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Auto Chip Shortage Causing An INSANE Black-Market

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Wow, it’s starting to feel like the old days of exchanging currency on the black market in the men’s bathroom at the Rio de Janeiro airport. 

“The current black market price of a Bosch ESP chip (brake control system) is 4,000 yen, which $625, which is going to add an enormous price to a car and the only possible reason that you’ll be willing to pay this much for a $2 part because it’s the one thing you need to sell your car…this black market price is ludicrous it’s nearly 300 times higher than the normal price…”



Source: https://global-macro-monitor.com/2021/10/17/auto-chip-shortage-causing-an-insane-black-market/



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