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just another day
Joined: 12 Jul 2007
Location: Living with the Alaskan Inuits!!
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 Posted: Mon Aug 06, 2007 7:23 pm Post subject: |
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^ Sure I agree that as an economy develops, it should open up naturally little bit by little bit.
but all economies are protective and nationalistic at infant stages.
As for Korea relaxing controls, the Korean government obviously doesn't intervene in the currency as much as other countries do. Even though they should IMO.
If you want to talk economics, leave the kiddy talk at the door. Kansas second biggest export market is Korea. can you say moo? A lot of farmers and poor english teachers aren't exactly complaining right now. |
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thepeel
Joined: 08 Aug 2004
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| Posted: Mon Aug 06, 2007 7:38 pm Post subject: |
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I'm not an English teacher. I am economic analyst. My research scope is the political economy of NE Asia.
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| but all economies are protective and nationalistic at infant stages. |
No, not all. There is a mode of development called "ISI" that is sometimes successful and sometimes not. Korea used ISI because American gave it favored market access. Now that you are a developed country, time to play by the big boy rules. Korea is not a victim. You are a beneficiary.
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Well the Korean government obviously doesn't intervene in the currency as much as other countries do. Even though they should IMO.
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"Obviously"? What do you mean? Compared to who? China? Singapore? Canada? Are you comparing the country to the worst possible example (China) as a sign of how "good" you are?
Intervene how?
Have you read about the Asian financial crises? Do you know what caused it?
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| If you want to talk economics, leave the kiddy talk at the door. |
Tell you what, I'll leave the "kiddy talk" if you leave the racist, bullsh.it Korean history at the door. All Koreans should wake up and say a loud Thank you! to America every, single day.
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Kansas second biggest trading partner is Korea. A lot of farmers and poor english teachers aren't exactly complaining right now. |
How typically Korean of you. Start with a meaningless factoid, in this case about Kansas and finish with irrelevant arrogance.
1) The largest trading partner of Kansas is the Union
2) IF the FTA sticks, American agriculture will benefit. This is part of Korea growing up. But, we all know that the Koreans will find some reason to break the agreement. Like planting bone in beef. Or using Korean companies to buy beef for domestic American consumption and then deliberately exporting that beef to Korea, tipping off customs and ergo protecting the Korean Blood running through domestic cattle farmers veins.
3) English teachers are complaining. The vast majority leave Korea hating almost everything about that country. Racist Koreans treat all foreigners as sub-human swine. They lie, cheat, steal and swindle as the norm. |
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just another day
Joined: 12 Jul 2007
Location: Living with the Alaskan Inuits!!
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| Posted: Mon Aug 06, 2007 7:53 pm Post subject: |
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| BJWD wrote: |
Now that you are a developed country, time to play by the big boy rules. |
Sure I can agree with this somewhat. Thats why korea is donating more to the UN, in monetary as well as personell donations.
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"Obviously"? What do you mean? Compared to who? China? Singapore? Canada? Are you comparing the country to the worst possible example (China) as a sign of how "good" you are?
Intervene how?
Have you read about the Asian financial crises? Do you know what caused it? |
its obvious to anyone in the private sector that deals with fixed income and currencies. sure I know what caused the Asian financial crisis. but i don't see what this has to do with weapons of mass destruction.
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1) The largest trading partner of Kansas is the Union |
I specifically mentioned export partner. Here let me present you with facts.
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| Kansas-Korea Beef Trade�South Korea is second only to Japan as a market for Kansas exports overall and is also the second most important Asian market for Kansas beef. In 2002, Kansas exported over US$134 million in beef to South Korea. Over US$122 million of those exports were frozen beef. The remainder was in fresh or chilled beef, frozen offal, and other variety meats. Kansas beef exports to Korea fell significantly from 2000 to 2001. After a more than 100 percent increase in Kansas beef exports to South Korea from 2001 to 2002, beef exports to Korea in the first half of 2003 grew by only about 7 percent. Despite this recent history of uneven export levels, Kansas beef exports to Korea are likely to increase, in keeping with overall U.S. beef exports to Korea. |
http://www.asiakan.org/trade/beef_trade_korea.shtml
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| 2) IF the FTA sticks, American agriculture will benefit. This is part of Korea growing up. But, we all know that the Koreans will find some reason to break the agreement. Like planting bone in beef. Or using Korean companies to buy beef for domestic American consumption and then deliberately exporting that beef to Korea, tipping off customs and ergo protecting the Korean Blood running through domestic cattle farmers veins. |
I rather Koreans buy grass fed or organic beef from the US than non mad cow regulated beef.
