Friday, January 28, 2022

Two shortages having a profound effect

Michael Snyder writes,
This was supposed to be the year that things “got back to normal”, but here we are at the end of January and things have only gotten worse. As we move forward into February and beyond, there are two key global shortages that we are going to want to keep a very close eye on. One of them is the rapidly growing fertilizer shortage. A few days ago, the Wall Street Journal ominously warned that “high fertilizer prices are weighing on farmers across the developing world”…
Snyder also writes, We should have never become so dependent on chip production in Asia. Today, Taiwan accounts for a whopping 63 percent of all computer chip production in the world…
So what is going to happen to our economy if China invades Taiwan and our main supply of computer chips gets completely cut off?
Read more here: Hat tip 90 Miles from Tyranny

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