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I have deep affection for my dog. >> this young man started a chinese version of pets.com and used his money to build a mansion for his dog. xi is now cracking down on all kinds of private enterprise. >> he does not have a problem with them getting rich but he wants them to get rich in a patriotic way. >> at the point which it began to feel it was brushing up against the outer edges of his power and authority, that's the point it which became intolerable. he may be trying to quell a deeper fear. could communist china collapse? the way the soviet union did. >> always in the back of his mind is ...

Taylor: 'Blank-check companies' are the new bubble March 3, 2021 FacebookTwitterEmail Nominations are already open for the craziest frothy finance stories of 2021. Strong cases can be made (and I have made them) for Bitcoin and Reddit bros’ GameStop short squeezes. But maybe the uber example of frothy finances this year are SPACs. Special purpose acquisition companies have existed for years, but on the fringes of Wall Street. Now, they are front and center. SPACs are known as “blank-check” companies. You buy shares in a company that is an empty shell. The shell sells 100 million share...

San Francisco's dream of the future is eternal - but it's time to move on The author of Tech Chronicle signs off. FacebookTwitterEmail Farewell, and thanks for all the fish treats I wasn’t generally given to vandalism as a child growing up in the Virginia suburbs of Washington, but when I was 7 or so, I took a marker and defaced our game of “Monopoly.” The instructions on one square said “Go to jail.” I crossed that out and wrote “Go to San Francisco.” I never stopped dreaming that it was possible to roll the dice and transport yourself to a place where you could rewrite the rul...

Because the shoe-shine boy bull**** is going on again. Don’t get me wrong — I love the money to be made in the last phase of a blow-off like this and those with iron balls can make plenty of money on a crash too.  Just be careful with anything that can get you in margin trouble  and for the love of God do not short (or sell naked calls!) against anything spiking. The two that have really gotten my attention of late are GME and BB.  BlackBerry, as you know if you’ve read my column for a while,  really does have something that the market is paying attention to now after several years...

Out just in time. this is what happened with the dot com boom. grandma, grandpa lost their life savings. history is repeating itself. >> dan, respond. >> i did read your piece on the way to the studio, it said "it's time to move on, bitcoin will soon go the way of myspace and pets.com." i would say there is a chance, i'm a trader, i can never be sure of anything as you are as a writer, but when that piece was written, that was two years ago, and since then $100,000 in bitcoin would be worth $4.5 million. there's certainly going to be some volatility going forward, but the point is, asymmetric ...