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Cathie Wood, the founder of Ark Invest and a money manager, slammed the Federal Reserve after it increased interest rates by 75 basis points and claimed that the United States was already in a recession. Interesting, right? The well-known investor has had a difficult 2022 due to rising interest rates as her favorite disruptive technology companies are among the greatest losers this year. Nevertheless, Wood claimed that most of her clients remain with her, and new funding is coming in as investors seek diversification in a bear market. More than $180 million was invested in ARKK in June. Before we discuss the massive recession around the corner, we will look at the events building up this disaster. Don't forget to like this video. Please share it with others and subscribe to our channel. Your support means everything to us! Watch this video till the end and find out if we are in deep economic trouble or is there, maybe, a silver lining? Welcome To Kim Academy! Want to support our channel? Subscribe! https://www.youtube.com/channel/UCfe4P2uxpP1Q9_XgxESWehg/ DISCLAIMER: This video is for educational purposes only, results are not typical. There is no guarantee that these techniques and ideas will benefit you. Your level of success in attaining results claimed in this video will require hard work, experience, and knowledge. I am only sharing my biased opinion based off my personal experiences. You should always do your own research before making any drastic decisions. We have taken reasonable steps to ensure that the information in this video are accurate, but we cannot account for any changes/updates that may occur after the publishing of this video. Any links in the description are likely affiliate links which means if you click on a product link and make a purchase we receive a small commission. This helps support this channel and future content