Latest / Eurodollar University
We aren't supposed to say the R-word but that's what we keep finding in big ways and small.
#recession #inflation #deflation #taiwan #semiconductor #apple
Taiwan Semiconductor reported pretty awful results blaming the global macroeconomic environment, specifically singling out inventory bloat as well as China's failed reopening. The effects aren't being limited to that side of the Pacific; the spillover is already affecting projects in the United States. We aren't supposed to say "recession" yet that's what we keep finding in big ways and small.
Eurodollar University's Money & Macro Analysis
Reuters: TSMC sending more workers to speed up building of new Arizona plant…
The skinny
The skinny isn't ready yet — notes appear once the transcript is processed.