Inflation is raging and the Fed appears to be paralyzed—afraid to act decisively against inflation for fear of the consequences. As a result the Fed is talking a tough anti-inflation line, threatening interest rate hikes “at the appropriate time”, but continuing the easy money regime that was put in place with the Bush - Obama bailout of Big Money.
This chip shortage brings to mind the predicament Japan was in during the 1930s. Recall that Japan was highly vulnerable when the US cut off oil exports to Japan in the late 30s over Japanese aggression in Asia. It may be that computer chips are the oil of the 20s and the US finds itself vulnerable. In excess of 60% of chips come from Asia and China can dramatically reduce our access in a way that could be crippling.
On the bright side, without computer chips the Criminal Cartel's surveillance state crumbles so come on Taiwan invasion!
With a 45 mile long Canadian truck convoy converging on Ottawa in protest of the vax mandate and 50% of U.S. truckers refusing the vax, there can't be much being hauled across the U.S. & Canadian border at the moment... Just my thoughts.
This chip shortage brings to mind the predicament Japan was in during the 1930s. Recall that Japan was highly vulnerable when the US cut off oil exports to Japan in the late 30s over Japanese aggression in Asia. It may be that computer chips are the oil of the 20s and the US finds itself vulnerable. In excess of 60% of chips come from Asia and China can dramatically reduce our access in a way that could be crippling.
On the bright side, without computer chips the Criminal Cartel's surveillance state crumbles so come on Taiwan invasion!
Fab capacity should get better later this year. A new fab is opening in Taiwan and others expanding. It takes 2-3 years for a fab to come online.
Check the newest post.
With a 45 mile long Canadian truck convoy converging on Ottawa in protest of the vax mandate and 50% of U.S. truckers refusing the vax, there can't be much being hauled across the U.S. & Canadian border at the moment... Just my thoughts.