Resisting Recession with Cathie Wood
FYI - For Your Innovation
00:00
Is There a Recession Because of Inventory Build Up?
We're in a recession because inventories are piling up. And they'll have to clear the inventories with discounts. We believe that tesles capital spending will surpass theirs in less than a year, because we believe it's going to announce another plant soon. If the macro indicators are any indication, we've got, on both the wholesale and the retail level, month to month increases in the one and a half to two % range.
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