organic beef isn't that much more expensive than blood parts fed beef. I hope the Korean government only allows organic, grass, wheat fed cows from the US.
i actually care more about reunification than the FTA. America is rich enough to protect their own markets, the Fed will print its way out of debt. America has enough superpower status to be doing this. Korea unfortunately, does not and economy advanced enough to have a print money out of debt option.
but given all that, korea-us trade deficit surplus is actually pretty small compared to other countries. I think ur just mad about some other issue than economics. If a white girl rejected you, would you be talking bad abotu America? |
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Wangja
Joined: 17 May 2004
Location: Seoul, Yongsan
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| Posted: Mon Aug 06, 2007 7:53 pm Post subject: |
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Some perspective of Korea's trade:-
Export partners:
China 24.7%, US 13.1%, Japan 7.5%, Hong Kong 4.2%, Taiwan 4.1% (2006) - total 326 bn USD
Import partners:
Japan 17.4%, China 15.4%, US 11.2%, Saudi Arabia 6.4% (2006) - total 309 bn USD
(source https://www.cia.gov/library/publications/the-world-factbook/geos/ks.html) |
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thepeel
Joined: 08 Aug 2004
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| Posted: Mon Aug 06, 2007 8:12 pm Post subject: |
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| Sure I can agree with this somewhat. Thats why korea is donating more to the UN, in monetary as well as personell donations. |
Totally irrelevant to our discussion in addition to bing silly. Korea is one of the least kind nations in the world in terms of foreign aid.
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| its obvious to anyone in the private sector that deals with fixed income and currencies. sure I know what caused the Asian financial crisis. but i don't see what this has to do with weapons of mass destruction. |
You want the government to intervene, but you understand what caused the crises? WMD's? Are we deflecting?
Best part:
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| Kansas second biggest trading partner is Korea. |
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| South Korea is second only to Japan as a market for Kansas exports overall and is also the second most important Asian market for Kansas beef. |
Most or second most in Asia?
Either way, totally irrelevant to the initial topic of Korean racial-economic-nationalism in the context of foreign acquisitions.
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I rather Koreans buy grass fed or organic beef from the US than non mad cow regulated beef. |
You don't speak for "Koreans". You speak for you. You don't get to decide, and use the arm of government to enforce, what "Koreans" should buy.
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organic beef isn't that much more expensive than blood parts fed beef. I hope the Korean government only allows organic, grass, wheat fed cows from the US. |
Irrelevant, once again.
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| i actually care more about reunification than the FTA. |
Good luck with that. When 20 million poor, uneducated and ignorant North Koreans flood Seoul you might feel a tad silly.
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| America is rich enough to protect their own markets |
America, like Korea, doesn't need to protect any markets. A "protected market" ISN'T A MARKET. It is a "structured cartel".
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| , the Fed will print its way out of debt. |
? You insinuated that you work in currency markets. I hope not. Printing money to get out of debt? Are you serious? Have you been following the world economy the past 6 months?
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| America has enough superpower status to be doing this. Korea unfortunately, does not and economy advanced enough to have a print money out of debt option. |
1) You can't print money to get out of debt.
2) Debt has nothing to do with this topic.
3) Korea isn't a victim, it is a beneficiary.
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but given all that, korea-us trade deficit surplus is actually pretty small compared to other countries. |
Who cares about the trade deficit? I'm making a case for free trade and the end of Korean racist-economic-nationalism. I don't care at all about trade deficits. A trade deficit is a capital surplus.
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| I think ur just mad about some other issue than economics. |
Mad? Good try! I'm enjoying throwing you around.
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| If a white girl rejected you, would you be talking bad abotu America? |
I never tried to touch a korean girl. I want my girl to have thin ankles, a strong hairline and career prospects after 28. |
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just another day
Joined: 12 Jul 2007
Location: Living with the Alaskan Inuits!!
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| Posted: Mon Aug 06, 2007 8:27 pm Post subject: |
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1) You can't print money to get out of debt.
2) Debt has nothing to do with this topic.
3) Korea isn't a victim, it is a beneficiary. |
If you can't print yourself out of debt, then by all means, take the following positions.
1) Go long the dollar hoping it will strengthen
2) Expect treasury issues to fall in accordance with the deficit in the past 5 years.
i mean, we can sit here all day, and talk about whats irrelevant or not. but hey, walk the walk then. lets see where your position goes. |
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thepeel
Joined: 08 Aug 2004
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| Posted: Mon Aug 06, 2007 8:32 pm Post subject: |
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| just another day wrote: |
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1) You can't print money to get out of debt.
