The United States is teetering on the edge of another Great Depression, ARK Invest’s Cathie Wood warns, and the Federal Reserve will take the blame if it does.
It is not the absolute increase in Fed rate hikes that poses the danger, since it remains within historic norms. Rather it is the extremely rapid pace that threatens to completely derail the economy and end the “Roaring Twenties” period of prosperity forecast by the celebrated tech investor.
