Why wouldn't SPACs count? What allowed those financial scams, spacs, crypto, zombie companies, was this low interest rates environment, for over a decade. Of course SPACs count, they are a consequence of LIR.
I think SPACs are a bit different. They have been around since the 1990s, and for a long time there were maybe a dozen SPACs in a year. In 2021 there were about 600.
I think they will stick around and go back to their previous volume. Grift-o-currency is a scam and I hope it dies soon.
I think they will stick around and go back to their previous volume. Grift-o-currency is a scam and I hope it dies soon.