Ark's Cathie Wood Says U.S. Set Up for 'Massive' Deflation

The video discusses inflation and market volatility, highlighting the influence of Art Laffer. It examines consumer behavior during COVID-19, noting increased spending on goods. The speaker predicts deflation due to order cancellations and technological innovation, which will disrupt traditional companies. Technological advances like AI and DNA sequencing are seen as deflationary forces, while companies not investing in innovation may face challenges.

What economic concept did Art Laffer contribute to that is mentioned in the video?

• Demand-side economics

• Supply-side economics

• Monetarism

• Keynesian economics

What is one reason businesses are experiencing deflation according to the video?

• Increased consumer spending on services

• Over-ordering and subsequent cancellation of orders

• Decreased demand for durable goods

• Rising commodity prices

What is a characteristic of 'good deflation' as described in the video?

• It is caused by reduced consumer spending

• It results from economic downturns

• It is driven by technological innovation

• It leads to increased unemployment

Which technology is NOT mentioned as a driver of 'good deflation'?

• Blockchain

• Artificial intelligence

• DNA sequencing

• Quantum computing

What is a potential consequence for companies that fail to innovate according to the video?

• They will gain market share

• They will face increased competition

• They will experience higher profits

• They may lose their businesses