Higher demand and reduced supply could be drivers for higher reads on inflation. Another reason? Simple math. Consider, for example, if prices increase by 30%. But what if prices fell by 30% before? Would that mean prices are back up to where they were? Percentages don’t tell the whole story, which is why looking at price levels can be just as important as looking at inflation rates. Economists refer to the distortions in relative price changes as “base effects.” What are base… Source link
Read More »SOS Limited Responds to Misleading “Short and Distort” Allegations
QINGDAO, China, March 1, 2021 /PRNewswire/ — SOS Limited (NYSE: SOS) (the “Company” or “SOS”) was recently attacked by short sellers with distorted, misleading, and unsubstantiated claims regarding the Company. The Company also believes certain social media accounts of some Company board members may have been impersonated or disabled for short periods of time. The Company believes these attacks were purposefully designed to manipulate the price of the Company’s shares, with the aim of… Source link
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