This is a recent WSJ headline that sure cheered us up:

We’ve been complaining for years about the drought in the number of start-up firms that go public on the big boards and allowing mom and pop investors to get a piece of the rock. Our UP economic advisory team member Norm Champ wrote a book on this troubling trend.

If we are going to have potentially trillions of dollars invested in Trump Accounts, and hopefully allow young workers the right to invest their Social Security taxes into safe index funds of American companies, we are going to need a lot more public companies that Americans can invest in.

There is still a long way to go to make going public attractive again, particularly for smaller companies.  But there are reasons for optimism:

• Investor Confidence – Americans are bullish.
• New Rules at the SEC under Chairman Paul Atkins make it easier for firms to go public
• Investors want in on Next Generation of Great Tech and AI Firms
• Record infusions of overseas capital into U.S. markets