The rate at which money turns over comes down. We certainly, we saw it crash during COVID, right? And what's interesting, we're watching velocity very carefully and if you look quarter to quarter, it is starting to tip down again. In order for PQ to remain up, I think it is about 5.5% for the first quarter. That V will have to increase, not decrease.
On this episode of For Your Innovation, we wanted to highlight last week’s special edition of “In the Know,” a monthly video series featuring ARK CEO/CIO, Cathie Wood. In this special episode, Cathie is joined by her mentor, former professor, and advisor to ARK Investment Management LLC, Dr. Art Laffer. Famous for the Laffer Curve, Art is an economist and was named one of Time’s Greatest Minds of the 20th Century.
Together, Cathie and Art dive into the recent banking crisis and the world of cryptoassets.
We hope you find this monthly series useful, especially during periods of heightened volatility. Stay Healthy. Stay Innovative.
Episode Timestamps
- 1:45 – Intro
- 2:31 – Banking Crisis
- 35:30 – Crypto