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GDPNOW Latest estimate: 3.6 percent — November 3, 2022
The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the fourth quarter of 2022 is 3.6 percent on November 3, up from 2.6 percent on November 1. After recent releases from the US Census Bureau, the US Bureau of Economic Analysis, and the Institute for Supply Management, the nowcasts of fourth-quarter real personal consumption expenditures growth and fourth-quarter real gross private domestic investment growth increased from 2.9 percent and -1.3 percent, respectively, to 4.0 percent and 0.7 percent, respectively, while the nowcast of the contribution of the change in real net exports to fourth-quarter real GDP growth decreased from 0.74 percentage points to 0.62 percentage points. The next GDPNow update is Wednesday, November 9.
https://www.atlantafed.org/cqer/research/gdpnow
US Announces $400 Million in New Security Assistance for Ukraine
The Biden administration announced $400 million in new security assistance for Ukraine, including refurbished Soviet-era T-72 tanks, HAWK air defense missiles and more of the “Phoenix Ghost” drones that have been effective against Russian forces in the east. The US and the Netherlands will split the cost of refurbishing 90 T-72 tanks, a job that will be done in the Czech Republic, Defense Department deputy spokeswoman Sabrina Singh told reporters. She said some tanks will arrive before the end of the year. While Ukraine has received tanks from Poland and the Czech Republic before, Friday’s announcement marks the first time the US has paid for them since the start of Russia’s invasion in February. That suggests the Biden administration is again easing limits it’s put on the supply of more powerful weapons, something President Volodymyr Zelenskiy has repeatedly pressed for. The aid falls under the Ukraine Security Assistance Initiative, meaning the weapons will be made by defense contractors rather than coming from current US stocks. Friday’s announcement brings the total amount of US security assistance to Ukraine since the start of the invasion to more than $18 billion. Ukraine will get 1,100 of the Phoneix Ghost drones and 40 armored river boats. It will also get more of the MIM-23 HAWK missile, a surface-to-air system that Ukraine has been seeking as it has a longer range than the US provided Stingers, Singh said.
https://www.bnnbloomberg.ca/us-announces-400-million-in-new-security-assistance-for-ukraine-1.1842003
Zelenskiy has been clamoring for more heavy weapons and air-defense systems for Ukrainian forces. In announcing the T-72 deal Thursday, Dutch Defense Minister Kajsa Ollongren said allies “continue to join hands to support Ukrainian forces in the fight against the Russian war of aggression.”
SPAC Sponsors That ‘Piled In’ During Boom May Face $4 Billion Tab
Blank-check sponsors that jumped on the bandwagon to cash in on the SPAC boom may be stuck with a roughly $4 billion bill as they close up shop and return money to investors. That’s on top of the estimated $352 million they’ve already lost this year. The SPAC craze was a goldmine for sponsors like “SPAC King” Chamath Palihapitiya and Howard Lutnick (Rumble's new $ via Cantor Fitzgerald)They were early to the game and benefited from a bull market that bolstered the industry with investors eager to pay large premiums for a pile of cash. Now that the bubble has burst, sponsors who “piled in during the boom in 2021” could lose billions, according to Jay Ritter, professor of finance at the University of Florida. Sponsors on average could lose about $8 million of at-risk capital mostly fees for underwriters and others on each liquidation, Ritter says. With 646 active SPACs either hunting for targets or pushing to complete them, and an average of roughly eight deals completed a month this year, he expects more than 80% of SPACs will need to close down. That would result in losses of about $4.1 billion across the failed ventures. But that number may be closer to $5 billion given most recent SPACs essentially paid investors extra for buying into the initial public offering, Ritter says. So far this year, 44 SPACs have closed and returned the billions they raised to investors, compared to just one over the same period in 2021. Dozens more are working to close up shop before the end of the year.
Alec Gores, one of the most well-respected sponsors, said Thursday that three of his SPACs, which raised a combined $1.3 billion last year, want to shutter soon. While the firm is “committed to the SPAC product in the long-term,” it acknowledged the “current reset in the SPAC market is necessary in light of the activity over the past two years,” Gores said in a statement.
The issues for SPACs include a closed window for traditional IPOs and a battered economy, as well as pressures from US regulators. Before the boom days resulted in more than 800 new SPACs in a two-year period, the market had presented a niche opportunity for companies that wanted to go public without some of the caveats of an IPO. That turned upside down when stuck-at-home retail traders flush with cash and Wall Street pros looking to turn a quick profit took them mainstream. The fallout from failed efforts has hit experienced teams, those with little to no SPAC experience and the countless firms that tied their hopes to celebrities and athletes. Both Palihapitiya and Bill Foley have given up one two SPACs recently. Financier Patrick Orlando is clamoring to close the deal between Digital World Acquisition Corp. and Donald Trump’s media venture to avoid a third failed venture. (and this is just a statement but of course it is about DWAC-look these (SPACs) always were the unwanted stepchildren of the financial world as if you couldn't go the traditional IPO route you had this as an option so they "became ok" because Wall St. had run out of options to keep shoveling shit out so the stigma was taken off of these-now you are starting to see why they had it in the first place-many Co's that should have not been anywhere near public went via this route so what you have (in DWAC's case) is people who have bought DWAC just because it has an affiliation with 45 via Trump Media and Technology Group and he really has no say in where the stock price goes obviously and very little input, if any, into the actual running of this SPAC-so if you got burned by buying shares in the $90's and still have them you've no one to blame but yourself-this was a pump and dump thing arranged by the Market Makers to purposefully suck in 45 supporters who don't (and still don't understand how this all werks) so you'll know moar on Nov 22)
To be sure, many sponsors in the early days reaped massive benefits from their ventures. For the 284 SPACs that completed deals or closed from 2015 to September 2021, sponsors had an average net payoff of at least $46 million, according to a paper from Ritter and Minmo Gahng and Donghang Zhang. That means their total profits over that stretch were about $13 billion.
https://www.bnnbloomberg.ca/spac-sponsors-that-piled-in-during-boom-may-face-4-billion-tab-1.1841965
look again…and most importantly the transaction dates of those-not the filing date.
