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| ‘Never seen anything like that,’ market analyst tells Keiser Report about global chip shortage | ‘Never seen anything like that,’ market analyst tells Keiser Report about global chip shortage |
| (about 1 month later) | |
| The semiconductor shortage has been forcing international auto manufacturers to shut production in some countries. The disruption is expected to last for several months, experts say. | The semiconductor shortage has been forcing international auto manufacturers to shut production in some countries. The disruption is expected to last for several months, experts say. |
| Max Keiser interviews Wolf Richter of wolfstreet.com, who has worked for a decade as general manager and COO of a large Ford dealership and its subsidiaries, about the ongoing chip turmoil. | Max Keiser interviews Wolf Richter of wolfstreet.com, who has worked for a decade as general manager and COO of a large Ford dealership and its subsidiaries, about the ongoing chip turmoil. |
| “The semiconductor shortage is a real problem,” says Wolf, adding, “one of the drivers behind it is that we have the sudden boom in durable goods sales in the United States and other countries too.” | “The semiconductor shortage is a real problem,” says Wolf, adding, “one of the drivers behind it is that we have the sudden boom in durable goods sales in the United States and other countries too.” |
| He explains that there’s been a historic spike in durable goods and manufacturers just weren’t ready for it. “This goes up the supply chain, there’s all kinds of problems in shipping now.” | He explains that there’s been a historic spike in durable goods and manufacturers just weren’t ready for it. “This goes up the supply chain, there’s all kinds of problems in shipping now.” |
| “It’s pretty crazy, I’ve never seen anything like that,” Wolf says, pointing out that the semiconductor shortage has hit the car industry particularly hard. | “It’s pretty crazy, I’ve never seen anything like that,” Wolf says, pointing out that the semiconductor shortage has hit the car industry particularly hard. |
| For more stories on economy & finance visit RT's business section | For more stories on economy & finance visit RT's business section |