Underfunded Pensions And Stock Market Euphoria

   When the stock market party that has everyone giddy with joy and numbed to reality ends, what happens then? There are millions of people relying on pensions that are deeply underfunded. As long as the stock market continues its euphoric rise, that reality is ignored. Many pension funds depend on unsustainable stock market returns that cannot go on forever.   
   When interest rates rise, trillions of dollars of unpaid debts, including the national debt, will be harder to pay back. As long as there is stock market euphoria, many things are ignored that should be faced now. Interest rates will rise one day, whether the government likes it or not. And one day the stock market party will end. No one is prepared for the day after.