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 […]
Rivian hitting the stock market soon
2021-11-03 18:17:57 NORMAL, Ill. (WMBD) — Electric vehicle maker Rivian looking to soon trade on Wall Street. The company that operates a manufacturing plant in Normal is looking to go public with its initial public offering as soon as next week. Rivian’s initial public offering or IPO is estimated to be somewhere between $57 and […]