Understanding Technology Bubbles
New Books in Economics
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Are We in a Tech Bubble Right Now?
David Frum: Do you guys think we're in a tech bubble right now? He says there's been this real explosion of these special purpose acquisition companies. SPACs are not vetted in the same way as an IPO, and many investors aren't expert investors either he says. Frum: You have precisely the conditions for a bubble where you've got an instrument that appears to be fail safe because with a SPAC, you can always just get your money back with interest.
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