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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