Once of the best examples of the Cantillon Effect is the explosion in Special Purpose Asset Companies or SPACs. These are "companies" (not really companies but mash up conglomerations) where economic and political elites have access to enormous amounts ($100 million to $4 billion) of cheap currency and credit to buy distressed asset small and medium sized Main Street businesses that were shutdown because of politicians and bureaucrats or in temporary peril because of the pandemic. Since February over 300 new SPACs have been formed and about 50% have already started the IPO process. This is clearly #SPACMadness thanks to the Cantillon Effect and artificially cheap currency and credit from central banks and governments with fiscal "stimulus" (bailouts)! The first SPAC ETF IPO just launched in early October 2020: https://www.nasdaq.com/articles/defiance-etfs-launches-the-first-spac-etf-2020-10-01 What You Need To Know About Bill Ackman's New SPAC https://www.benzinga.com/news/20/07/16732442/what-you-need-to-know-about-bill-ackmans-new-spac Apollo-backed SPAC aims to raise $400 mln in U.S. IPO https://www.nasdaq.com/articles/apollo-backed-spac-aims-to-raise-%24400-mln-in-u.s.-ipo-2020-10-09 Paul Ryan-backed blank-check company files for $300 million IPO https://www.reuters.com/article/us-enpc-ipo-idUSKBN25K26O Billionaire investor Bill Ackman offers new hints on possible targets for his record-breaking SPAC https://markets.businessinsider.com/news/stocks/bill-ackman-spac-psth-pershing-tontine-targets-buy-blank-check-2020-10-1029665772 Bill Ackman Gives Further Clues on Potential Targets for His SPAC https://www.newsmax.com/finance/streettalk/bill-ackman-targets-spac-pershing-square/2020/10/09/id/991185/ Bill Ackman on Airbnb: “I wouldn’t use the word rebuff” https://therealdeal.com/2020/09/04/bill-ackman-on-airbnb-i-wouldnt-use-the-word-rebuff/ Please visit the Wall St for Main St website here: http://www.wallstformainst.com/ Follow Jason Burack on Twitter @JasonEBurack Follow Wall St for Main St on Twitter @WallStforMainSt You can also checkout the Wall St for Main St Facebook Fanpage at http://www.facebook.com/WallStforMainSt or the Wall St for Main St Facebook Group where you can learn and join in on the conversation! Commit to tipping us monthly for our hard work creating high level, thought provoking content that includes interviews with top experts, analysis and short videos about investing and the economy https://www.patreon.com/wallstformainst Also, please take 5 minutes to leave us a good iTunes review here! We only have about 86 5 star iTunes reviews and we need to get to our goal of over 100 5 star iTunes reviews asap! https://itunes.apple.com/us/podcast/wall-street-for-main-street/id506204437 If you feel like donating fiat via Paypal, Bitcoin, Gold Money, or mailing us some physical gold or silver, Wall St for Main St accepts one time donations on our main website or through Paypal. Send one time donations to our Paypal to the email address: [email protected] Donate Crypto Currency to WS4MS: Send Bitcoin to: 1N5iDrazojYX5rWxmoyp982RDXJzJrFoPC Send Ethereum (ETH) to: 0x748dD59fA5d5dF80E8C0038DD4F60DAb810fe61a Send Litecoin to: MW7g44j5FX9CYEkvfPvxsW5dFjHY84yup4 Send DASH to: XuEEhWptwf1XxP2nFYQxmBfBBJYehqRoBJ Send Zcash (ZEC) to: t1MGcxyWpiH6JeyF9nnWHw9poRpvTW4PT6S Send Bitcoin Cash (BCH) to: qr7mp7f053rwnpxalxljl3f9x5tulzv53ya88d7wch Wall St for Main St is also available for personalized investor education and paid research work (we write research reports and teach). Please email us to learn more about the research work we offer at: [email protected] **DISCLAIMER- ANYTHING MENTIONED DURING THIS AUDIO OR SHORT VIDEO RECORDING IS FOR INFORMATION & EDUCATIONAL PURPOSES ONLY AND DOES NOT CONSTITUTE INVESTMENT ADVICE. JASON BURACK AND HIS GUESTS ARE MERELY STATING THEIR OPINIONS ON DIFFERENT TOPICS RELATED TO INVESTING, THE ECONOMY, MARKETS OR COMPANIES. PLEASE TALK TO YOUR INVESTMENT ADVISOR AND DO ADDITIONAL RESEARCH AND DUE DILIGENCE ON YOUR OWN BEFORE INVESTING AND MAKING IMPORTANT INVESTMENT DECISIONS.- DISCLAIMER**