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FOX Company host Stuart Varney breaks down 'standard economics' as the auto sector sees enormous need for made use of cars and trucks..
. STUART VARNEY: So what's taking place right here?
It's rather direct: the pandemic lock down as well as the chip scarcity reduced the manufacturing of brand-new cars. So utilized automobiles were much popular. Consumers had the money to bid rates up. And that's what happened.
It's a standard economic lesson: cut supply, raise demand with government handouts and money printing, and costs rise. It's the same with energy, it coincides with food. It's a lesson the White Home, the Congress and also the Federal Get actually have to find out.
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Stuart Varney: Inflation pops up in the most unexpected places
FOX Business host Stuart Varney breaks down 'basic economics' as the car industry sees massive demand for used cars.
...
STUART VARNEY: So what's going on here?
It’s fairly straight forward: the pandemic lock down and the chip shortage cut the production of new cars. So used cars were much in demand. Consumers had the money to bid prices up. And that’s what happened.
It’s a basic economic lesson: cut supply, raise demand with government handouts and money printing, and prices go up. It's the same with energy, it's the same with food. It's a lesson the White House, the Congress and the Federal Reserve really have to learn.
...
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FOX Business Network (FBN) is a financial news channel delivering real-time information across all platforms that impact both Main Street and Wall Street. Headquartered in New York — the business capital of the world — FBN launched in October 2007 and is one of the leading business networks on television, having topped CNBC in Business Day viewers for the second consecutive year in 2018. The network is available in nearly 80 million homes in all markets across the United States. Owned by FOX Corporation, FBN is a unit of FOX News Media and has bureaus in Chicago, Los Angeles, and Washington, D.C.
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