December 22, 2022 The market is having a negative reaction to the news yesterday, that a major chip manufacturer, Micron, MU reported weaker then expected earnings and blamed the results on a “glut” of memory chips in inventory which is likely to last through part of 2023. Another piece of bad news for those hoping…… Continue reading Micron: “Glut”of Chips
Tag: debt
China’s Slowing Economy
More and more economic reports that China’s “zero tolerance” covid response policy is causing a major drag on business activity in China. In addition, the bursting of the property bubble several months ago, which accounts for about 30% of China’s Gross Domestic Product (GDP) is exposing the fact, that a great deal of China’s growth…… Continue reading China’s Slowing Economy
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