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by confoundedinterest17
Attempting to outlive excessive inflation is troublesome, however surviving The Federal Reserve’s counterattack to inflation is much more troublesome.
Two individuals who always seem within the enterprise are ARK’s Cathie Wooden and TSLA’s Elon Musk. A 3rd we will add is Sam Bankman-Fried of FTX and Alameda Analysis infamy.
So which one was the perfect at surviving inflation and The Fed’s counterattack? Reply? None of them.
Because the identical day final 12 months, we’ve got seen M2 Cash progress plunge and The Fed Funds Goal price rise quickly from 25 foundation factors to 4.50%, a speedy improve. However over the past 12 months, Cathie Wooden and ARK fell -68.4%, Elon Musk’s Telsa fell -68.9% and Bitcoin fell -65.1%
So, ARK, Tesla and Bitcoin have been demolished in 2022 because of inflation and The Fed’s counterattack. However the NASDAQ index was down too, however solely -35.2% YoY.
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