While the re-election of President Obama is seen good news for green tech companies, whether the government will increase its financial support and successfully push for emission-reduction policies remain to be seen.
It is thus worth noting that there is no cost-push inflation to work against or counter the reduction of demand-pull forces that would intensify inflation.
"Rising crude oil prices may continue to push up the price of gasoline, offsetting any reduction in the fuel taxes, " says a May Congressional Research Service research report.
We expect commoditization of smartphones, reduction in mobile phone input costs, and competition with GSM phones to push down CDMA phone prices further.