SpaceX, AI and Interest Rates are TOO HIGH

In this podcast, Tony Greer and Jared Dillian are joined by Michael Green of Simplify Asset Management to break down passive investing, SpaceX mania, AI disruption, interest rates, gold, and the growing disconnect between economic data and everyday reality. They discuss why the S&P 500 rejected SpaceX while the Nasdaq embraced it, how passive flows continue to reshape markets, and whether today's AI boom resembles past speculative excesses. The crew discusses fatherhood, Naval Academy life, aging athletes, DJ culture in Las Vegas, and the strange reality that artificial intelligence may know Julianne Moore's age better than any of us. The conversation dives into the future of work in an AI-driven economy, the collapse of traditional price signals, the true meaning of poverty and participation in America, and why official statistics increasingly fail to capture people's lived experiences. Michael also shares insights from his famous volatility trade, his time at Thiel Macro, and why market narratives often matter less than underlying flows. ------------------------------------------------------------- Tony's Newsletter - https://tgmacro.com/products/ Subscribe to the DUAL SUB (Tony + Jared) - https://tgmacro.com/macro-dirt/ Jared's Newsletter - https://www.dailydirtnap.com/subscribe/ ------------------------------------------------------------- Guest is Michael Green; X/Twitter - https://x.com/profplum99 Substack - https://substack.com/@michaelwgreen?u...