Posted by DigiNomad on 8th of Apr 2024 at 10:20 am
6. 6 Billion taxpayer dollars to TSM - Joe not gonna stop until
they pry the no limit credit card out of his hand. This
particular massive move is inflationary in multiple ways (onshoring
and currency dilution).
Posted by DigiNomad on 8th of Apr 2024 at 10:26 am
The CHIPS Act or this specific award? My sense, as someone who
used to negotiate Fed Gov contracts like this, is that the Act made
it possible to start negotiations and now we're seeing the awards
(e.g. 4 billion or so to INTC a couple of weeks ago). Not positive
though - stocktwits headline today. -- the inflationary
effects come after the disbursement stage, for the most part (after
performance has started).
Posted by DigiNomad on 8th of Apr 2024 at 10:31 am
I think that exact type of sentiment about huge sums of money is
part of the disaster. We're being conned into thinking it's
monopoly money and our sense of what's large or not is completely
skewed, probably past recovery.
It would be different if the large sums of money being
disbursed existed - it doesn't exist yet. It's deficit spending and
will have to be printed, diluting our currency further.
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6. 6 Billion taxpayer dollars
Posted by DigiNomad on 8th of Apr 2024 at 10:20 am
6. 6 Billion taxpayer dollars to TSM - Joe not gonna stop until they pry the no limit credit card out of his hand. This particular massive move is inflationary in multiple ways (onshoring and currency dilution).
Not new news...was announced mid
Posted by shellson2 on 8th of Apr 2024 at 10:22 am
Not new news...was announced mid 2023
The CHIPS Act or this
Posted by DigiNomad on 8th of Apr 2024 at 10:26 am
The CHIPS Act or this specific award? My sense, as someone who used to negotiate Fed Gov contracts like this, is that the Act made it possible to start negotiations and now we're seeing the awards (e.g. 4 billion or so to INTC a couple of weeks ago). Not positive though - stocktwits headline today. -- the inflationary effects come after the disbursement stage, for the most part (after performance has started).
Companies were named as possible
Posted by shellson2 on 8th of Apr 2024 at 10:29 am
Companies were named as possible recipients. The exact amts per company were not of course--seeing it now. What's another 50 billion really
I think that exact type
Posted by DigiNomad on 8th of Apr 2024 at 10:31 am
I think that exact type of sentiment about huge sums of money is part of the disaster. We're being conned into thinking it's monopoly money and our sense of what's large or not is completely skewed, probably past recovery.
It would be different if the large sums of money being disbursed existed - it doesn't exist yet. It's deficit spending and will have to be printed, diluting our currency further.