a chronology of the "Pin-Ball" action, attendant to the advanced chip manufacturing facilities in AZ, as i understand it. Trump's ill-conceived trade war led to many supply chain bottenecks hurting everyone, from the chip mfg, special chip packaging / testing firms and the chip customers in 2021, to avert future suuply chain bottlnecks,TSMC announced its plan to build 2 state-of-the-art foundries in the US, where ~70% of its customers are located. in 2022, Biden signed into law the CHIP Act, which enticed TSMC to entertain the idea of a 3rd foundry in AZ the idea of a possible 3rd foundry means that TSMC will produce chips at scale in 2023, US-based Amkor Technology, a provider of special packaging and testing services for Chips. announced its plan to invest a new facility in Phoenix, AZ in Feb 2024, Amkor Technology received approval from the Peoria, Ariz., City Council on to build an advanced semiconductor packaging and test facility, a $2 billion investment more than 500,000-square-foot, the largest outsourced advanced packaging plant in the U.S, in a multi-phase project that will bring 2,000 jobs to the Arizona community. in 2024, the Biden admin agreed. to divert some of the CHIP Act funding to TSMC, along w a loan
It's crazy how folks don't realize just how huge of a deal this is. If TSMC is able to properly manufacture their <2nm chips here in the usa it will allow us to avoid world war 3 with china as we don't have to protect taiwan no more in the same manner. It's crazy how braindead and stupid most Americans are. This will be one of the most important pieces of news this century. Ignore your braindead morons @Space Ghost
Wall Street is finally saying what I've been saying in this thread for months now. @Space Ghost donks will always be exposed
Dur dur dur I've only been saying debt to gdp needs to get under 100%. The easiest way is to gut the entire medical industry. We can start by clawing back money made from grifters selling over priced goods and services to the medical industry. Sales people in the medical industry should be taken out back. They add zero value to the industry. Their entire earnings should be taken away to pay down medical costs.
You've literally been arguing with me in this thread that lowering interest rates would accelerate inflation cuz of pent up demand. WTF are you talking about? Do you just flip flop depending on the day? You have any positions you actually believe in? You said in this thread that lowering rates would accelerate housing costs. Literally everything I've said in this thread turned out to be true. @adoo wall street finally admitting that if you care about the national debt @Invisible Fan the only logical choice for president is Biden cuz trump would increase it more
like Invisible, you have no idea what ur talking about. what is so magical about the 100% ? it’s about time that you apply yourself to learn about the benefits of having the US dollars being the de-facto reserve currency of the world. ~61% of global trades are settled in US dollars.
It has nothing to do with pent up demand. It has to do with the increase of velocity of money and increase of money supply. Lower interest rates means easier cheaper money which then creates more money thus higher inflation rate.
Magical? Have you ever balanced a check book? Tf you mean what is magical about 100%? If you spend more than you make, it will eventually catch up with you. This number is projected to keep increasing, not decreasing.
thank you for corroborating my observatin that you have no idea what you're talking about. willful ignorance is force-fitting running a Gov to running personal finance matters. as it relates to the US Gov, every one want to buy US debt, even its debt/GDP ratio is greater thab 1 even its foes such as China and Russia even BRIC nations who want to de-dollarize as it relates my personal finance not every one wants to loan me money why can't you be specific? it would help if you can cite some eg to support your parroted claim. i can cite some eg in support of my position Japan has been running its economy, with a debt to GDP ratio greater 2 for ~~ 4 decades, it is still one of the top 10 economies in the world China's debt to GDP ration is rapidly approaching 3; over the past 4+ decades, it has been the fastest growing economy in the world, to where it is now the second largest in the world. UK's debt to GDP ratio is larger than 1; its currency was the de-facto reserve currency for centuries, until it was dethroned by the US dollars ~~ 80 years ago. UK is still one of the top 10 economies in the world. and of course, the USA, still the largest economy in the world; been that way for the last 80 years
actually, you've been parroting someone else's claim about the 100%, w no rationale behind it. the sources from which you cut n paste about the 100% have been unable / unwilling to provide anything beyond "eventually", doesn't this tell you that they have no idea what they're talking about? i suggest that you learn more about the US dollar being the de-facto reserve currency of the world, and the attendant economic benefits, including but not limited to the central bank's abllity to create money out of thin air building up the Fed's balance sheet, using QE and similar monetary tools contract the money supply out of thin air reducing the balance sheet, using QT and similar monetary tools implement economic sanctions effectively etc.
Apparently you never heard of the term Japanification. Japan is an economy you do NOT want if one wishes to remain relevant in the world.
They don't need to deal with worrying about kids or grandchildren in any foreseeable future. Lost Decades...NEETs... historically low birthrates are all unrelated in their distorted reality. CBO's debt concerns are clear cut and unambiguous in 2020 or 2024. The gaslighting is a fun miserable and joyless adventure in reading and comprehension.
We had the single mostly important manufacturing announcement in this country's history this past week which was only made possible ciz of bidens subsidies and deficit spending and you donkeys @Space Ghost are crying about the debt. It's unbelievable Biden single handily prevented us from going to war with China over semiconductors and you folks are obsessed about the debt. It's unbelievable
like invisible, you'ree confused and mixed up. Japanization has nothing to do w economics. the process by which Japanese culture dominates, assimilates, or influences other cultures, of other countries which Japan had colonized. two most vivid egs have been Korean and Taiwanes cultures once again, you have no idean what ur talking about. Japan, not China, is the World’s Largest Buyer of U.S. Debt Japan also has the fourth largest economy in the world
indeed, invisible has been cutting n pasting half-azzed / manipulative sources that spin false narratives, most vivid eg have been "the wrecking of Fed balance sheet" there is no formal charter (for the Fed) blaming the Fed for excess spending, even tho Congress is the one who approved the expenditures
clearly, invisible has been cutting n pasting spins from sources that would rather tell their kids/grandkids that we, as a nation, work work to become the largest economy in the world providing the most efficient / effective access to capital, EVER, in the annals of history as well as having the USD being the de-facto reserve currency of the world, as 61% of all global commerce are settled using the USD nevertheless, we opted not to leverage our competitive advantage of having the reserve currency. we chose to conduct business as if we have difficulty obtaining loans.
Inflation continues to rage out of control. And the Biden Administration is seemingly doing everything possible to INCREASE inflation through their extreme levels of deficit spending. This is turning into a nightmare for the lower- and middle classes -- the people pinched by high rent and high costs for food, energy, and consumer products. Consumer prices rose 3.5% from a year ago in March, more than expected https://www.cnbc.com/2024/04/10/cpi...-3point5percent-from-a-year-ago-in-march.html
