Peter Schiff: Dollar Decline Means Lower Inflation Is Transitory
The decline in the US dollar's purchasing power on international markets suggests that inflation may not be as under control as the mainstream perspective suggests, according to economist Peter Schiff. The dollar index fell below 100 for the first time and hit its lowest level since April 2022 last week. Schiff argues that the drop in the Consumer Price Index (CPI) has primarily been driven by the strength of the dollar, which acts as a tightening mechanism. However, as the dollar weakens, it could lead to a revival of price inflation, meaning the recent cooling in CPI may be transitory.
Peter Schiff: Dollar Decline Means Lower Inflation Is Transitory
The decline in the US dollar's purchasing power on international markets suggests that inflation may not be as under control as the mainstream perspective suggests, according to economist Peter Schiff. The dollar index fell below 100 for the first time and hit its lowest level since April 2022 last week. Schiff argues that the drop in the Consumer Price Index (CPI) has primarily been driven by the strength of the dollar, which acts as a tightening mechanism. However, as the dollar weakens, it could lead to a revival of price inflation, meaning the recent cooling in CPI may be transitory.
That strategy is the acquisition of a value-priced company by a growth company. Using the growth company's higher-priced stock for the acquisition can produce outsized revenue and earnings growth. Even better is the use of cash, particularly in a growth period when financial aggressiveness is accepted and even positively viewed.he key public rationale behind this strategy is synergy - the 1+1=3 view. In many cases, synergy does occur and is valuable. However, in other cases, particularly as the strategy gains popularity, it doesn't. Joining two different organizations, workforces and cultures is a challenge. Simply putting two separate organizations together necessarily creates disruptions and conflicts that can undermine both operations.
Telegram is riding high, adding tens of million of users this year. Now the bill is coming due.Telegram is one of the few significant social-media challengers to Facebook Inc., FB -1.90% on a trajectory toward one billion users active each month by the end of 2022, up from roughly 550 million today.
