The real reason inflation is transitory - Tim Ghriskey on 'technological deflation'

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.…

Inflation surges to highest level in 30 years, Biden is about to press ‘panic button’ – Steve Hanke

Inflation surges to highest level in 30 years, Biden is about to press ‘panic button’ – Steve Hanke

Inflation surges to the highest level in 30 years, with headline CPI at 6.2% and core CPI at 4.6%. Steve Hanke, professor of applied economics at Johns Hopkins University, discusses with David Lin, anchor for Kitco News, the implications for…

End of bull market? Labor market is heating up, brace for higher wages, inflation - Jim Awad

End of bull market? Labor market is heating up, brace for higher wages, inflation – Jim Awad

Nonfarm payrolls grew at 531,000 in October, more than the consensus estimate of 450,000. The unemployment rate has fallen to 4.6%, down from 4.8% the previous month. Jim Awad, senior managing director of Clearstead Advisors said that a recovering labor…

Twitter CEO Jack Dorsey predicts hyperinflation, is he right? Steve Hanke responds

Twitter CEO Jack Dorsey predicts hyperinflation, is he right? Steve Hanke responds

Jack Dorsey, CEO of Twitter, recently Tweeted that “Hyperinflation is going to change everything. It’s happening.” Steve Hanke, professor of applied economics at Johns Hopkins University, responds. Follow David Lin on Twitter: @davidlin_TV (https://twitter.com/davidlin_TV) Follow Kitco News on Twitter: @KitcoNewsNOW…

Q3 GDP missed expectations; 'At some point, there will be a lot of turmoil' - Peter Berezin

Q3 GDP missed expectations; ‘At some point, there will be a lot of turmoil’ – Peter Berezin

Real gross domestic product (GDP) increased 2.0% on an annual basis in the third quarter. Stagflation should now be a risk on investors’ minds, said Peter Berezin, chief global strategist at BCA Research. Follow David Lin on Twitter: @davidlin_TV (https://twitter.com/davidlin_TV)…

Inflation returns to 13-year high, stocks overdue for ‘fairly significant drawdown’ - Ted Oakley

Inflation returns to 13-year high, stocks overdue for ‘fairly significant drawdown’ – Ted Oakley

Headline CPI inflation is now back at 5.4%, up from 5.3% in August, according to data released Wednesday. Ted Oakley, founder and partner of Oxbow Advisors, told David Lin, anchor for Kitco News, that a diversity of hard assets is…

SEC's Gensler: 'A lot of people will get hurt' if crypto remains outside of policy framework

SEC’s Gensler: ‘A lot of people will get hurt’ if crypto remains outside of policy framework

If crypto exchanges and lending platforms are not brought inside the policy framework, “a lot of people will get hurt,” U.S. Securities and Exchange Commission Chair Gary Gensler testified before the House Financial Services Committee. “If we don’t get these…

Powell: Fed has 'no intention to ban' cryptocurrencies

Powell: Fed has ‘no intention to ban’ cryptocurrencies

Federal Reserve Chair Jerome Powell told U.S. lawmakers that the Fed has “no intention to ban” cryptocurrencies. During his testimony before the House Committee on Financial Services, Powell was asked to clarify his July comment that one of the stronger…

Global economy recovery still on track, inflation spike remains transitory – Central Bankers

Global economy recovery still on track, inflation spike remains transitory – Central Bankers

Central bankers speaking at the ECB Forum on Central Banking remain optimistic that the global economy will be back on track by the end of this year or early 2022. However, they also recognize that constraints in the global supply…

Will the U.S. default on debt in October? Impact on gold, silver price – Gary Wagner

Will the U.S. default on debt in October? Impact on gold, silver price – Gary Wagner

Gary Wagner, editor of TheGoldForecast.com, discusses with David Lin, anchor for Kitco News, the primary drivers behind the gold and silver price, and the likelihood of a U.S. debt default this year. Follow David Lin on Twitter: @davidlin_TV (https://twitter.com/davidlin_TV) Follow…

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