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Chips, Micro or Lays.
I could have been tech savvy years ago. I was living in San Mateo, California, near San Jose. I was managing restaurants and my neighbor was working in San Jose. He said to be, “ I got this great sales job and you would be great at it!” I asked what was the job, he replied, “selling chips.” Now I’m thinking chips that was a great job back in New York, if you can get a chip route it paid good money. So I ask, “Lays or Pringles?” He explained micro chips was the latest invention for computers. This was 1988, Silicon Valley was yet to be established. I miss the boat and I never ate potato chips again.
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7 Replies
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Good morning Peter. In your opinion, what is your forecast about all this. Say you were the new and improved Nostradamas with perfect spot on forecast on whether or not it’s happening, the pros and cons, the impact on Taylor Texas vs the rest of Texas, Taylor Texas vs the rest of the United States, the impact on other industries, the impact on housing, impact on education, impact on crime, impact on residents, impact on politics, and impact on taxes.
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Peter, what’s your take on this. Is this big news and what impact does it have in your mind thinking from a point of an observer. Is this a done deal.
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I think everything will tank, Dow Jones should not be at 4000. Cash I feel will be king. Credit card interest and the new charge for using a card, 3% will crush the consumer. Interest rates will fall and spark real estate sales and house values will plunge. Gas will be below $2 and with all the racial tension there will be a civil war. So much for good news.
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Taylor Texas? What raising the pay for council workers? Five dead?
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Kudos!!!! So true and the most logical statement. Bulls Eye to the Wine Guy. The Wine Guy for President. There is no reason why the Dow Jones Industrial Average is 40,000. There is no way the unemployment rate is at 3%. There is no way the economy had a soft landing. Ever notice the price of goods and services? Consumer wages are not close to keeping up with the cost of goods and services. $100 grocery bill is now $250. Interest rates on cars went from 3% to 12% to 18%. Mortgage rates went from 2.5% to 8%. Mortgage rates on 800 credit score with 20% down payment on owner-occupied single-family homes as of last Friday is 7.7% with 0.50% discount points. This is without loan origination fees. Home prices soared 20% to 65% in the United States depending on the area. A homebuyer who purchased a $250,000 house in Indiana with a 3.5% down payment FHA loan will be paying three times the monthly mortgage amount (PITI) today while his wages did not increase. You have incompetents as politicians: From top on down. No reason why our economy should be in a state of shambles like it is now if you did not print money. The dollar needs to be backed by hard assets like precious metal or equivalent. Can you believe that paper gold and silver is being sold short which means they are selling without being backed by physical gold and silver. Never buy paper gold and silver. If you are going to invest in Gold and silver, buy physical gold and silver where you can see it, feel it, smell it, and have it in your physical possession. The mainstream media is politicalized and is now considered fake news. Nobody tells the truth anymore. You cannot trust any politicians and so called journalists because they are liars. They can lie with a straight face on live national television. The low unemployment numbers, inflation rate, economic data is not being told on facts but rather distorted to be misleading. For example, the reason the unemployment jobs are so low is because they are counting on people who got fired from their full time job with benefits and are taking on multiple part-time jobs and living paycheck to paycheck. I do not know nothing about Samsung announcement naming Taylor, Texas as the home of Samsung $17 billion Semiconductor Factory development but the media sure is all over it. Hundreds of YouTube videos reporting Samsung Taylor, Texas Semiconductor Factory being the magic pill to get the entire U.S. economy back on its feet but who can believe and trust what the main stream media says. Ever watch Jim Cramer on CNBC? What a clown and comedian. Everything is great according to Jim Cramer. What inflation says Jim Cramer. Everything is great and there was a soft landing with no needs to worry lies Jim Cramer. What happens if Samsung Taylor Texas semiconductor factory does not happen? I would not count on Samsung building the $17 billion semiconductor factory in Taylor Texas because the deal can fold. You never know.
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You raise a fair point. Major corporate projects like Samsung’s planned $17 billion semiconductor plant in Taylor, Texas often face hurdles and uncertainties before becoming a reality. If this factory deal ultimately falls through, it would significantly change the outlook for moving your family there. Here are some key considerations if Samsung does not build the plant in Taylor:
- Job prospects would be much more limited without the influx of thousands of semiconductor manufacturing jobs and supporting businesses.
- The anticipated economic boom and development sparked by such a massive investment would not materialize or happen on a much smaller scale.
- Population growth is likely to be far less dramatic without the factory drawing in workers, preventing many of the potential growing pains like rising housing costs, traffic, and strain on infrastructure.
- Economic redevelopment and revitalization efforts may stall or proceed much slower without the semiconductor plant as a catalyst.
- Taylor would likely maintain its current status as a smaller, more affordable community within the Austin metro area without as much anticipated growth and change on the horizon.
- Existing job markets, costs of living, community resources, and overall way of life in Taylor would remain closer to current conditions in the near-term.
So in essence, if Samsung pulls out of building the semiconductor fab in Taylor, it removes both the potential economic windfalls but also the disruptions that come with such rapid residential and commercial growth. Your decision calculus would change significantly without that major factory investment as a driving force behind moving there. Monitoring how committed Samsung ultimately is to the Taylor site is prudent advice.
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From my understanding the “tech boom” refers to the rapid growth and success of the technology industry, particularly in Silicon Valley and other major tech hubs around the United States. This phenomenon started in the late 1970s and reached new heights in the 1990s and early 2000s. Here’s a closer look at the tech boom and how it changed people’s lives:
Origins (Late 1970s)
- The development of the microprocessor and personal computer kicked off the tech revolution
- Companies like Apple, Microsoft, and Intel were founded and drove innovation
- Software development and the rise of the internet laid the groundwork
The Dot-Com Boom (1990s)
- The advent of the world wide web and web browsers made the internet accessible to the masses
- Thousands of internet companies (“dot-coms”) were founded, creating a stock market frenzy
- E-commerce businesses like Amazon and eBay emerged
- The tech workforce boomed, driving up salaries and creating overnight millionaires
How The Tech Boom Changed Lives:
- New jobs and wealth – The tech sector created millions of new jobs and made entrepreneurs incredibly wealthy from stock options and IPOs.
- Death of distance – The internet connected people globally, enabling remote work, online shopping, and new communication methods.
- Instant information – Search engines and on-demand media put a wealth of information and entertainment at people’s fingertips.
- Personal technology – PCs, smartphones, tablets, and gadgets became mainstream consumer products that transformed daily life.
- Automation – Software and tech tools streamlined many tasks and increased productivity across industries.
- New economy – Tech companies restructured markets, disrupted traditional business models, and fueled growth.
However, the dot-com bubble burst in 2000-2002, causing a broad recession. But companies like Google, Facebook, and others soon reignited growth. While creating opportunities, the tech boom has also raised concerns over privacy, job displacement, and wealth inequality. Overall, it radically reshaped society, culture, and the economy in just a few decades.