Notes Today 

S&P 500 Earnigs grew by 65% in 2021 - the highest annual increase on record.

RCEP: Asia readies world’s largest trade deal

Trade barriers between most countries in the Asia Pacific will be lowered significantly from January 1 as the world’s largest free trading bloc opens for business. The Regional Comprehensive Economic Partnership (RCEP) is a trade deal between the 10-member Association of Southeast Asian Nations (ASEAN) and China, Japan, South Korea, Australia and New Zealand. RCEP will cover about 30% of global gross domestic product (GDP), worth $26.2 trillion (€23.17 trillion), and nearly a third of the world’s population, some 2.2 billion people.

ChinaIs Running Out of Water and That’s Scary for Asia

Thousands of rivers have disappeared, while industrialization and pollution have spoiled much of the water that remains. By some estimates, 80% to 90% of China’s groundwater and half of its river water is too dirty to drink; more than half of its groundwater and one-quarter of its river water cannot even be used for industry or farming.

Pat Gelsinger: When I make statements like we're on or ahead of schedule on Intel 7, 4, 3, 20A and 18A, over the same period of time that the competitors have slipped their process technology. The gap is closing faster than I forecast at the beginning of the year for this. (chart  log scale)

Btw, INTC is part of the Dogs of the Dow for 2022