Have A Major Made In China Purchase In Mind?
Got an email from Lin at 0300 (around 11 hours difference). "David, I highly recommend you buy important things soon. China is having difficuties (sic) and many factories in Guangdong are closing. Wor...
Forum Discussion
Fred the problem is new factories means new people everywhere. The first items I received from China were a joke. Into the trash they went. Quality slowly improved. Ever get a batch of LED chips that had three or four segments out? China Post is inexpensive one direction. To return 50 chips would have cost 60-dollars Fed-Ex. It's Roulette as it is with wireless switches arriving DOA.
Lin has warned me many times that most of the factories operate on a wing and a prayer.
A few months ago I splurged and ordered 10-watt red LED chips ROSH BRIDGELUX ISO 9001 certified. Four times the cost of the so-called off brand cheapies. I set my power supply to least significant digit precision matching voltage and current to the data sheet. All but one of the chips flamed within ten seconds. The 8th was lit for 3-weeks before I pulled the plug. Garbage BRIDGELUX chips.
So it isn't just a matter of Darwinism in China. They have absurd management by a central committee operating under the purely political eye of the politburo. Does anyone need solar panels that work good for three years then quit? There is going to beat you are mad scramble for market position in China. Bills of lading for raw materials obtained in Australia are not being satisfied. Productivity numbers for raw material are meaningless.I just hope warehouses arecat capacity but those folks are the past masters of Just In Time logistics delivery.
The paper on factories is worthless. Wealth is measured in real estate and businesses.borrowed to the hilt to start production. Valuations are under water. Debt exceeds income potential.
It's a real mess and communism is a poor educator of the fine art of supply and demand. Those factories cannot cover their overhead. Now they cannot sell stock shares for the forseeable future so.they are going to simply start shutting down.
There are no "puts" in their market so if they get strapped for cash guess who owes their soul to the company sto? Uncle Sam.
We've had idiots at the helm of US finances for the last forty years. Utter sell your soul greed. The piper is piping and the flute is growing louder.
Like Oliver used to say to Stan "Well, this is a fine fix you got us into this time".
A weather vane is news about riots in production cities.
But, if you need it, buy it now.
Lin has warned me many times that most of the factories operate on a wing and a prayer.
A few months ago I splurged and ordered 10-watt red LED chips ROSH BRIDGELUX ISO 9001 certified. Four times the cost of the so-called off brand cheapies. I set my power supply to least significant digit precision matching voltage and current to the data sheet. All but one of the chips flamed within ten seconds. The 8th was lit for 3-weeks before I pulled the plug. Garbage BRIDGELUX chips.
So it isn't just a matter of Darwinism in China. They have absurd management by a central committee operating under the purely political eye of the politburo. Does anyone need solar panels that work good for three years then quit? There is going to beat you are mad scramble for market position in China. Bills of lading for raw materials obtained in Australia are not being satisfied. Productivity numbers for raw material are meaningless.I just hope warehouses arecat capacity but those folks are the past masters of Just In Time logistics delivery.
The paper on factories is worthless. Wealth is measured in real estate and businesses.borrowed to the hilt to start production. Valuations are under water. Debt exceeds income potential.
It's a real mess and communism is a poor educator of the fine art of supply and demand. Those factories cannot cover their overhead. Now they cannot sell stock shares for the forseeable future so.they are going to simply start shutting down.
There are no "puts" in their market so if they get strapped for cash guess who owes their soul to the company sto? Uncle Sam.
We've had idiots at the helm of US finances for the last forty years. Utter sell your soul greed. The piper is piping and the flute is growing louder.
Like Oliver used to say to Stan "Well, this is a fine fix you got us into this time".
A weather vane is news about riots in production cities.
But, if you need it, buy it now.
