Pham Nhat Vuong is arriving in the United States in so-so 2021 style. Vietnam’s richest man is taking his electric-vehicle company, VinFast, public at a punchy valuation through a merger with casino mogul Lawrence Ho’s special-purpose acquisition company. It values the group at $27 billion and secures it a listing in the U.S. where the money-losing entity wants to sell more vehicles. But it needs funding to grow too, and the inflated deal doesn’t help much.
Hibiscus Petroleum Bhd has come a long way since its listing more than a decade ago, surviving the 2014 oil price crash and breaking the scepticism that investors had on special-purpose acquisition companies (SPACs).
clear. people s deposits have set up a separate fund, any bank facing systematic risk problems, your deposits are safe. anyone worried like my gosh, absolutely not, your money is okay however, to say that we re in safe territory, no problem, that s no true think about the last ten years we had zero interest rates for way too long we had free money. that makes people take more risk, right? suddenly you saw the crypto craze, spacs, nfts, and then covid. the girl government flooded trillions into the system. we got a bunch of inflation. next things next, the fed jacks rates, and that s made things pretty francised, and that s made the lending environment to be more difficult. things are absolutely fragile,
whether it is tech where amazon was the first company to lose $1 trillion in market cap we saw massive layoffs meta/facebook laying off 1,100 employees. we saw the bubble burst in crypto in spacs. the crazy vehicle where investors were using to take companies public and make a lot of money and investors got hurt. 202 it was a hard year. we wanted to be positive and there are things to look forward to there are promising signs on the economy front. for every day americans it. it may feel like prices are high and they are high the rate of inflation has been slowing. particularly on consumer products you are saying in 2023, we might find a little bit more affordability? it is trickle thing out into the economy and could trickle out further. that matters, obviously, on the