Professor Glenn A. Okun
The Rabid Capitalist: The Big Point is a brief summary of a detailed note available to paid subscribers.
The Rabid Capitalist has previously noted that the IPO market was in critical condition. A rebound will be delayed until 2026 through 2028 because of the high volume of bad IPOs that must be resurrected or recycled. This process has been hindered by the uncertainty injected into the markets by the Trump administration’s inconsistent and irrational immigration, tariff and foreign policies. The economic policy uncertainty has been compounded by a flood of litigation against the Trump administration.
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