Ready or not, the holidays are upon us. I’m very grateful for all of you, as well as my family, friends and all of the same stuff that you’ll find on gratitude lists around the country. As your intrepid blogger during this holiday week, I am also counting my lucky stars for this Bloomberg article, which quotes Peter Atwater calling the marriage between crypto treasury companies and SPACs a “financial turducken.” I think that term might take off almost as much as the “K-shaped economy” that Peter also defined.

We’ve written about this trend a couple of times already, so I won’t belabor the explanation. As we’ve noted, SPACs have made a bit of a comeback this year – and the article gives the latest stats:

More than 110 SPACs raised $23.3 billion in the first 10 months of 2025, a far cry from the roughly $162 billion pooled across 613 in 2021, but easily outpacing the activity in the last two years combined, according to SPAC Research. The stream of deals has maintained a solid clip, with 59 SPAC mergers inked this year through October.

Of course, the real point of this blog is to share this important turducken history, in case you need something to talk about tomorrow with your friends & family:

The turducken, if you’ve managed to avoid its company thus far, is exactly what it sounds like–a chicken stuffed into a duck stuffed into a turkey, all deboned and layered with various types of stuffing. It looks like a regular turkey, but, when cut, magically reveals its true soul (the duck), as well as its soul’s soul (the chicken). It would fit nicely next to a Midwestern dessert salad, but is also the kind of main course you’d expect from a Thanksgiving feast thrown by the psychedelic machine minds at Google Deep Dream. In short, it is a truly mysterious food, melding the nostalgic with the futuristic, the traditional with the impossible.

The carnivore-baiting chimera has been a gold-plated staple of New Orleans cuisine since 1980, when Chef Paul Prudhomme began serving up a Cajun-inflected version in his restaurant, K-Paul’s Louisiana Kitchen. Prudhomme trademarked the name in 1986, and we’ve been calling it that ever since.

The practice of complicated stuffings dates back to the Roman Empire, and you can check out the rest of the article if you are an enthusiastic carnivore. But for an even better recap, here’s John Madden bringing it to the masses. And if you’re looking for something more traditional, there’s always John’s spatchcocking method or Snoop & Martha’s sweet potato pie. Happy Thanksgiving!

Enjoy your holiday weekend – the blog will return next Monday, December 1st.

– Liz Dunshee