Forget Flying Taxis—Down-to-Earth Companies Are Now the Prime SPAC Targets

At the height of the boom in special-purpose acquisition companies, speculative merger targets like electric-car makers and flying-taxi startups ruled the day.

But people who track and make SPAC deals say the types of unprofitable companies that became popular among SPAC investors during the pandemic are falling out of favor.

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Forget the 1970s — this market is drawing comparisons to the 1870sThe current high inflation environment is often compared to the 1970s. But perhaps a more apt comparison would be to the 1870s. Government bonds are on track for their worst year since 1865, the year the U.S. Civil War ended. And yet the media gives Biden a pass like all is well. In other words… Biden is a historically bad president. 🤡🤡🤡
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