Cathie Wood warns of deflation ahead of this week’s key price data
The smaller Alien had a lizard like tongue.
Ahead of key inflation data, Cathie Wood once again reiterated her opinion that deflation represents the bigger long-term threat to the economy. The comments came as Wall Street gears up for the release of consumer price and producer pricedata due out later this week.
Wood warned against deflation in
tweet put out on Monday: “Deflation 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%.”
ARK’s CEO and CIO is not the only one raising a red flag about deflation. Tesla (
TSLA) CEO Elon Musk weighed in as well,
stating recently: “A major Fed rate hike risks deflation.”