https://finance.yahoo.com/news/us-economy-officially-in-recession-nber-165226139.html
This is not surprising as we've been stating this.
https://sg-stock.blogspot.com/2020/03/weve-correctly-predicted-end-of-good-us.html
With China ramping up its chip developments, the US golden days will be over in a few years time because countries have to choose between an Asian or western technology in the future. Nevertheless, western economies will lose a big chunk of the technology business to the Asian giant (China) and China will be setting the new technological standards with its new chips.
China has many PHD scientists at its disposal to work 24/7 either in 2 or 3 shifts to expedite its chip developments and commercialization. 5 years is a long time in the technological world and China will be able to fulfill its grandeur 2025 Made In China project.
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