Banks, as prime brokers and counterparties to the hedge fund, are eating multi-billion-dollar losses as they try to get out of these secretive stock derivative positions.
The SPAC market is in the process of detonating and it will take the Ponzi Sector with it.
Exactly at the worst possible time. Ripple effects to be felt for months.
Unicorn startups are even more unprofitable than those that did not achieve Unicorn status.
To be honest, the WTF SPAC bubble wouldn’t be complete without a WeWork listing that lets SoftBank get out.
These manias and the rising long-term interest rates are on collision course.
Americans trying to buy a new vehicle will end up paying more.
In an investment environment where nothing matters anymore – until it suddenly does.
Who’s going to be the sucker? Even the SEC, which has been asleep through all this, warns retail investors. But in the current mega-bubble craze, no one gives a hoot about anything anymore.
These manias and the rising long-term yields are on collision course.