While other investors worry about the US slipping into recession next year, ARK Investment Management founder Cathie Wood thinks the recession is already here – and could last well into 2023. “We believe we are already in a fairly significant inventory downturn, however we do not believe it will be anything remotely similar to the […]
Tag: Deflation
Turkish Lira ‘Slumps’ Slowly and Steadily – Foreign Exchange Reserves Running Out
The Turkish lira fell again on Monday, maintaining a slow slide towards 18 against the dollar, as concerns over the government’s exchange rate policy intensified in the face of rising inflation and fears of a global recession. The slow devaluation could continue unless Turkish authorities and more specifically Turkish President Recep Tayyip Erdogan and Turkish […]
Cathie Wood: Corporate over-concentration indicates inflation will ‘deflate’
Cathie Wood said that the huge reserves that US companies have amassed indicate that inflation will soon begin to de-escalate. “I have never seen stockpiling this amount in my career and I have been in the market for a long time,” the head of Ark Investment Management said in an interview with Bloomberg Television on […]
Ch. Staikouras: Convergence in the EU for the change of fiscal rules
The belief that we are moving towards softer fiscal rules with convergence of the North with the South within the EU was expressed by the Minister of Finance Mr. Christos Staikouras from the Delphi Economic Forum. Mr. Staikouras noted the recent common positions of the Netherlands and Spain on streamlining fiscal rules, stressing that as […]
Bank of Spain official says the ECB must act in December to avoid deflation risks
The European Central Bank (ECB) is due to announce a further easing of monetary policy in December to avoid the risk of deflation in the euro zoneOscar Arce, chief economist at the Spanish central bank, said in an interview in Madrid on Tuesday night. Key Comments (via Bloomberg): “We know that to ensure that risk […]