足不出户 走遍全世界
一 | 本篇评级为★★★，主要围绕以下内容展开： 1、芯片大跌，是阶段性拐点吗？ 2、AI内部分化，如何看下游应用机会？ 3、香港市场的结构性轮转机会； 如有疑问请以音频内容为准，添加妙投小虎哥微信miaotou515，入群有机会与董小姐进一步交流。 新闻解读评级说明：五星重磅，四星重要，三星级以下大家选择听。 The August 15, 2021 fall of Kabul shocked the world, signaling the collapse of the West’s 20-year-long, multi-trillion-dollar nation-building experiment in Afghanistan in a single day.,Less than two weeks before the cataclysm, US and Afghan officials issued statement after statement expressing confidence in the Afghan military’s ability to fight on without American support on the ground.,“[The Afghan Army has] got greater numbers, they’ve got an air force, and, oh by the way, their air force is also flying…This is not an incompetent air force – they know how to fight from the air and they are. They have modern weaponry. They have military organizational ability as well as 20 years of training in the field by – not just the United States but our NATO and Allied partners. So they have a lot of advantages. It’s really just now about using those advantages,” Pentagon spokesman John Kirby told reporters in Washington on August 11, less than 100 hours before Kabul’s collapse.,In the chaotic few days that followed, Afghan Air Force personnel wound up flying nearly 50 helicopters and fixed-wing aircraft out of the country to neighboring Uzbekistan.,What happened? How did the US and NATO’s orderly withdrawal – which began in May 2021 amid fears that the Taliban would attack Western forces if they didn’t stick to the terms of the 2020 Trump-Taliban Doha peace deal, turn into such a humiliating and disorganized rout?,Paper Tiger vs Shoeless Army,On paper, the Afghan government and army seemed prepared for a years-long slog, similar to the one put up by the Soviet-backed Democratic Republic of Afghanistan, which managed to hold out against the Mujahedeen independently between 1989 and early 1992, even as the jihadists received billions in arms and cash from the CIA, Saudi and Egyptian intelligence, Pakistan and China. By comparison, the NATO-backed Afghan Army had serious problems with foreign support for the Taliban, with the insurgent group’s only major foreign backer consisting of Pakistan’s Inter-Services Intelligence.,The Afghan military boasted a total size of some 300,000 personnel – the 16th largest army in the world, along with an impressive array of $85 billion in US-gifted weaponry, including tens of millions of guns, grenades and rocket launchers, 8,500 Humvees, hundreds of armored personnel carriers, infantry fighting vehicles, tanks, mine-resistant ambush protected vehicles, and thousands of heavy and light trucks.,The Air Force’s inventory included more than two hundred Russian and US-made attack and utility helicopters, dozens of transport planes, and close to 30 Cessna 208 and A-29 Super Tucano ground attack and COIN jets.,US 'Lost Track' of Afghan War Aims, Says Retired Marine General12 August, 17:00 GMT,Facing off against them were the Taliban: a rag-tag group of militants whose core fighting force was estimated to consist of about 60,000 fighters, some of them shoeless, no air force, and limited mobility due to their adversary’s total air superiority and control of fuel.,Behind the scenes, a sprinkling of media reports and testimonies from Afghan soldiers and officials told a sobering story previewing the coming disaster, discussing the widespread disillusionment, demoralization and corruption centered around military and police structures based more on patronage, personal power and enrichment than competence and aptitude.,“There is no motivation for the army to fight for the corrupt government and corrupt politicians here,” Ahmad Wali Massoud, Afghanistan’s former envoy to the UK, told the Wall Street Journal on August 10, a few days before Kabul’s collapse.,“They are not fighting for [then-Afghan President Ashraf] Ghani. They haven’t even been fed properly. Why should they fight? For what? They are better off with the Taliban, which is why they are switching sides like that,” Massoud explained.,US Military Vehicles Falling Into Taliban Hands at Alarming Rate, Report Finds3 July 2021, 15:14 GMT,Ghani himself would end up fleeing the country as Kabul fell, with his entourage reportedly carrying so much money in suitcases from the state coffers that he had to leave some of it behind. Ghani has categorically dismissed these reports and denied allegations besmirching his good name.,John Sopko, the US inspector general for Afghanistan, warned Congress in March 2021 about the state of the Afghan’s military’s demoralization, admitting that “endemic corruption” was a threat, and that it was “fueling” the insurgency and giving the Taliban the means to gain public support.,Another problem, according to a May 2021 report by the Associated Press, was lack of