The Fed Made a ‘Big Mistake’ and Could Push the Economy into the ‘Great Depression’ – Ark’s Cathie Wood
(Kitco News) The Federal Reserve ignores deflationary signals in the economy. And its hefty rate hikes could push the economy into something akin to the Great Depression, said Ark Invest CEO Cathie Wood. Deflation signals are already strong and the pattern resembles that of the Roaring Twenties a hundred years ago. “Before the Roaring Twenties, …