The gas storage in Germany is full so that we hopefully can bridge a shortage up to the end of the year. At that moment, (also hopefully) the LNG gas terminals are ready to use for imports via ships.
This situation still implies energy / gas prices spiking, the government tries to compensate this by relief packages.
(Small hint: the article says EU dependence of Russian gas would be 40%. According to you graphic, this matches Germany, while the EU is at 30%.)
Mt favorite part: For us individual investors, at the moment, it is best to reduce expenses, keep a diligent budget, stay employed and continue investing. In the meantime, let’s keep an eye out for global issues and hope that conditions will improve for everyone
What about the potential debacle of China vs Taiwan ? Should be an interest 2023 but over all I’m heavily bearish on the US market especially Nasdaq. Could we see a complete reversal of the covid bill run? Who knows but these are interesting times indeed. “…be greedy when others are fearful”
That map of the movement of a chip around the world, while possible, is extremely unlikely these days. Most semiconductor manufacturing is performing all steps in Asia.
To be specific, steps 2 & 3 are *far* more likely to happen in, say, Taiwan than in the U.S.
I would buy that map if we were still in the early 1990s, it’s grossly out of date.
These newsletters are so good!! Keep it up
Great article! Well written and very informative. Thank you for your hard work!
Great content! Thank you for the education and time that goes into it.
Thank you, it's been a good read as always!
On the energy situation in Germany:
The gas storage in Germany is full so that we hopefully can bridge a shortage up to the end of the year. At that moment, (also hopefully) the LNG gas terminals are ready to use for imports via ships.
This situation still implies energy / gas prices spiking, the government tries to compensate this by relief packages.
(Small hint: the article says EU dependence of Russian gas would be 40%. According to you graphic, this matches Germany, while the EU is at 30%.)
Mt favorite part: For us individual investors, at the moment, it is best to reduce expenses, keep a diligent budget, stay employed and continue investing. In the meantime, let’s keep an eye out for global issues and hope that conditions will improve for everyone
Awesome study and article. Thanks you again
Very good article. I am passing it on to family members who are not educated on how global factors affect us in US.
What about the potential debacle of China vs Taiwan ? Should be an interest 2023 but over all I’m heavily bearish on the US market especially Nasdaq. Could we see a complete reversal of the covid bill run? Who knows but these are interesting times indeed. “…be greedy when others are fearful”
Agree with the article, it'll get worse before it gets better.
That map of the movement of a chip around the world, while possible, is extremely unlikely these days. Most semiconductor manufacturing is performing all steps in Asia.
To be specific, steps 2 & 3 are *far* more likely to happen in, say, Taiwan than in the U.S.
I would buy that map if we were still in the early 1990s, it’s grossly out of date.