The video below is 25 minutes long and I come on at approximately the halfway point.
I had a fun time doing the video. We discussed volatility bets, the S&P 500, the state of Illinois, Japanese bonds, and MMT.
In response to Max's question on Japanese 10-year bond yields at 0.11%, I proposed an MMT experiment by Japan.
Max also asked me about the State of Illinois proposal to take out $107 billion in debt to buy stocks. I instead sugested the state should put one billion a month on a VIX bet.
It would have been been nice to have had this video out on February 2, before the volatility crisis hit, but Stacy and Max were at a cryptocurrency conference in Mexico.
Mike "Mish" Shedlock