Ark Investment Management CEO, Cathie Wood has expressed her concerns about the possibility of a hard landing for the economy. According to her, the velocity of money is slowing down amid the banking crisis, which could lead to a significant economic downturn.
Speaking at a recent event, Wood indicated that she believes there are serious issues with liquidity and credit. She also noted that while many investors have been bullish on the economy in recent months, most have failed to consider these underlying problems.
Wood's comments come at a time when many experts are warning about an impending recession. Despite this, the Federal Reserve remains optimistic about the state of the economy and has continued to hold interest rates steady.
However, Wood argues that this optimism is misplaced and suggests that policymakers need to take immediate action before it's too late. Without intervention from government leaders or central banks around the world, she warns it may be difficult for economies to recover from such a hard landing.
While some analysts may disagree with Wood's assessment of current market conditions and potential risks facing investors today - others agree that there are reasons for concern. Regardless of where you stand on this issue though one thing seems clear: understanding these risks is essential if we hope to avoid another devastating financial crisis like what we saw in 2008.