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Michael Green: The Resolution to America's Debt Problem| Restoring Balance With Bond Market Reforms
Michael Green, Chief Strategist and Portfolio Manager for Simplify Asset Management, presents a contrarian view on bonds, arguing they are now an attractive investment due to three factors.
First, the dominance of passive bond indices creates mechanical distortions, as market-cap weighting leads to misallocation during interest rate changes, undermining price discovery.
Second, broad inflation has largely ended, with demographics and high short-term rates pushing conditions toward deflation, while many confuse ongoing price-level increases with inflation.
Third, equities face high valuations…
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