Professor Glenn A. Okun
The Rabid Capitalist: The Big Point is a brief summary of a detailed note available to paid subscribers.
The IPO market remains in critical condition. The recent surge in newsworthy offerings is an isolated pocket of demand driven by the idiosyncratic characteristics of individual transactions. A market rebound will be delayed until the high volume of bad IPOs has been recycled. This process has been hindered by the uncertainty created by the Trump administration’s inconsistent and irrational immigration, tariff and foreign policies.
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The Rabid Capitalist 
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