“Everyone Will Be Wiped Out In 30 Days” – Cathie Wood Last WARNING

"Everyone Will Be Wiped Out In 30 Days" - Cathie Wood Last WARNING thumbnail

“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 agree that we are already in the midst of a recession.

Although recession warnings have been increasing in recent weeks, they are only one to two years away. Wood and Siegel, however, stated that it is happening right now while inflation is beginning to ease.

Wood stated that “we think we’re in a recession” and that inventories are a major problem. He said that he has never seen an increase in inventories in his career.

She cited Walmart and Target as examples of retail giants that have good supply chains, but have recently warned they are having trouble with high inventories. This indicates the scale and extent of the problem in the sector.

Retailers will need to reduce prices in order to get rid of excess inventory. Wood reiterated her belief that high inflation is a recipe for deflation or falling prices.

Cathie Wood:

Cathie Wood, better known as Catherine Duddy Wood, is Ark Invest’s founder, CEO and chief investment officer. Cathie Wood, the largest actively traded ETF in the world that focuses exclusively on disruptive technologies, was also named the best stock picker of 2020.

Cathie Wood, better known as Catherine Duddy Wood, is Ark Invest’s founder, CEO and chief investment officer. Cathie Wood, the largest actively traded ETF in the world that focuses exclusively on disruptive technologies, was also named the best stock picker of 2020.

CREDITS:
ARK Invest
ITK with Cathie Wood
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