Apple & Telsa Suffer

Apple and Tesla stocks have tumbled over growing concerns about delays in their production lines in China.

Apple shares hit their lowest point since June 2021. Tesla's stock has dropped 73% from a record high in November 2021.

Companies have struggled to keep production going in China due to Covid restrictions and weeks of lockdowns.

Now they are facing a staffing crunch as China battles a Covid wave after lifting years of restrictions.

China announced that it will lift its strict quarantine rules for travellers on 8 January, a positive sign for many investors who are seeing an ease in supply chain movement in 2023.

But global investors are also being cautious ahead of additional interest rate hikes, a global economic slowdown and the ongoing war in Ukraine.

Given the spike in Covid cases in key manufacturing hubs, analysts say production will take time to ramp up once again.

"Factories are going to experience labour shortages for at least 4-6 weeks as the wave passes through their production regions, and of course most migrant workers will go back to their home villages for the Lunar New Year at the end of January," says Simon Baptist, chief economist at The Economist Intelligence Unit.

"Production looks unlikely to be back to normal in China until late February."

Production delays hit Apple supplier Foxconn earlier this year following unrest at its Zhangzhou plant known as "iPhone City." The company said its revenue in November was down 11% compared with the same month in 2021.

This week, media reports said Tesla's Shanghai manufacturing plant had cut production as Covid infections rose in China. The company declined to comment.  READ MORE...

Leave The Gate Open

If you leave the gate open, the cow will wander off. So, if you intentionally leave the gate open, you want the cow to wander off. You can't blame stupidity or laziness. It was intentional.

If you cut police budgets, you will get more crime on the streets. So, if you intentionally cut police budgets, you wanted more crime on the streets.

If you cut back the supply of oil, gas prices will go up. So if you intentionally cut back the supply of oil, you wanted gas prices to go up.

If you print trillions of dollars without increasing the supply of goods, inflation will hit hard. So if you intentionally print trillions of dollars without more goods you wanted inflation to hit hard.

If you leave the southern border wide open, you get more drug trafficking and human trafficking. So if you intentionally leave the border wide open, you wanted more drug trafficking and human trafficking.

If you shut down 40% of the supply of baby formula in February, you'll get a huge shortage. When you KNOW a huge baby formula shortage is coming because of the FDAs actions, and you purposefully do nothing to prevent it, month after month, until the crisis finally hits hard, you INTENDED this crisis.

It is time to recognize the evil people behind that old man. They want crisis. They want chaos. They want riots. They want conflicts in your town.

Their stated purpose years ago with Obama was to "take the US down a few notches on the world stage." You can feel the quality of your life going down with the country.

These are not foolish or misguided people. They are taking our country somewhere we don't want to go....

Forward this if you understand what is happening.