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The Everything Bubble: What Could Possibly Go Wrong?

Many Happy Returns

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SPACs and Market Euphoria

This chapter explores the resurgence of Special Purpose Acquisition Companies (SPACs) in the investment landscape, examining their appeal to both retail and institutional investors. It discusses the speculative nature of current market trends, particularly in tech and cryptocurrency, and draws parallels to historical financial bubbles. The chapter also highlights the potential risks and implications of high valuations and the influence of government policies on market stability.

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