"I'm very protective of my Catholic would. And I don't like you to be in the middle of a debate and be slurs and slams," he said. "When you look at Silicon Valley Bank, let me try to describe it to you in a different way": The bank had been in the zero interest rate world for a long, long, long,. long, long time. They were struggling to get yield. What they did was they went out further and further on the maturity of government bonds ... It flipped them upside down."
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