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.
If riding a bucking bronco is your idea of fun, you’re going to love what the stock market has in store. Consider this past week’s ride a preview.The week’s action didn’t look like much, if you didn’t know better. The Dow Jones Industrial Average rose 213.12 points or 0.6%, while the S&P 500 advanced 0.5%, and the Nasdaq Composite ended little changed.
At a time when the Indian stock market is peaking and has rallied immensely compared to global markets, there are companies that have not performed in the last 10 years. These are definitely a minor portion of the market considering there are hundreds of stocks that have turned multibagger since 2020. What went wrong with these stocks? Reasons vary from corporate governance, sectoral weakness, company specific and so on. But the more important question is, are these stocks worth buying?
