Cathie Woods thinks that the Fed should improve new policies.
The Ark Invest points towards situations similar to the Great Depression.
The Great Depression remains the worst economic downturn in history.
Fed Needs to Work on The Policies
This year has already proven as disastrous as it could be for the crypto sector as well as the global economy, but who knows the future. Cathie Woods, CEO of Ark Invest, thinks that the Federal Reserve needs to improve the current economic setup. It can result in a situation similar to The Great Depression in 1929, and Tesla CEO Elon Musk agrees with it.
She posted a Twitter thread where she explains that if inflation is ending, then we may be entering a new era similar to the ‘Roaring Twenties’. She says that this era is identical concerning the emergence of new technologies like electricity, combustion engine and telephone.
The world suffered from the Spanish Flu and World War I before getting into the worst economic downturn in history. The eve
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