Not everyone is happy.
The SPAC boom will surely go down in history as one of the biggest stock-market heists ever, made possible by Consensual Hallucination.
“All workers and employers should take note of our experience with the International Brotherhood of Teamsters and worry.”
Executive officers, directors, and Teamsters benefited from the bailout. So get it over with, finally.
Tech & social media companies went nuts during the pandemic hiring-bubble, then sobered up. Now it’s already over.
Inflation in goods has abated, but it remains hot in services: US companies.
Americans got battered for years by huge price hikes, especially on trucks, amid oligopolistic pricing behavior by legacy automakers.
Tightening is a slow process, and there is still a flood of excess liquidity chasing after yield.
And it’s structural. Variable-rate CRE mortgages and much higher rates just speed up the process.
AI hype & hoopla replaces crypto, blockchain, and FinTech hype & hoopla. You’ve got to go with the times.