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Korean Job Discussion Forums
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squexx
Joined: 24 Mar 2008
Location: Korea
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 Posted: Sun Jun 01, 2008 2:12 pm Post subject: |
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| Ya-ta Boy wrote: |
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| In the next few week, the won will head down to around 1020, from 1040 = $1, |
That will mean the Won is getting stronger. |
Yes, but it will weaken again, just like the UD$ going into this fall. To keep the value of your money, buy gold, Yen or Swiss Francs. Just like last time, if you have money and are liquid--if you do your homework, you can invest wisely and clean up.
I didn't know the markets last time, I've been spending lots of time studying about the market and have a decent war chest in gold and silver to do so this time. It will crash, Korea's economy will shrink, high land prices and the stock market will plunge. The amount of jobs available will collapse, but the rats will leave the ship. Just tighten your belt and remember the worst of it will last 18-24 months.
And if you do it right.........you can make out. Forewarned is forearmed. Idiots like assexpander aside! |
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JustJohn
Joined: 18 Oct 2007
Location: Your computer screen
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| Posted: Sun Jun 01, 2008 2:27 pm Post subject: |
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I find the sock's disparagement of bassexpander quite amusing and the economic advice quite interesting. Please continue.
P.S.
Where is the thread where bass earned your hatred? I want to see it. It must be good. |
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squexx
Joined: 24 Mar 2008
Location: Korea
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| Posted: Sun Jun 01, 2008 3:13 pm Post subject: |
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| JustJohn wrote: |
I find the sock's disparagement of bassexpander quite amusing and the economic advice quite interesting. Please continue.
P.S.
Where is the thread where bass earned your hatred? I want to see it. It must be good. |
Like I said, there's lots of idiots on Dave's. Lots of them will leave, assexpander is one of them..................and good riddance! THe crash IS coming, and the herd will be culled. |
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luvnpeas
Joined: 03 Aug 2006
Location: somewhere i have never travelled
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| Posted: Sun Jun 08, 2008 2:55 am Post subject: |
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Another article on this theme, from a month ago:
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May 9 (Bloomberg) -- South Korea's won, the world's worst performing major currency this year, is undervalued by about 8 percent and the nation's stocks should outperform, said Mark Mobius, who manages emerging-market shares at Templeton Asset Management Ltd.
``Korean stocks are cheaper than the average emerging markets,'' Mobius said at briefing in Seoul today. ``The currency is somewhat undervalued.'' |
http://www.bloomberg.com/apps/news?p...vOw&refer=home
What interests me about this is that Korea is still considered an emerging market. Sometimes I think all the complaining about Korea comes from unreasonable expectations. Fifty years ago, the country had just been torn apart by a civil war, a world war, and a military occupation, and was one of the poorest countries in Asia. Thirty years ago, it was like Cambodia or Viet Nam today. Barely twenty years ago it had its first truly democratic elections. Now Americans whine that it isn't very organized. I wonder, if the basis for comparison were Hanoi rather than Tokyo, would people complain as much? |
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