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Strategies & Market Trends : World Outlook -- Ignore unavailable to you. Want to Upgrade?


To: Les H who wrote (33921)11/5/2022 12:42:43 PM
From: Les H  Read Replies (1) | Respond to of 50847
 
US godfather makes a chip offer you can’t understand
New US chip bans on China show a thuggish ignorance of the targeted technologies and their military applications
By DAVID P. GOLDMAN
NOVEMBER 5, 2022

asiatimes.com

It's not only about China or Russia. US is broke. It's trying to deal with the debt problem by clawing back manufacturing from both enemies and allies and forcing them to buy US energy products as well, hoping that reducing the trade deficit will solve the fiscal deficit problem. Powell also realizes the US needs to stay away from blowing financial bubbles, which inevitably lead to the government rescues, further exacerbating the debt problem.