Cathie Wood: This Hasn't Happened Since Before The Depression | In The Know

The current technology revolution is poised to significantly accelerate global real GDP growth, potentially mirroring the five-fold increase observed during the Industrial Revolution. Five primary innovation platforms—AI, robotics, energy storage, blockchain, and multi-omics—are driving this shift, creating substantial productivity gains that act as a powerful force against inflation. While headline inflation measures remain elevated, technological deflation and increased supply in energy markets suggest a downward trajectory for prices. The yield curve’s recent inversion reflects a return to historical norms where long-term rates account for deflationary pressures rather than recessionary fears. Despite concerns over national debt and fiscal deficits, the U.S. economy maintains resilience through robust employment and corporate investment. This environment favors a shift toward innovation-led growth, with capital increasingly attracted to the U.S. market as returns on invested capital rise relative to global peers.