SPACs Tank. Are NFTs Next?

Towards the end of financial bubbles, two things generally happen. First, legitimate ways to put capital to work become scarce as prices outrun expected cash flows. Second…

Continue reading

CLOs Join The Everything Bubble

The “Everything Bubble” has jumped from hyperbole to literal truth in just a couple of years, as more and more assets enter crazy expensive, extremely reckless territory. The latest addition…

Continue reading