Cathie Wood

Cathy, non possiamo aspettare di avere te qui a Milano.

Grazie.

Beh, mi aspetto di tornare a visitare Milano e l'Italia in generale.

Grazie mille.

Grazie a te, Silvia.

I think we're going to start talking about deflation more and more, and I believe interest rates are going to come down more than people expect until this productivity driven boom is obvious.

So it's a risk and an opportunity.

So there's bad deflation and good deflation.

If you look at the government measures, they will tell you today we're kind of stuck in this 2% to 3% range.

If you look at a more modern indicator, Truflation, I think you feature it as well.

I don't know if I should call you Pomp or Anthony, but anyway.

Call me a Kathy fanboy.

Oh, you're funny.

Thank you.

So, truflation is down to 0.8%.

And so it, too, was stuck in that 2% to 3% range.

It is resolving to the downside.

And I think it's going to go negative.

When I see Pepsi cutting the price of potato chips and Doritos by 15%, I take note.

And when I hear Coke saying, yeah, it seems like there's a bit of a backlash against price increases,