it seems like that a big part of the global, especially the US economy is mostly financial engineering, passing money around and valuing things arbitrarily, propping up the GDP numbers while the real economy just keeps getting worse

I just don't know how this can last

Seems like obvious end result when incentives are there for it. Simply too much money around and funds which have to invest in something or anything. You won't get paid long if you sit on pile of cash or boring government bonds. Unless you are Buffet... Thus have to find some place to invest. And have to keep numbers looking good.

The inevitable result is misallocation at best or outright fraud at worst...

Why?

Pre Dodd-Frank, $170M loss might have been $2000M: https://en.wikipedia.org/wiki/2012_JPMorgan_Chase_trading_lo...

The analogy that Jamie Dimon was drawing was between seeing one cockroach and there likely being many more, and problems in the banking industry - if you see a problem in one bank, others are likely to have the same problems.

I didn't see any adversaries being called out, and the imputed connection to the Rwanda genocide is completely beyond me.