Cathie Wood says she buys stocks because Jesus directly tells her to. May not be the best person to be listening to.
Then again, I've heard Jesus has out performed the market recently.
Re:Disinflation Begins
by WheelsAtLarge on Friday July 01, 2022 @08:58PM
(#31954951)
She's religious ,one of many wallstreet types, but I don't think she has ever said that Jesus picks her stocks.
I hope not. Because that would be ignoring the story of Jesus overturning the tables in a fit of rage because people were gambling instead of worshipping.
That story is more an admonition against churches making money or exploiting the poor. The modern target would probably be corrupt megachurches.
The Bible has many other sections focused on telling the rich to stop spending so much time getting rich though.
Re:Disinflation Begins
by doggwalker on Saturday July 02, 2022 @10:39AM
(#31959367)
Tell that to Sri Lanka, Sudan, Iran, Turkey, Argentina, Nigeria, Pakistan, Laos, on and on.
The idea the real danger is disinflation here is as ridiculous an economic statement as I have ever read when so many of the countries in the world are facing economic collapse from inflation.
Cathie Wood/ARK is the 2020s version of Janus funds.
She will slowly fade away into obscurity from here.
Janus is still around too but no one cares.
High Inflation or Disinflation are both dangerous to the economy. The FED needs to walk a very fine line to make sure they don't over do it.