As with most financial market crazes, the fear of missing out motivates buying and selling en masse. The market’s current fantasy with special-purpose acquisition companies (SPACs), a financial instrument mired in a suspicious past, may just be another instance of this phenomenon. SPACs are different from your average market craze, however, because they offer a unique opportunity to take advantage of previously restricted returns.
The pandemic has disproportionately affected LIDCs across the globe; with LIDCs lacking access to financial capital, they face domestic economic decline and forecast increased levels of poverty. As LIDCs struggle with limited financial capital, can financial markets play a role in helping LIDCs during the pandemic?
In light of recent massive spikes in cryptocurrency, many new investors have joined the fray with a “can’t lose” mentality. In actuality, having money invested in cryptocurrency right now is anything but a “can’t lose” situation.
Disrupted by unstable democracy protests and an unprecedented National Security Law, Hong Kong’s position as Asia’s favored financial hub is under threat like never before. Investing Columnist Leo Wang investigates the increasingly bleak future of “Asia’s World City” and the hopeful cities vying to replace her.
As the coronavirus pandemic rages on, global economies continue to sink as unemployment and decreasing consumer good demand pose serious long term threats. Developing nations are particularly vulnerable as they lack the required infrastructure to bail local enterprises.