5 September 2026
“We have to go back to the Industrial Revolution to understand what’s going on today.” Global real gross domestic product (GDP) growth has averaged 3% for 125 years. The International Monetary Fund (IMF) expects 3.1% again. ARK CEO and CIO Cathie Wood thinks it at least doubles and says the 10% to 15% Elon Musk has cited is within reach. In this month’s “In The Know,” Cathie connects the Industrial Revolution to today’s technology revolution. She explains why the yield curve was inverted more than 60% of the time before the Depression and could invert again, what Fed (Federal Reserve) Chairman Kevin Warsh's Jackson Hole speech reveals about which inflation gauge actually matters, and why Abu Dhabi leaving Organization of the Petroleum Exporting Countries (OPEC) could send oil back toward $30. Plus: a 162,000 payroll surprise and Bitcoin finally breaking out against gold. Key Points: 00:00:00 The Industrial Revolution Is Happening Again 00:02:45 125 Years Of 3% Growth. That's Ending. 00:04:30 Five Innovation Platforms, Not Three 00:07:30 Nominal GDP Is Breaking Out 00:12:15 Before The Depression, Inversion Was Normal 00:19:15 $40 Trillion In Debt. Time To Panic? 00:25:20 Warsh's Inflation Number 00:28:40 Abu Dhabi Leaves OPEC. Oil Peaks. 00:33:35 Gold Peaked The Day Trump Nominated Warsh 00:37:20 Employment Friday Delivered 00:42:35 The AI Capex Breakout 00:46:30 Bitcoin Breaks Out Against Gold To learn more about ARK: https://arkinv.st/ARKInvest
