Mike Green and Mike Taylor | PNL For a Purpose

On April 30th, 2024, SpotGamma and Excess Returns brought together 24 of the smartest minds in the investing world for an all day interview event to raise money for Susan G. Komen. To offer the guests insights in a more digestible format and to continue to raise money for a great cause, we are releasing the interviews in hour long segments in the week following the event. In this episode, Jack Forehand and SpotGamma's Brent Kochuba interview Simplify's Mike Green and Mike Taylor. If you are able to, please donate via the link provided alongside the video.
#inflation #macro #healthcareinvesting
Full PNL For a Purpose Video With All 24 Interviews
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00:00 Intro
00:34 - Mike Green
25:56 - Mike Taylor

[@0l_pops531]

Mike presents the most common sense approach to USA economics I have ever heard. Fabulous interview!

[@ramsineivaz]

Mr Green you are one the smartest people that I I have listen to. You should run for president

[@justinjtv4089]

true! I listen to everything I find with Mike Green

[@lalitkishor9114]

@@justinjtv4089 Mike is losing money

[@Erikpdx]

Too smart for his own good 😀

[@Erikpdx]

​@lalitkishor9114 a case of the market being irrational longer than expected.

[@willnitschke]

Yeah 'cause "debt is really equity at the sovereign level" 😅

[@emcardleinvest]

Enjoyed this!

[@MichaeldeSousaCruz]

12:20 Fed has total control on the inflation rate since the Fed Funds Rate is the rate of inflation. 🤷‍♂️ CPI is an abstract cost of living guesstimate, not real in the slightest

[@rof8200]

As fed cuts the front end, the back end may not decline.

[@MichaeldeSousaCruz]

16:15 The Budget Deficit is too small. We need a Transition Job program (Employer of last resort) in order to have a price anchor. The National Debt is Our Credit in the form of Cash, Bank Reserves, and Treasury Securities… I’ll take more please.

[@Erikpdx]

Why would we need an employer of last resort when unemployment is less than 4%? Uber and the other gig economy opportunities are already an employer of last resort. If you need a job you can go pick shopping items off shelves for busy families. We got a price floor when the two biggest employers, Amazon and Walmart started paying $15-18 min for unskilled labor

[@MichaeldeSousaCruz]

@@Erikpdx so we can have 0% unemployment. Be at full employment. Optimize our economy. You want to optimize our potential, right? Be the best, right?

[@Erikpdx]

@MichaeldeSousaCruz there's always going to be some unemployment for turnover. Engineers and administrators aren't going to pick up garbage for $20/hr. Under 4% is considered full employment

[@MichaeldeSousaCruz]

@@Erikpdx you’re right, therefore engineers and administrators are going to collect unemployment checks. Who do you think this employer of last resort program is for? Not those people obviously.

[@Erikpdx]

@MichaeldeSousaCruz why could they take any other job in the private sector if they can slack off in a pointless govt position that's over paying them and they can't get fired from it?

[@dangerbob8556]

if the price of wheat is what it was 50 years ago, are the bakers getting rich? I'm wondering how accurate this guys data is.

[@MichaeldeSousaCruz]

26:55 healthcare is easy to figure out. Lower the eligibility for Medicare from 65 to 0. Done! Next?!