American Economics Thread

[zbb]

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Intel started production of chips with Intel 4 process last year. They are selling these for laptops already.
Of course the thing is, Intel can do this thanks to having bought EUV machines from ASML. While SMIC is blocked from doing that.

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Intel 4	TSMC 5nm	TSMC 7nm (N7+)	SMIC 7nm (N+2)
123.4	138.2	113.9	113.6

Transistor density for "Intel 4" is much lower than TSMC 5nm. In fact, "Intel 4" transistor density is closer to TSMC and SMIC's 7nm processes than to TSMC's 5nm process. If SMIC 5nm can come close to TSMC 5nm, then they would be ahead of "Intel 4" in terms of transistor density.

 

[Michaelsinodef]

US inflation is still at elevated levels 3.2% annualized in February. Not certain what this will do with the Fed and interest rates.

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Likely to rise when the fed lowers interest sometime in the coming 6ish months (well, imo, 90%+ of it happening in the next 6ish months).

 

[tokenanalyst]

Likely to rise when the fed lowers interest sometime in the coming 6ish months (well, imo, 90%+ of it happening in the next 6ish months).

I don't see that happening anytime soon unless there is a mayor crash, if you ask any Latin American, inflation is a disease that is very difficult to get rid off, almost any stimulus will increase prices across the board including in housing.

But thinking again even tho housing prices are still too high is because the supply is dwindling, lowering rates will make cheaper for companies to borrow for building houses, increasing supply, but at the same will make cheaper to borrow to buy houses, increasing demand. Targeted stimulus in the supply side is probably the best bet. But then again that will not make construction materials more cheap.

 

[chgough34]

Poor consumer sentiment is a function of the media environment and partisanship; consumers view their own financial situations to be very good.

https://twitter.com/i/web/status/1768984624410075334

 

[tokenanalyst]

I don't see that happening anytime soon unless there is a mayor crash, if you ask any Latin American, inflation is a disease that is very difficult to get rid off, almost any stimulus will increase prices across the board including in housing.

But thinking again even tho housing prices are still too high is because the supply is dwindling, lowering rates will make cheaper for companies to borrow for building houses, increasing supply, but at the same will make cheaper to borrow to buy houses, increasing demand. Targeted stimulus in the supply side is probably the best bet. But then again that will not make construction materials more cheap.

Is possible that the problem of inflation in the US is a supply problem rather than a money problem. Solving the "trade war" could increase the supply allowing the FED more flexibility with their rates.

 

[CMP]

The inflation problem is an effect of both QE from past years and also the trade/economic/tech war.

 

[siegecrossbow]

They sure are creating lots of new jobs.

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[chgough34]

They sure are creating lots of new jobs.

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This is a nonstory. Under the 1987 Immigration Reform and Control Act (IRCA) - employers cannot discriminate between citizens and noncitizens with work authorization (which includes refugees/asylees). This was because before 1987, noncitizens could legally work for any U.S. firm but since the 1987 act banned employers from hiring undocumented citizens; Congress added the nondiscrimination provision to prevent undue discrimination against green card holders, asylees, refugees, etc.

Companies can, however, ban people without permanent work authorization from working, see Resendiz v. ExxonMobil Corporation,
72 F.4th 623 (4th Cir. 2023) but that doesn’t apply here since refugees/asylees have permanent work authorization and don’t require sponsorship.

 

[chgough34]

Households living paycheck to paycheck is a function of poor survey design and inconsistent standards, especially when household balance sheets are strong

https://twitter.com/i/web/status/1769362133760815143

 

[FairAndUnbiased]

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Although the economic climate seems slightly warmer at the start of 2024, February still saw a high number of mass layoffs, with more than 46,000 layoffs in the tech industry in the first two months of 2024. Both large-cap companies and startups trimmed staff across the US, according to

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.

Founders in 2024 are entering a precarious market. Late stage startup valuations have

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. As interest rates rise and tech stocks languish, venture capitalists are holding tighter to their funds. Seed stage funding slumped 35 percent for startups year over year by late 2022, data from

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shows.