https://www.youtube.com/watch?v=v3az_Z3E0MY


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When I hear Cathie Wood attributing OUR WOES like inflation to a supply shock + supply chain problem is TO COMPLETELY "MISREAD" THE SITUATION when it is TOTALLY A DEMAND SIDE PROBLEM BECAUSE PEOPLE ARE SPENDING LESS DUE TO JOB LOSS.

However, she is SO RIGHT to say we are in A DEFLATION SCENARIO as prices continue their downward trajectory.

When you have DEFLATION, you're in A RECESSION: SHOULD THAT RECESSION "persist", and it will, because people have less + less discretionary income to spend, THEN, that becomes A DEPRESSION. 

It's all A MATTER OF SEVERITY.

TO NOT ADMIT THAT WE'VE BEEN IN A RECESSION FOR SOME TIME (supposedly, because that will make things worse) is JUST SILLY.

THE PROBLEM IS ON THE DEMAND SIDE (NOT THE SUPPLY SIDE - which is the INCORRECT MEDIA TAKE ON THINGS).

For Cathie Wood NOT TO BE ABLE to figure that out, is for me, VERY SCARY!

STILL "after" the FTX debacle, she claims that THE VALUE of Bitcoin will reach $1,000,000.

Is this Lady completely OUT OF HER MIND?

Where I come from, the Hearst area in Northern Ontario, we'd say: "Wake up and die right!" (Ha! Ha!)
Ken, Toronto, CANADA