Cathie Wood Tells Jack Dorsey Deflationary Forces Will Eclipse Supply-Chain Havoc
- Wood says longer term and cyclical factors will curb inflation
- She was responding after a Jack Dorsey tweet on hyperinflation
Cathie Wood
Photographer: Alex Flynn/Bloomberg
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Deflationary forces will overcome the supply-chain induced price pressures buffeting the world economy, Ark Investment Management LLC founder Cathie Wood said in a tweet after a Jack Dorsey post on hyperinflation.
“Three sources of deflation will overcome the supply chain-induced inflation that is wreaking havoc on the global economy,” Wood said in a thread Monday. She was replying to an Oct. 23 post from Twitter Inc. chief executive Dorsey proclaiming hyperinflation “is going to change everything” and is “happening.”