The stock market is a Ponzi scheme.
Discussion
Specifically, one where regular people have no choice but to enter via their pensions, where they are penalized if they withdraw earlier than retirement age, and where the top percentile can speculate with those peoples money and pull out at any time.
Yes.
As boomers begin to draw from their retirement accounts, mainly from passively managed indexes, price stability is entirely dependent upon the continued contributions of the active working class.
In the absence of ongoing contributions, the market would collapse as boomers start to wd.
👆yup
Built by boomers, for boomers, on the backs of younger workers, who will be rugged by forced distributions and a race to the exits.