-closed end trust issuance peaked in Aug-Sep 1929 at $1bil/mo, equivalent to $130bn as a % of today's economy (@bewaterltd) -peak SPAC issuance peaked at $180bn LTM Q2 2021 (@realjimchanos) at $86bn we're halfway to peak issuance levels, based on prior greed cycles
Meltem Demirors
Meltem Demirors12 tuntia sitten
in the last 8 weeks - 98 companies - raised or announced plans to raise $86 billion to buy crypto - most have no revenue and minimal employees outside of IR, FinOp, and legal i think it only gets crazier - selling $1 for $3 and clipping 20% sponsor fees is too tempting
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