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Citadel CEO Ken Griffin SaysLosses to Meme Stocks and Speculative Assets are Healthy for the Economy

Unusual Whales

Per CNBC

Ken Griffin: "The surge of borrowing and money delivered to households cycled back into speculative assets"

The Citadel CEO gave examples of speculative assets including NFTs, crypto, and meme stocks. Griffin said that now that the trend has passed, people are spending more on travel, going out to eat, and other consumer products which is healthy for the economy.

Ken Griffin: "Money misallocation in speculative assets doesn't create jobs in the long run."

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