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Headline CPI rising cost of living rose to 6.2% in October, the highest level because 1990. However, prices are unlikely to stay raised for life, as technological developments will certainly create an extra inexpensive economic climate, said Tim Ghriskey, senior profile strategist at Ingalls and Snyder.
" We're in this technological revolution. I assume it's above the commercial revolution from over a century earlier. The technology continues, and we're mosting likely to just continue to see expenses come out of companies, and also firms being run much more efficiently," Ghriskey told David Lin, anchor for Kitco Information. "I assume that technological deflationary element is significant and going to proceed."
0:00 – Rising cost of living
6:25 – Depreciation
8:40 – Technology disruptions
12:00 – Electric cars
17:40 – Property allotment
21:00 – Gold
#inflation #Rivian #Tesla
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The real reason inflation is transitory - Tim Ghriskey on 'technological deflation'
Headline CPI inflation surged to 6.2% in October, the highest level since 1990. However, prices are unlikely to stay elevated forever, as technological innovations will create a more cost-efficient economy, said Tim Ghriskey, senior portfolio strategist at Ingalls and Snyder.
"We're in this technological revolution. I think it’s greater than the industrial revolution from over a century ago. The innovation continues, and we’re going to just continue to see costs come out of companies, and companies being run more efficiently,” Ghriskey told David Lin, anchor for Kitco News. “I think that technological deflationary factor is huge and going to continue.”
0:00 - Inflation
6:25 - Deflation
8:40 - Tech disruptions
12:00 - Electric vehicles
17:40 - Asset allocation
21:00 - Gold
#inflation #Rivian #Tesla
__________________________________________________________________
Kitco News is the world’s #1 source of metals market information. Our videos feature interviews with prominent industry figures to bring you market-affecting insights, with the goal of helping people make informed investment decisions.
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