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Michael Green warns that passive investing has quietly turned markets into a self-reinforcing bubble (Ponzi-like in nature) and reveals why bonds now offer once-in-a-generation returns.

In this eye-opening conversation with Maggie Lake, Michael explains:

• How passive flows are distorting market prices and fueling extreme valuations
• Why today’s AI boom mirrors the dot-com bubble, and what comes next
• How tariffs & government intervention are reshaping the economy
• Why the U.S. may already be in a recession (and why it’s not obvious yet)
• Bonds vs. stocks vs. gold—where he sees true opportunity right now
• Why small businesses are disappearing while mega-caps consolidate power

Michael makes the case that high-quality bonds, especially TIPS, are a rare long-term value, while most equities remain overpriced and speculative. He also warns of deeper structural changes ahead, from AI-driven labor disruptions to the slow erosion of small business.

Video Length: 00:51:53

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