2) Debt has nothing to do with this topic.
3) Korea isn't a victim, it is a beneficiary. |
If you can't print yourself out of debt, then by all means, take the following positions.
1) Go long the dollar hoping it will strengthen
2) Expect treasury issues to fall in accordance with the deficit in the past 5 years.
i mean, we can sit here all day, and talk about whats irrelevant or not. but hey, walk the walk then. lets see where your position goes. |
What in the hell garbage did you study in university? Setting aside for a moment the demonstrated truth that Koreans are among the most racist rednecks on earth and that this racist redneckedness manifests itself in idiotic racist economic policy, you can't print your way out of debt.
You can try to monetize a deficit, which is what I think you are talking about. Do you know the difference between a (the) deficit and a (the) debt? |
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just another day
Joined: 12 Jul 2007
Location: Living with the Alaskan Inuits!!
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| Posted: Mon Aug 06, 2007 8:37 pm Post subject: |
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| BJWD wrote: |
| just another day wrote: |
| Quote: |
1) You can't print money to get out of debt.
2) Debt has nothing to do with this topic.
3) Korea isn't a victim, it is a beneficiary. |
If you can't print yourself out of debt, then by all means, take the following positions.
1) Go long the dollar hoping it will strengthen
2) Expect treasury issues to fall in accordance with the deficit in the past 5 years.
i mean, we can sit here all day, and talk about whats irrelevant or not. but hey, walk the walk then. lets see where your position goes. |
What in the hell garbage did you study in university? Setting aside for a moment the demonstrated truth that Koreans are among the most racist rednecks on earth and that this racist redneckedness manifests itself in idiotic racist economic policy, you can't print your way out of debt.
You can try to monetize a deficit, which is what I think you are talking about. Do you know the difference between a (the) deficit and a (the) debt? |
go long the dollar buddy.
do it!!!!
these types always believe markets are perfectly efficient all the time. |
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thepeel
Joined: 08 Aug 2004
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| Posted: Mon Aug 06, 2007 8:39 pm Post subject: |
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Such nonsense.
America has 1 trillion in debt, so she prints an additional 1 trillion and gives it to her creditors.
Is she out of debt?
Nonsense. Leaving aside inflationary issues, once again, this is TOTALLY IRRELEVANT to the original discussion of Koreans wanting to buy foreign firms and at the same time preventing foreign firms from buying Korean firms.
Stay on topic. |
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just another day
Joined: 12 Jul 2007
Location: Living with the Alaskan Inuits!!
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| Posted: Mon Aug 06, 2007 8:42 pm Post subject: |
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| BJWD wrote: |
Such nonsense.
America has 1 trillion in debt, so she prints an additional 1 trillion and gives it to her creditors.
Is she out of debt?
Nonsense. Leaving aside inflationary issues, once again, this is TOTALLY IRRELEVANT to the original discussion of Koreans wanting to buy foreign firms and at the same time preventing foreign firms from buying Korean firms.
Stay on topic. |
go long the dollar buddy!!!!!!!!!!!!!!1
actually a lot more US firms be it private equity shops, or actual companies bought a lot more Korean firms, than the other way around.
You really sound like a kid tho. |
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thepeel
Joined: 08 Aug 2004
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| Posted: Mon Aug 06, 2007 8:46 pm Post subject: |
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| just another day wrote: |
| BJWD wrote: |
| just another day wrote: |
| Quote: |
1) You can't print money to get out of debt.
2) Debt has nothing to do with this topic.
3) Korea isn't a victim, it is a beneficiary. |
If you can't print yourself out of debt, then by all means, take the following positions.
1) Go long the dollar hoping it will strengthen
2) Expect treasury issues to fall in accordance with the deficit in the past 5 years.
i mean, we can sit here all day, and talk about whats irrelevant or not. but hey, walk the walk then. lets see where your position goes. |
What in the hell garbage did you study in university? Setting aside for a moment the demonstrated truth that Koreans are among the most racist rednecks on earth and that this racist redneckedness manifests itself in idiotic racist economic policy, you can't print your way out of debt.
You can try to monetize a deficit, which is what I think you are talking about. Do you know the difference between a (the) deficit and a (the) debt? |
go long the dollar buddy.
do it!!!!
these types always believe markets are perfectly efficient all the time. |
I'm not your buddy.
"These types"? What type? Fiscal realists?
