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Another Peak Alert: The Blank Check "SPACs" Boom Has Just Surpassed 2007
In 2017, stock issuance by SPACs has made a new post-crisis high, surpassing the last peak in 2007 which saw the equity market peak in October of that year prior to the crisis. Before we go any...
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Some GOP Senators Press for Late Changes in Tax Bill (WSJ)Here’s Where the GOP Tax Plan Stands Right Now (BBG)Harvard Endowment Chief Pushed for Steeper Devaluation of Assets (WSJ)Net neutrality repeal...
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Bill Blain: "I Have Never Seen So Many Extraordinary Events In One Year, And...
Via Bill Blain of Mint Partner,We don’t think 2018 is going to be the End of the World. There will be opportunities and mistakes. Winners and grinners, and more than a few losers. Sure, we’re looking...
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What's In The Final Republican Tax Bill: Goldman Explains
While we published both the full text(1,097 pages) and the "explanatory" statement (only 570 pages) released by the House-Senate conference committee on the final Republican Tax Bill, also known as the...
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CalPERS Goes All-In On Pension Accounting Scam; Boosts Stock Allocation To 50%
Starting July 1, 2018 stock markets around the world are going to get yet another artificial boost courtesy of a decision by the $350 billion California Public Employees' Retirement System (CalPERS) to...
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These PE Firms Are About To Get Crushed By Their Subprime Auto Bets
In the aftermath of the 'great recession,' private equity firms placed massive bets on subprime auto finance companies with the typical "thesis" going something like this:"well, people have to get to...
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