MB Podcast: US/China economic war explodes

This week’s LIVE webinar (12:30pm AEST, Thursday 23rd May) – As we review the escalation between global powerhouses USA and China.

  • Is this the Cold War 2.0?
  • What is the US trying to achieve?
  • How might it play out and some potential scenarios
  • How are these events likely to impact investment in the near future?

So join MB Fund’s Head of Investments Damien Klassen, Chief Strategist David Llewellyn Smith, and Tim Fuller as give an update on the stoush of the new century.

HEAD HERE for webinar, and have your questions answered live!

Can’t make it to the live series?  Catch up on the content by Podcasts or our recorded Videos.

Comments

  1. Let’s see if I can get bingo…

    Hegemony
    South China Sea
    Thucydides’s trap
    Shift production to more compliant or allied countries. (or something to that effect)
    New New world Order
    Dictatorship
    Western ideology
    Europe/EU as the key/decider in some way

    Let’s see how I go.

  2. DominicMEMBER

    I really hope Bannon’s right on this and that “Trump won’t cave”.

    If the stock market sells off 10% anytime soon I fear that’s what we’ll get: the Mighty Bouff kowtowing to Xi

    • DominicMEMBER

      The good news is we won’t have too far to travel when it all kicks off 😉

  3. One bit of possibly useful information.

    Huawei don’t make chips.
    Their design company, Hisilicon, don’t make chips.

    Their 7nm chips are built by TSMC – most likely in FAB15 in Taiwan.

    The best fab I can find in China is also TSMC – 16nm. About 3 generations behind. TSMC are on record basically saying they were paranoid China would try stealing that tech. Speculating, but if they’re that paranoid, the possibility of armed takeover should have occurred to them, so It’s possible there’s some sort of “self-destruct” built into the plant. One concrete block from a decent height could destroy whatever equipment is most proprietary and render the 16nm lithography completely dead in that plant.

    The next best plant I could find is 20nm. About 4 generations behind.

    At the cutting edge, Only Intel, Global Foundaries and TSMC exist.

    Neither Intel or Global Foundries would defy the US Govt.

    TSMC *could*, but it’s incredibly likely the Taiwanese government would side with their protectors over their wannabe-conquerors.

    So… IF this persists, it’s not just Huawei. It’ll be ALL Chinese made devices. Period.
    Apple would probably be outright forced out of China by these rules too.

    They’ll be completely locked out of high-end silicon. Best they could manage with what they have is something around the Galaxy S5/6 chips.

    Even if they managed to steal the tech, Fab tech isn’t an easy game to commission.
    If they had to develop it domestically, they’re easily 10 years behind.

    In short: Their plans to move up the value chain in tech are crippled.

      • It could still be done.
        On bigger, slower, more power hungry chips.

        Robotics wouldn’t suffer – though they’d most likely be locked out of most external markets if they pirated the ARM architecture, OR have to start from scratch with a new architecture otherwise.
        Designing a new architecture isn’t easy. x86 has evolved over 50 years. ARM over 30 or so.

        But AI? Far more complicated. I can’t honestly say but I’d expect it to be a huge delay.

    • DominicMEMBER

      No mate. I was listening to the ABC earlier this morning and the nice lady on the radio swore black and blue that China’s environmental record put ours to shame — apparently our China-based cousins were going hell for leather with renewables and electric vehicles whereas as us slackers in Straya were dragging our feet on green issues and granting coal mining permission to, er, lovely Indian companies.

      • John Howards Bowling Coach

        I spend a lot of time in China, it’s a bit of both, yes they are replanting forests, they are going renewable, they have a lot of electric vehicles/scooters. But the people on an individual level and company level are more greedy than wise and they are willing to trash the environment for money just like us, only they are more greedy than anyone else, so it ratchets up a level. Aussies are environmentally retarded, still land clearing and burning coal as quickly as possible to try to speed up the trashing of the place before the rules change. BUT we’re expert at point the finger at others for doing as we do (only often on a larger scale due to relative populations.