Business

Huge Controversy Over Threat to the Global Economy

Arc Investment Management’s founding president, Cathy Wood, said the new technologies will help “bend the inflation curve despite recent supply chain bottlenecks related to the COVID-19 virus and oil supply constraints.”

Wood commented on Twitter that artificial intelligence, electric vehicles, robotics, genetic sequencing and blockchain technology are among the phenomena that will help ease price pressures

She was responding to a tweet from Tesla CEO Elon Musk about “strong short-term inflationary pressures.”

Musk, in turn, was commenting on an earlier thread from Wood arguing that recent price pressures “can be overcome through three sources of deflation”.

“I don’t know what will happen in the long term, but in the short term we see strong inflationary pressures,” Musk wrote

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