2024-03-09 21:37:22 ET
Summary
- Cathie Wood criticizes the US Federal Reserve for its monetary policy mistakes and argues that deflation, not inflation, should be the concern.
- Wood presents charts showing that technologically driven deflation has made commodities the cheapest they have been since the 1960s.
- I add my own commentary alongside Wood's to provide a better-rounded picture of the "state of innovation."
Introduction
The controversial CEO/CIO of ARK Invest, Catherine Wood, published a letter on March 7th titled "The Journey From Monetary Shock To An Innovation-Led Economic Boom."...
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Cathie Wood Speaks, ARK Investors Should Listen