Quick Takes: US Naval Decline, ASML’s Fall & More

Created
Sat, 26/10/2024 - 00:55
Updated
Sat, 26/10/2024 - 00:55
Quick Takes: US Naval Decline, ASML’s Fall & More

Some topics deserve a mention but not a full article and that’s what quick takes are for.

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I’ve written about US ship building problems before, but it’s not just about that, the Navy is retiring ships faster than they are being built. (And yes, China is building them way faster than it is retiring them.)

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Seems that the extra surveillance for the Paris Olympics will become permanent. Surveillance state, HO!

Offered without comment:

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There’s a meme going around that when Norway increased taxes on the rich it lost tax income because so many rich people fled. Turns out that was not the case.

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Add to, “what a mystery!” and “Who would have expected!”

The analysis revealed that the mortality rate of Americans ages 1 to 19 rose by 11% between 2019 and 2020 and an additional 8% between 2020 and 2021.

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The new BYD Seagull EV costs $9,700 American, though that price is only really available to Chinese, they kick it up a lot even for countries without tariffs.

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ASML, which creates advanced lithography machines, has 49% of its sales in China. Due to sanctions, it expects that number to drop to 20% of sales. Share prices crashed 16% in a single day.

ASML’s CEO previously indicated he expect China to learn how to make lithography machines and that ASML and the West would eventually lose essentially the entire market. What he didn’t say is that once China can make these machines, they’ll then take the entire non-Western market too. Truly sanctions stupidity.

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