This is part of the reason why you see Scott Bessent increasingly trying to make Warsh aware of this phenomenon.
But candidly, I just don't think Warsh is prepared to do that yet.
And certainly the other policy, the other members of the Federal Reserve Board
many of whom are political appointees, are very enthusiastic about the idea that they are going to somehow or another show how tough they are by fighting inflation with a tool that is totally inappropriate for it.
I think it's an accurate take.
I think, unfortunately, that feels like a hot take in a world in which the vast majority of people are operating under a moralistic framework.
Thank you.
You know, the quick answer is that when you look at somebody who is engaged in the behaviors that Leo has, there's really no mechanism for him to have learned not to do this.
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