The Credit-Default Swaps Inverted Yield Curve and the Banking Crisis

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I think all of those variables, the credit-default swaps inverted yield curve, were pointing to two mistakes, two mistaken assumptions in the banking system. They made the assumption that we're probably going to be fighting a depression here. And surely interest rates are not going up anytime soon. The second big mistake that Silicon Valley and these other banks made is that deposits would not go down. So deposits are leaving the system, interest rates up 20-fold in one year. I've likened it to the Richter scale. Back then, if you look at 4% over 15, that's 6.5 on a Richter scale in terms of earthquake. If you look at 1% on 4

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.

“It’s not up to congress to allow or not allow crypto. It shouldn’t be.” – Dr. Art Laffer Episode Timestamps