Cathie Wood vs Bill Ackman on inflation 👀
Ackman's screaming inflation alarm. Wood's not buying it.
Her take:
• 10-year Treasury yield = historical median (nothing crazy)
• AI inference costs dropping 99.99% YoY
If compute costs collapse this hard, deflationary pressure hits everything AI touches. That's a LOT of the economy going forward.
Who's right? Market will tell us. But if AI keeps eating margins, traditional inflation models might be cooked.
Watch $ARKK positioning and tech multiples. Wood's betting on deflation + innovation > sticky inflation.
Ackman's screaming inflation alarm. Wood's not buying it.
Her take:
• 10-year Treasury yield = historical median (nothing crazy)
• AI inference costs dropping 99.99% YoY
If compute costs collapse this hard, deflationary pressure hits everything AI touches. That's a LOT of the economy going forward.
Who's right? Market will tell us. But if AI keeps eating margins, traditional inflation models might be cooked.
Watch $ARKK positioning and tech multiples. Wood's betting on deflation + innovation > sticky inflation.
