Market Watch (October 1)
“A tiny mining town in western North Carolina was among those battered by Hurricane Helene — and the damage could have serious implications for the massive tech-industry supply chain that relies on it.” Two mines in Spruce Pine account for about 80–90% of the “high-purity quartz used in semiconductor manufacturing.” Most foundries carry a several month inventory, but if repairs take longer it “could lead to supply-chain bottlenecks and temporary price increases on chips and electronics.”
Tags: Battered, Bottlenecks, Chips, Damage, Electronics, Foundries, Hurricane Helene, Implications, Inventory, Mining, North Carolina, Quartz, Repairs, Semiconductors, Serious, Supply chain, Tech industry
Fortune (September 30)
Hedge fund veteran Mark Spitznagel “previously said markets would rally as the Fed eases in a Goldilocks phase, but has also warned a recession is coming and that rate cuts are also the opening signal for big reversals down the line. In the current environment, that means in the biggest market bubble in history will soon pop, eventually prompting the Fed to ‘do something heroic’ but doom the economy to stagflation.”
Tags: Bubble, Doom, Economy, Fed, Goldilocks phase, Hedge-fund, Markets, Rally, Rate cuts, Recession, Reversals, Spitznagel, Veteran
