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2020 Covid-19 Recession
#51
(05-15-2020, 06:49 AM)fenders53 Wrote: Any opinions on whether or not we are going to ratchet up trade tensions with China? That affects some of my near-term purchase (and possible sale) decisions. I see no need to put my investments in peril when it's avoidable.

*As a side note I am glad this place does not get overly political. For the record I don't hate the president but I get weary of the political rhetoric and I fear we are going to punch China in the face at a VERY bad time as our economy struggles. I probably better get used to it with an election approaching.

Yes, I think trade tensions with China are going to ratchet up more. I think this epidemic was a huge wake-up call that outsourcing all of your country's manufacturing is a horrible idea.

It's one thing to do that with a country you can trust, but I don't trust China. At all.

I expect the president is going to do all he can to get critical pharma, tech, and equipment manufacturing back to the Unites State ASAP.
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#52
(05-15-2020, 08:23 AM)EricL Wrote:
(05-15-2020, 06:49 AM)fenders53 Wrote: Any opinions on whether or not we are going to ratchet up trade tensions with China?  That affects some of my near-term purchase (and possible sale) decisions.  I see no need to put my investments in peril when it's avoidable.  

*As a side note I am glad this place does not get overly political.  For the record I don't hate the president but I get weary of the political rhetoric and I fear we are going to punch China in the face at a VERY bad time as our economy struggles.  I probably better get used to it with an election approaching.

Yes, I think trade tensions with China are going to ratchet up more. I think this epidemic was a huge wake-up call that outsourcing all of your country's manufacturing is a horrible idea.

It's one thing to do that with a country you can trust, but I don't trust China. At all.

I expect the president is going to do all he can to get critical pharma, tech, and equipment manufacturing back to the Unites State ASAP.
That seems doable for pharma.  It would seem tech could at least spread it out to other countries. Not holding my breath for a big shift in heavy manufacturing this decade.  The GOV would have to fund it, and we would have to warm up to some serious inflation.  I think the horse is out of the barn on globalism and just spreading it out is where we'll head for now.  Part of my port is not looking forward to the election season.  Economy is shot until well past November and this is the only way I see left to fire up the base.  He doesn't have to do it anything close to right, he just has to raise hell for now.  He is good at that so I'll fasten my seat belt.  Smile
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#53
News out this morning:

Taiwan Semiconductor confirms $12B U.S. plant

Taiwan Semiconductor (NYSE:TSM), a major supplier to Apple (NASDAQ:AAPL) and Qualcomm (NASDAQ:QCOM), has confirmed plans to build a $12B chip factory in Arizona as the U.S. tries to wrestle global supply chains back from China.

The plant, which would create over 1,600 jobs, will produce the most sophisticated 5-nanometer chips that can be used in high-end defense and communications devices.

The Trump administration is also in talks with Intel (NASDAQ:INTC) about new foundries. While the company has major manufacturing operations in the U.S., it supplies only its own chips rather than making them for outside customers.
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#54
That makes sense for devices which require the highest security. It will be interesting to see how the other big guys like AAPL, NVDIA, AMD and MU react. AAPL is very married to China for manufacturing. You know they don't want to give up the huge China retail either and they will immediately revolt if/when they bail.
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