professionalism. Attiqullah Amarkhiel, a former Afghan Army major general, told the news agency that while the Moscow-allied Afghan Army of 1989 consisted of about 150,000 high school educated troops. By contrast, he said, the NATO-trained crack troops of the Western-backed Afghan government had just six-to-eight weeks of basic training, with most recruits uneducated and/or allied to warlords.,“Then we had quality. Today we have quantity,” Amarkhiel said.,Blitzkrieg,This demoralization and corruption, combined with what The Intelligencer characterized as an institutionally built-in deep overdependence on US coalition support, culminated in the events of early-mid-August 2021.,By mid-July of that year, the Taliban was able to take advantage of coalition forces’ withdrawal by establishing control over large swathes of the Afghan countryside. However, no major cities and none of the country’s 34 provincial capitals were under the group’s control at the time. Throughout its two-decade insurgency campaign, the Taliban only launched one major strategic offensive against a government-controlled city – striking Kandahar in May 2011 before retreating back into the countryside.,Fast forward a decade, and the militant group would finally cast off their inhibitions about offensives cities.,On August 6, the militants captured Zaranj, capital of the southern province of Nimruz near the border with Iran, in a lightning attack, with government forces putting up light resistance and local bureaucrats fleeing the city.,A day later, the militants captured Sheberghan, capital of Jawzjan province, after heavy fighting. On August 8, Sar-e-Pul, Kunduz and Taluqan, three provincial capitals in the north of the country, fell, followed by Aybak in the northern Samangan province on August 9.,August 10 witnessed the collapse of Farah in the west and Pul-e-Khumri in Afghanistan’s center. A day later, Faizabad, capital of the northeastern province of Badakhshan also fell.,Animation showing Taliban's inexorable march towards Kabul. “The problem with the army was not lack of training or weapons. The most important thing in war is politics”Read @AmyKazmin @KatrinaManson and @b_parkyn's story on why the Afghan army foldedhttps://t.co/bjjJdPp15J pic.twitter.com/Ll6JrHQWLH— Steven Bernard (@sdbernard) August 15, 2021,August 12-13 would become the darkest days for the Afghan army and government up to that point, with the cities of Ghazni, Herat, Kandahar, Lashkar Gah, Qala-e-Naw, Feruz Koh, Pul-e-Alam, Terenkot and Qalat falling to the Taliban in the space of 48 hours. On August 14, the strategic northern city of Mazar-i-Sharif fell.,Finally, on August 15, 2021, Kabul and the eastern city of Jalalabad collapsed – falling, awkwardly, while tens of thousands of coalition troops, contractors, diplomats, Afghan puppet administration assistance and Western intelligence agents were still in the country.,© AP Photo / Rahmat GulA U.S. Chinook helicopter flies over the city of Kabul, Afghanistan, Sunday, Aug. 15, 2021. Taliban fighters entered the outskirts of the Afghan capital on Sunday, further tightening their grip on the country as panicked workers fled government offices and helicopters landed at the U.S. Embassy.A U.S. Chinook helicopter flies over the city of Kabul, Afghanistan, Sunday, Aug. 15, 2021. Taliban fighters entered the outskirts of the Afghan capital on Sunday, further tightening their grip on the country as panicked workers fled government offices and helicopters landed at the U.S. Embassy.© AP Photo / Rahmat Gul,In a post-op analysis of the events, General Yasin Zia, the former chief of staff of the Afghan army, estimated that some 4,000 security forces troops were killed, and 1,000 more gone missing, in the deadly weeks between July 1 and August 15, 2021 – with that figure representing about one half of the average of 8,000 Afghan security personnel killed each year over the previous five years.,Zia estimated that in total, some 92,000 members of the Afghan security forces died in the line of duty since 2001. Up to 100,000 Afghan civilians, tens of thousands of Taliban fighters, over 3,500 US and coalition troops, and 4,000+ Western mercenaries also perished.,* An organization under UN sanctions for terrorist activities.。
二 | 1、芯片大跌，是阶段性拐点吗？ 今天，芯片板块带动整个人工智能赛道出现大调整，芯片板块单独下跌约8%。此次调整呈现国内外共振态势：昨晚华尔街市场表现不佳，费城半导体指数跌幅超过6%；今晨亚洲开盘后，在两只龙头股快速下跌带动下，韩国股市整体大幅下挫8%。
三 | 全球共振的深层原因在于芯片板块前期涨幅过大，许多资金患上“恐高症”，稍有风吹草动便易引发剧烈波动。昨晚，科技龙头Meta宣布将部分算力出售给市场。此前Meta算力紧缺，不仅向竞争对手谷歌购买大量算力和云服务，还开始自建算力体系。如今突然向市场供给部分算力以回收前期投资，并非重大利空。
四 | 这表明Meta等头部公司开始注重财务回报，回应市场对其前期巨额投入缺乏后续现金流的担忧，着手进行部分变现。昨日Meta股价因此快速拉升，但市场随后对该消息过度解读，以讹传讹。 本文为妙投付费内容，上述仅为摘要，购买本专栏即可解锁完整内容。新用户可免费领本专栏7天阅读体验机会，在妙投APP-我的-权益兑换 输入“妙投888”即可领取。
五 |
Current article:http://www.chenzhuaigecoupuhongyuntuizei.sbs/ev3/d9utrbm.html
Published on:22:23:09
推荐阅读
