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MrRogers
Joined: 29 Jun 2008
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 Posted: Thu Oct 09, 2008 2:33 pm Post subject: |
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xingyiman wrote:
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| If this keeps up the Korean economy may become the envy of the US. |
that is NOT the view
it will effect Korea even worse, and Korea will not rebound for a much longer time than the U.S.
don't even think of investing/saving here |
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xingyiman
Joined: 12 Jan 2006
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| Posted: Thu Oct 09, 2008 2:41 pm Post subject: |
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| MrRogers wrote: |
xingyiman wrote:
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| If this keeps up the Korean economy may become the envy of the US. |
that is NOT the view
it will effect Korea even worse, and Korea will not rebound for a much longer time than the U.S.
don't even think of investing/saving here |
So what would you suggest? Going back to a dead economy where the average Joe has about a snowball's chance in hell of getting a better gig than working at Starbucks? Even in a worst case scenario here I'd be making more than I would back home. Back there 98% of my income would be spent on just living expenses alone. If I save 100,00 won monthly in Korea I am doing better. Add it all up - rent, care, health insurance, auto insurance, taxes, uncovered medical bills, upkeep on auto. Whats left of the paycheck? |
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MrRogers
Joined: 29 Jun 2008
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| Posted: Thu Oct 09, 2008 2:45 pm Post subject: |
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depends on where and how one lives in the U.S.
there are places and ways to live witihout a car, and states which have health care
it is a large country |
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xingyiman
Joined: 12 Jan 2006
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| Posted: Thu Oct 09, 2008 4:02 pm Post subject: |
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| MrRogers wrote: |
depends on where and how one lives in the U.S.
there are places and ways to live witihout a car, and states which have health care
it is a large country |
Sorry, but a place like Iowa is not on my list of desired destinations. |
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rusty1983
Joined: 30 Jan 2007
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| Posted: Thu Oct 09, 2008 4:06 pm Post subject: |
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| xingyiman wrote: |
| MrRogers wrote: |
xingyiman wrote:
| Quote: |
| If this keeps up the Korean economy may become the envy of the US. |
that is NOT the view
it will effect Korea even worse, and Korea will not rebound for a much longer time than the U.S.
don't even think of investing/saving here |
So what would you suggest? Going back to a dead economy where the average Joe has about a snowball's chance in hell of getting a better gig than working at Starbucks? Even in a worst case scenario here I'd be making more than I would back home. Back there 98% of my income would be spent on just living expenses alone. If I save 100,00 won monthly in Korea I am doing better. Add it all up - rent, care, health insurance, auto insurance, taxes, uncovered medical bills, upkeep on auto. Whats left of the paycheck? |
Having said this, and I am not knocking it, I have an interview tomorrow with an Acquisitions company. I dont know the first thing about acquisitions, I barely know what they are. I was firing off e-mails and they came back to me, said they wanted to interview me. What the heel do I say? Help me through these dark times people. |
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Tobias
Joined: 02 Jun 2008
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| Posted: Thu Oct 09, 2008 4:23 pm Post subject: The best job to get right now |
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The best job to get right now?
Simple--MONEY MANAGER.
With all this bailout money raining down on certain companies, they're gonna be looking for people to manage it all. |
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MrRogers
Joined: 29 Jun 2008
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Gatsby
Joined: 09 Feb 2007
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| Posted: Thu Oct 09, 2008 8:09 pm Post subject: |
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| The best job to get right now? |
Mattress salesperson.
With all this cash being taken out of the system, people are going to need bigger mattresses to store it in, or under. |
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Konglishman
Joined: 14 Sep 2007
Location: Nanjing
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| Posted: Tue Oct 14, 2008 1:43 am Post subject: |
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| Well, the USD Won exchange rate is now back down to around USD = 1200 Won. Hopefully, it will go down further. Either way, I still like the idea of moving to Singapore. Although I have to admit that when the time comes for me to leave Korea for elsewhere, I am sure I will really miss the jimjilbangs. |
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MrRogers
Joined: 29 Jun 2008
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| Posted: Tue Oct 14, 2008 2:06 am Post subject: |
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yes, it's a little better
but it's supposed to be just a blip on the radar |
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Konglishman
Joined: 14 Sep 2007
Location: Nanjing
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| Posted: Tue Oct 14, 2008 2:11 am Post subject: |
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| I don't know. The world economy is in uncharted territory. I think it is hard at this point to make any sort of reliable long term prediction. |
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MrRogers
Joined: 29 Jun 2008
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| Posted: Tue Oct 14, 2008 2:13 am Post subject: |
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| Yes, that's so. |
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nuthatch
Joined: 21 Feb 2008
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Tobias
Joined: 02 Jun 2008
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| Posted: Wed Oct 15, 2008 4:01 pm Post subject: The economy is going to sink |
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The economy is going to sink. But this is by design. The government is pumping all this money into the US economy, meaning inflation pressures have to be kept in check.
The ol' faithful, if you will, for easing inflation is what? Yeap. Our old friend, the recession.
Corporations and the old-guard class have enjoyed private profits for decades. And, as always, their losses are now being socialized.
One silver lining--the sliding economy will sweep Obama into office.
Hopefully, Reaganism is at long last fucking dead. Trickle-down was always a sham. |
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MrRogers
Joined: 29 Jun 2008
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| Posted: Thu Oct 16, 2008 5:15 am Post subject: |
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Regarding South Korea:
http://www.nytimes.com/2008/10/17/business/economy/17market.html?ref=business
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In Asia, the Kospi in Seoul fell 9.4 percent, its biggest decline since September 2001. The currency, the won, also came under attack, declining as much as 10 percent against the dollar for its biggest losses since the Asian economic crisis of the late 1990s.
The South Korean banking sector is more exposed to the international financial crisis than banks in some other Asia-Pacific countries. |
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