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Originally Posted by Purrybonker
Oh yee of the neo-permabears. Capitalism does indeed seem to have found it's ultimate incarnation. Wallowing in it's own lever pulling, derivative fueled madness. Nothing is simple anymore - make a good product, employ hard working people, at least since the 60's. Then 2008-09 blew the doors off.
The capitalists, the investment bankers that don't know how to shine a pair of shoes but can expertly rate the performance of each and every shoe manufacturer on the planet (analogy that). And the whole financial markets driven by that guidance - equity and debt raters both hold sway.
Fk covid, we are still riffing off of 2008 and have learnt nothing.
But, no need for tears just yet. We boomers should not show our age and throw hissy fits just because we've entered a new norm that doesn't seem to fit our understanding.
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We have been on life support provided by the FED since 08.