Fabs will act as cash burning oven on full burner during recession. The outstanding debt for servicing these Fabs will bankrupt the company. You heard it here first
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Marks always refuse to believe they were conned.
Why me? Why Why Why Why Why?
We need to get MAGA back in WH asap. Last election was a fraud and that is the root cause of all these issues. I did the 5 whys just like in the fab.
Be that as it may be, IFS is Intel's only chance at survival. If they don't make it work, they won't exist in 10 years.
If there is a depression opportunity to buy several million-dollar houses for the true influentials
Bankruptcy could be good for Intel. They get to restructure debt and it would give them the opportunity/justification to right size head count in one action.
@fav+1p9RcDVA, I agree recession is less and less likely, it is looking more like an impending depression but that term will never get used. M2 has been dropping steadily for quarters, unsecured debt (i.e. credit cards) went over a trillion dollars earlier this year and is still rising. This indicates that the vast majority of Americans, over 80%, are struggling to keep up with the ever rising cost of living and are using savings and credit to stay afloat. Wages are stagnant, inflation is lower but still nearly twice what is considered healthy. This will trigger the fed to continue to raise rates. Over a decade of historically low interest rates is over and the housing market is showing this. This will impact other large consumer purchases like cars too. It now costs businesses more to borrow so expect less growth and hiring. The US is sending billions of dollars in materials and other support to 2 wars. The newest one could drag the US into the conflict with the US sending two carrier battle groups to the region. The government is in chaos which could lead to a shutdown in mid November. I could go on and on with examples of how things are tanking.
Tell me about another prosperous time were all of these negative things were happening simultaneously. Save your money or at least use it to stock on essentials, you are going to need it.
A US recession is looking less and less likely. Regardless, you’re right that IFS is a huge cash burn, as planned.