Re:TSMC warns over deepening slump in chipmaking sector
by landemva on Friday July 21, 2023 @05:24PM
(#36819991)
> Federal Reserve deserves credit for handling inflation well.
That is a stretch. They jacked rates on Trump, lowered rates for Biden, and in my opinion were forced to raise rates when the Ukraine money/power grab ramped up.
Re:TSMC warns over deepening slump in chipmaking sector
by sanxiyn on Friday July 21, 2023 @05:27PM
(#36820038)
"Forced" or not, they still raised rates. They could have done otherwise, which would have been disastrous.
Re:TSMC warns over deepening slump in chipmaking sector
by landemva on Friday July 21, 2023 @05:38PM
(#36820190)
They followed war events in a reactionary manner. It would be cheaper and transparent to set rates algorithmically. The Fed can stay in business by continuing to inadequately regulate banks like SVB.
Re:TSMC warns over deepening slump in chipmaking sector
by somewhat_drunk on Friday July 21, 2023 @07:42PM
(#36821531)
Interest rates were already increasing when Trump was elected. They jacked rates to cool the economy, as they should have done.
Rates were already decreasing when COVID hit, and they dropped rates to zero when the economy shut down, as they should have done.
Correlation does not necessarily imply causation, as I'm sure you know.
You could have simply looked up a long-term chart of the FED funds rate to verify your political belief, but you chose not to. Why?
Re:TSMC warns over deepening slump in chipmaking sector
by landemva on Friday July 21, 2023 @09:57PM
(#36822421)
February 2020 discount rate was 2.25. March 2020 it was 0.25. Was that the biggest drop ever? Just two weeks to slow the spread, ha!
Re:TSMC warns over deepening slump in chipmaking sector
by somewhat_drunk on Friday July 21, 2023 @10:24PM
(#36822566)
I can't tell if you're being disingenuous or if you're just not very bright.
I agree semiconductor is an industry well known to be cyclic and prophecies of doom are ridiculous.