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"This Is Crazy" - FTC Chair Responds To Soaring Chip Costs, Floats Possible Antitrust Action
"This Is Crazy" - FTC Chair Responds To Soaring Chip Costs, Floats Possible Antitrust Action
We’ve covered soaring “chipflation” for months and the trend does not seem to be abating. Nvidia is reportedly informing its largest customers to expect price hikes of at least 15% for next year, possibly to set expectations of a still larger move upward… and meanwhile the semi component in the PPI looks like a 2021 memecoin:
All this has earned the attention of FTC Chair Andrew Ferguson, who apparently enjoys building his own personal computers. In...
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New Home Sales Collapsed In July As Consumer Confidence Hit 7-Month Lows
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The Conference Board's measure of Americans' Consumer Confidence fell from a revised-lower 90.2 to 89.4 in August (below the 90.2 exp) - the lowest since January.
Interestingly, under the hood, we saw Expectations plunge to January lows while Present Situation spiked from 5 year lows...
“Consumer confidence moderated slightly in August for a second consecutive month,” said Dana M Peterson, Chief Economist, The Conference Board.
“The Expectations Index slipped further into negative territory, which was offset by a moderate rise in...
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