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…”
Pingback: Hot Retail Sales Not Supply Chain Positive | Global Macro Monitor