An estimated $8 trillion has been squeezed out of U.S. equity markets since March 2000. But who, or what, did the squeezing? And where has all that money landed? The following verse confronts these difficult questions.
A Puzzlement
I thought I knew how markets worked
How shares are bought and sold,
How traders who guess right get rich
And those who don’t get rolled.
You get my dough or I get yours
The fight is hard but fair,
The wealth tide’s shifting ebb and flow
It all seemed crystal clear.
Then suddenly the market tanked
And things got mighty weird,
Eight trillion worth of equity
Just upped and disappeared.
I asked my pals, my neighbors, too
Where did that money go?
I checked with pols and stock gurus
But no one seemed to know.
Was it a bubble from the first
A party we all dreamed?
A great collective fantasy
From which we’ve now been weaned?
Could CEOs have grabbed it all
And hidden it away?
Could sinister investment banks
Have pulled it out of play?
Did it end up in foreign vaults
Through slick manipulations?
Has this wealth now become a tool
Of terror-minded nations?
Or was it an X-file that proves
Alien interventions?
Did all this money really flow
To parallel dimensions?
A bubble, cheats, or terrorists,
Space hustlers with a knack,
The truth is I don’t give a damn:
I just want my money back
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