Cathie Wood
@CathieDWood · Nov 12, 2022
If the Fed does not pivot, the set-up will be more like 1929. The Fed raised rates in 1929 to squelch financial speculation and then, in 1930, Congress passed Smoot-Hawley, putting 50%+ tariffs on more than 20,000 goods and pushing the global economy into the Great Depression.
Elon Musk
@elonmusk
Exactly
11:13 PM · November 12, 2022 · 0 views
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