"Everyone Will Be Wiped Out In 30 Days" - Cathie Wood Last WARNING and latest interview on recession, inflation, portfolio, bitcoin, crypto and stock market
Ark Invest CEO Cathie Wood and Wharton School of Business professor Jeremy Siegel both agree that we're already in the middle of a recession.
While recession warnings have been piling up in recent weeks, most of them have a timeline of one or two years in the future. But in separate appearances on CNBC Tuesday, Wood and Siegel said it is happening now, while inflation is showing signs of easing.
"We think we are in a recession, and we think a really big problem out there is inventories — the increase of which I've never seen this large in my career," Wood said.
She pointed to retail giants like Target and Walmart, which typically have well managed supply chains but have warned recently they are struggling with high inventories, indicating the size and scope of the problem is bigger throughout the sector.
To offload excess inventories, retailers will have to cut prices. And Wood reiterated her view that the current period of high inflation will set up the economy for deflation, or falling prices.
About Cathie Wood:
Catherine Duddy Wood or better known as Cathie Wood is the founder, CEO, and chief investment officer of Ark Invest. Also named as the best stock picker of 2020 by Bloomberg News, Cathie Wood manages the world's largest actively traded ETF that focuses on disruptive technologies.
Catherine Duddy Wood or better known as Cathie Wood is the founder, CEO, and chief investment officer of Ark Invest. Also named as the best stock picker of 2020 by Bloomberg News, Cathie Wood manages the world's largest actively traded ETF that focuses on disruptive technologies.
CREDITS:
ARK Invest
Keeping At IT | ITK with Cathie Wood
https://youtu.be/oe1BnQw2JnQ
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SOCIALS
Twitter: https://twitter.com/JaminTree
My Instagram: https://www.instagram.com/jamincurrie/
Email: jamin.tree@gmail.com
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⬇ Other Cryptocurrency & Finance Videos For You⬇
► I interview Michael Saylor - Latest Interview on Bitcoin, Ethereum, Hyper Inflation & UFO’s (2021)
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► Ethereum Supercycle! $20,000 Price Target - Should you buy Ethereum? ETH Price Prediction (MAY 2021)
https://youtu.be/7_5gMiklvGg
► Realistic Ethereum Price Prediction (2021) - ARK invest Quant Analyst REVEALS why ETH can hit $40000
https://youtu.be/SEkHjQLphtM
#Recession #Inflation #Investing
Ark Invest CEO Cathie Wood and Wharton School of Business professor Jeremy Siegel both agree that we're already in the middle of a recession.
While recession warnings have been piling up in recent weeks, most of them have a timeline of one or two years in the future. But in separate appearances on CNBC Tuesday, Wood and Siegel said it is happening now, while inflation is showing signs of easing.
"We think we are in a recession, and we think a really big problem out there is inventories — the increase of which I've never seen this large in my career," Wood said.
She pointed to retail giants like Target and Walmart, which typically have well managed supply chains but have warned recently they are struggling with high inventories, indicating the size and scope of the problem is bigger throughout the sector.
To offload excess inventories, retailers will have to cut prices. And Wood reiterated her view that the current period of high inflation will set up the economy for deflation, or falling prices.
About Cathie Wood:
Catherine Duddy Wood or better known as Cathie Wood is the founder, CEO, and chief investment officer of Ark Invest. Also named as the best stock picker of 2020 by Bloomberg News, Cathie Wood manages the world's largest actively traded ETF that focuses on disruptive technologies.
Catherine Duddy Wood or better known as Cathie Wood is the founder, CEO, and chief investment officer of Ark Invest. Also named as the best stock picker of 2020 by Bloomberg News, Cathie Wood manages the world's largest actively traded ETF that focuses on disruptive technologies.
CREDITS:
ARK Invest
Keeping At IT | ITK with Cathie Wood
https://youtu.be/oe1BnQw2JnQ
-----------------------------------------------------------------------------------------------------------------------
SOCIALS
Twitter: https://twitter.com/JaminTree
My Instagram: https://www.instagram.com/jamincurrie/
Email: jamin.tree@gmail.com
-----------------------------------------------------------------------------------------------------------------------
⬇ Other Cryptocurrency & Finance Videos For You⬇
► I interview Michael Saylor - Latest Interview on Bitcoin, Ethereum, Hyper Inflation & UFO’s (2021)
https://youtu.be/knx-HhEgzJc
► Michael Saylor: My WARNING about Ethereum | Michael Saylor on ETH 2.0 & Ethereum Price Prediction
https://youtu.be/1-tEILPjBQk
► Ethereum Supercycle! $20,000 Price Target - Should you buy Ethereum? ETH Price Prediction (MAY 2021)
https://youtu.be/7_5gMiklvGg
► Realistic Ethereum Price Prediction (2021) - ARK invest Quant Analyst REVEALS why ETH can hit $40000
https://youtu.be/SEkHjQLphtM
#Recession #Inflation #Investing
