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2020-08-20 Economy

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Posted by Raj 2020-08-20 15:08|| || Front Page|| [4 views ] Top

#1 As they say, there's always a "greater fool." It's not difficult to imagine the sorts of people who would buy this over, say, a solid company that actually *cough* makes something people want to buy.

No thanks, Eddie.

Posted by M. Murcek 2020-08-20 15:42|| 2020-08-20 15:42|| Front Page Top

#2 Wikipedia:

Special-purpose acquisition company
A special purpose acquisition company, sometimes called blank-check company, is a shell company that has no operations but plans to go public with the intention of acquiring or merging with a company with the proceeds of the SPAC's initial public offering. SPACs allow retail investors to invest in private equity type transactions, particularly leveraged buyouts.

Posted by trailing wife 2020-08-20 16:01|| 2020-08-20 16:01|| Front Page Top

#3 Remember how well special financial vehicles worked out in 2008? I'm a pretty hard core capitalist. I think everyone should have wide latitude in investing their wealth. I also believe it should be equally possible to get killed as it is to make a killing (investing, that is) Anything else is a market distortion and a problem.

We live with the real, not the ideal. But we should innately want better instead of whatever.

Posted by M. Murcek 2020-08-20 16:17|| 2020-08-20 16:17|| Front Page Top

#4 Bigger fool rule is operative in this market

Posted by Sock Puppet of Doom 2020-08-20 17:46|| 2020-08-20 17:46|| Front Page Top

#5 He lost me when he lost the VP debate with blustering bully Joe.

Posted by Skidmark 2020-08-20 19:03|| 2020-08-20 19:03|| Front Page Top

#6 And while the SPAC bubble burst in 2008 along with the rest of the housing/credit bubble, it has now completely recovered, and as Goldman's David Kostin showed in a recent Weekly Kickstart, SPAC capital raising has soared YTD.

So, if Biden/Harris win, you’d better not be long anything except cash. It’ll be a bloodbath.

Posted by KBK 2020-08-20 20:07|| 2020-08-20 20:07|| Front Page Top

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