He sold out his ETF shorts right in front of the latest bounce and went long on some other things and then hedged that.
Specifically look the transaction dates on the ProShares short ETFs and then what did the market do right after that?
Not condoning any of it but the devil is in the details.
notes being collected
#21711
>>17721281, >>17721376, >>17721405, >>17721415,
>>17721426 Q drop #112, 17 relating to Grassley twat that "harvest is complete" Focus on the power of POTUS as it relates to the Marines
>>17721285, >>17721289, >>17721293, >>17721294 Milwaukee elections official fired over ballot fraud Nov 3
>>17721286, >>17721470 Powerball lottery jackpot grows to world record $1.6 billion
>>17721301 GDPNOW Latest estimate: 3.6 percent — November 3, 2022
>>17721304 US Announces $400 Million in New Security Assistance for Ukraine
>>17721319, >>17721318 re: Daylight "Savings" time-UV light creates D in our bodies at 1000 IU a minute. That is 70 thousand IU in 70 minutes at which point the body is full y/t
>>17721322 SPAC Sponsors That ‘Piled In’ During Boom May Face $4 Billion Tab
>>17721352, >>17721377 Sen Tom Carper (D) DE currently sitting on the Senate Finance Committee- October trading records filed yesterday and trades the bounces/dips
>>17721401, >>17721409 The former Chief of CBS and Paramount Global agrees to pay millions of dollars to settle sexual misconduct allegations.
>>17721407, >>17721485 latest news on PPelosi "cops showed up at his house last week, he told them, “everything’s good,” and then walked back into his house , NBC deletes report on Pelosi attack that contradicted sworn FBI, district attorney affidavits
>>17721429, >>17721430 “I Am Not Suicidal” – Kari Lake Responds To Hillary Clinton’s Criticism Over Comments About Nancy And Paul Pelosi
>>17721439 The campaign ad Gavin Newsom doesn't want you to see
>>17721443 Twitter sued over Elon Musk’s layoff plan as thousands of workers locked out of building, email
>>17721446 ‘Rotted At Its Core’: House Judiciary GOP Releases Massive 1,000-Page Report On Alleged FBI Misconduct
>>17721447 @kash Hey @mattwhitaker46 get me one of those sweet green lids, its #FWK colors
>>17721448 Paul ‘Jussie Smollett’ Pelosi and Questions You Aren’t Allowed to Ask
>>17721451 "I Was Hoping That There’d Be Accountability at the FBI” – Former AG Bill Barr Forgets That He Ran FBI for 2 Years!
>>17721455 “Please Return Home” – REPORTS: 85% of Twitter India Is Fired – 250 of 300 Employees
>>17721462, >>17721483 California makes it illegal for doctors to disagree with politicians… Doctors challenge it
>>17721465 Toxic Racist MSNBC Host Tiffany Cross Fired for Promoting Genocide Against White People (VIDEO)
>>17721468 Examining Konnech CEO Eugene Yu’s Ties with BlackRock
>>17721480, >>17721482 We are LIVE NOW covering the severe weather outbreak in the Midwest soc media y/t
>>17721487, >>17721574 Jury finds Trump friend Thomas Barrack not guilty on all counts in foreign lobbying trial
>>17721493 Slapping down far-right partners, Netanyahu vows no change to LGBT status quo
>>17721502 David Ralston stepping down as Georgia House Speaker over ‘health challenge’
>>17721503 Republicans' chief House investigator vows to take on bureaucracy, starting with vaccine royalties
>>17721512 Elon Musk's twitter pol so far:Freedom of speech - 78.3%, Policitical "correctness" - 21.7%
>>17721531 How in Dafuq does this person even have ratings nao? Joy Reid: Republicans “taught people the word inflation. Most people…have never used that word ever in their lives…”
>>17721537, >>17721565, >>17721588, >>17721631 Who is Harley Pasternak, the man whom Kanye West has accused of trying to institutionalize him, drug him into oblivion, and take his kids away?
>>17721541 Eyes on dis: A dozen of trucks have already gathered just outside of downtown Lethbridge, AB. More are expected to arrive in support of the 3 men facing trial for their alleged key involvement in the Coutts blockade.
>>17721566 New York Assemblyman caught taking down Lee Zeldin signs.
>>17721578, >>17721580 Pandemic Amnesty? Not a chance in Hell
>>17721581, >>17721587, >>17721627 1,300 Starlink satellites in Ukraine have been disabled due to funding issues - CNN
>>17721607 Why Are Seemingly Normal, Healthy People Dropping Dead?
in lb
>>17720639 pb, >>17721212 lb
82-8000 747 departed MCAS Miramar heading to Chicago O'hare Int'l and 09-0016 C-32A left Luke AFB, AZ went over to wait for Potato and east nao REMY22 Nightwatch still on ground at Davis-Monthan AFB, SPAR17C-40C east from Hickam AFB and F35LTNG off SoCal
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