Cathie Wood
@CathieDWood · Sep 17, 2022
Larry Summers seems to be leading the Biden administration astray with his conviction that inflation is intractable, with the ‘70s as his guide. The ‘70s inflation started in 1964 with the Vietnam War and the Great Society and burgeoned for 15 years.
Cathie Wood@CathieDWood· Sep 12, 2022Deflation in the pipeline, heading for the PPI, CPI, PCE Deflator: from post-COVID price peaks, lumber -60%, copper -35%, oil -35%, iron ore -60%, DRAM -46%, corn -17%, Baltic freight rates -79%, gold -17%, and silver -39%.
Elon Musk
@elonmusk
Yes, the fundamental error is reasoning by analogy, rather than first principles
03:16 PM · September 19, 2022 · 0 views
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