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IPFS News Link • Economy - Economics USA

At the Rate We're Running Out of Semiconductors, We May Not Have to Wait...

•, by Robert Wheeler

The United States is heading toward massive economic shocks

America is about to see a drastic rise in the price of consumer goods from food to technology. I've written a great deal about the coming food shortage and the increase in prices for essential items. However, much less attention has been given to the rise in other items.

Specifically: technology.

One potential problem is the cost of semiconductors. Unbeknownst to many Americans, and this is partly why consumer spending is doing as good as it is (though doing terribly), there has been a recent semiconductor price surge. The cost of semiconductors is going to begin showing up in other consumer products. Which will, of course, send shockwaves through the economy as consumer confidence and spending will start to drop even further.