Something To keep an Eye OnTaiwan just elected its Vice President to a four year term suceeding the previous President who retired.
Why is this important to investors?
Well for a whole bunch of reasons.
China did a full court press to get their guy elected and essentially take over Taiwan without firing a bullet. He came in second. Biden in yet another moment of dementia said he doesn't support an independent Taiwan. While The White House subsequently tried to walk back this blunder, the damage is already done.
For all intents and purposes the US under Biden has given China a green light to take military action against Taiwan. This combined with Biden's policies elsewhere like trying to stop Israel and the Afgan disaster has given opponents of the Free World a blank cheque to do whatever they want.
So getting back to investments. Taiwan basically controls the world's semiconductors which are the underpinnings of the world's economy. Biden's ineptitude has set the stage for China to control this facet of the world's economy.
This is not a good thing. How it will turn out is still too early to tell but for pragmatic investors, it is for sure something to watch carefully and to be prepared to react. Failure to do so could be very costly.