The last muppet show is now playing:
Seven entertaining years later and the bailout-sponsored deflationary death spiral has not only decimated the economy, but it has bankrupted pension plans. Traditional pension plans are established based upon historically average rates of return, not 0% for seven years straight. Likewise, pensioners living on savings need investment income, which is essentially close to zero for reasonably safe assets.
Meanwhile, every type of "investor" has now been turned into a rent-seeking casino gambler to offset zero income with capital gains. Unfortunately, despite what Ameritrade would tell us, that's a zero sum game. So the vast majority of people stepping up to the casino get bilked in profitless IPOs, revenueless Biotech, Chinese internet stocks or 3x overvalued 200 year-old breweries...
Goldman Sachs:
Revenues -13% year-over-year:
The casino always wins:
NYSE parent company...
And for the grand finale, there's Unhedged funds desperate to avoid redemptions...
