ARK’s Cathie Wood: ‘We Think We Are in a Recession’

ARK Invest CEO Cathie Wood said Tuesday that the U.S. is already in an economic downturn, and she admitted that she underestimated the endurance of inflation.

“We think we are in a recession,” Wood said Tuesday on CNBC’s influential morning news show, “Squawk Box.” “We think a big problem out there is inventories …  the increase of which I’ve never seen this large in my career. I’ve been around for 45 years.”

Wood said inflation, which is at 8.6% annually, is worse than she had expected, owing to supply-chain disruptions and the Russia-Ukraine war.

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Eastern Kentucky Flood Relief with Mission of Hope

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Over the last few weeks Eastern Kentucky has experienced record flooding causing destruction and tragedy. Mission of Hope has connected with Alice Lloyd College to help support flood victims and those in need. From us here at WIVK 107.7, 99.1 The Sports Animal, and Newstalk 98.7 we kindly ask that you consider donating to Mission…

Smoky Mountain Air Show

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