You are very mixed up here. I won't "go long" (did somebody watch Wall Street last night) on the dollar because the Fed has tried to monetize the deficit, to some extent. If they actually tried to monetize the debt, I'd expect a full collapse of the currency.
So, you say
1) America can "print money" (in reality, the Fed controls only the overnight exchange rate) to get out of debt but Korea can't, due to American financial hegemony
2) Don't go long on the dollar. This, I presume, because of the deflationary issues involved in monetizing debt.
3) 1&2 blatantly contradict each other. Either she Can or Can't monetize the deficit.
ergo
4) "These types" think markets are perfectly efficient.
5) Korea can print her way out of a deficit.
1&2 are in opposition to each other. 4, yet again, is totally irrelevant to the topic at hand. 5 is nonsense, as any nation can print her way out of a deficit if she is willing to deal with the inflation. |
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Wangja
Joined: 17 May 2004
Location: Seoul, Yongsan
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| Posted: Mon Aug 06, 2007 8:48 pm Post subject: |
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| just another day wrote: |
....
actually a lot more US firms be it private equity shops, or actual companies bought a lot more Korean firms, than the other way around.
... . |
I don;t think that is so.
According to KOTRA, Korea's outbound FDI exceeds its inbound FDI.
http://english.kotra.or.kr/wps/portal/dken |
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just another day
Joined: 12 Jul 2007
Location: Living with the Alaskan Inuits!!
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| Posted: Mon Aug 06, 2007 8:51 pm Post subject: |
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| Wangja wrote: |
| just another day wrote: |
....
actually a lot more US firms be it private equity shops, or actual companies bought a lot more Korean firms, than the other way around.
... . |
I don;t think that is so.
According to KOTRA, Korea's outbound FDI exceeds its inbound FDI.
http://english.kotra.or.kr/wps/portal/dken |
well FDI includes personal family investments for overseas homes.
Im talking about in the past 20 years, American companies that actually bought out Korean companies. M&A
cross border mergers and acquisitions. there's been more US companies doing that than Korean companies.
its a moot point really. If the US wants, they can close off the US financial markets to foreign ownership.
There's a reason the US doesn't though. And it has nothing to do with any of us. |
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just another day
Joined: 12 Jul 2007
Location: Living with the Alaskan Inuits!!
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| Posted: Mon Aug 06, 2007 8:52 pm Post subject: |
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| BJWD wrote: |
| just another day wrote: |
| BJWD wrote: |
| just another day wrote: |
| Quote: |
1) You can't print money to get out of debt.
2) Debt has nothing to do with this topic.
3) Korea isn't a victim, it is a beneficiary. |
If you can't print yourself out of debt, then by all means, take the following positions.
1) Go long the dollar hoping it will strengthen
2) Expect treasury issues to fall in accordance with the deficit in the past 5 years.
i mean, we can sit here all day, and talk about whats irrelevant or not. but hey, walk the walk then. lets see where your position goes. |
What in the hell garbage did you study in university? Setting aside for a moment the demonstrated truth that Koreans are among the most racist rednecks on earth and that this racist redneckedness manifests itself in idiotic racist economic policy, you can't print your way out of debt.
You can try to monetize a deficit, which is what I think you are talking about. Do you know the difference between a (the) deficit and a (the) debt? |
go long the dollar buddy.
do it!!!!
these types always believe markets are perfectly efficient all the time. |
I'm not your buddy.
"These types"? What type? Fiscal realists?
You are very mixed up here. I won't "go long" (did somebody watch Wall Street last night) on the dollar because the Fed has tried to monetize the deficit, to some extent. If they actually tried to monetize the debt, I'd expect a full collapse of the currency.
So, you say
1) America can "print money" (in reality, the Fed controls only the overnight exchange rate) to get out of debt but Korea can't, due to American financial hegemony
2) Don't go long on the dollar. This, I presume, because of the deflationary issues involved in monetizing debt.
3) 1&2 blatantly contradict each other. Either she Can or Can't monetize the deficit.
ergo
4) "These types" think markets are perfectly efficient.
5) Korea can print her way out of a deficit.
1&2 are in opposition to each other. 4, yet again, is totally irrelevant to the topic at hand. 5 is nonsense, as any nation can print her way out of a deficit if she is willing to deal with the inflation. |
have you actually kept a track of treasury issuances by the federal reserve in the past 5 years?
now go research for about 10 hours and come back to me. |
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thepeel
Joined: 08 Aug 2004
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| Posted: Mon Aug 06, 2007 8:53 pm Post subject: |
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Yes.
You don't understand what I, or you, are talking about. |
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