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Alyssa
Joined: 15 Jan 2006
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 Posted: Sat Nov 22, 2008 4:07 am Post subject: LETS MAKE A PREDICTION!@! |
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ON JANUARY 1, 2009, where do you think the won will be???
Well, what is your preciction, I say..............
2100 to the U.S dollar. |
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sojourner1
Joined: 17 Apr 2007
Location: Where meggi swim and 2 wheeled tractors go sput put chug alugg pug pug
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| Posted: Sat Nov 22, 2008 4:18 am Post subject: |
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| NO, not 2100 to the dollar! God, what a pessimist. I expect 1200 to the dollar in January '09 and 950 by June. Let's go baby!!! |
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Alyssa
Joined: 15 Jan 2006
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| Posted: Sat Nov 22, 2008 4:19 am Post subject: |
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| Ok, lets see...........about another month to go! |
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VanIslander
Joined: 18 Aug 2003
Location: Geoje, Hadong, Tongyeong,... now in a small coastal island town outside Gyeongsangnamdo!
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| Posted: Sat Nov 22, 2008 4:25 am Post subject: |
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| 1600 |
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bassexpander
Joined: 13 Sep 2007
Location: Someplace you'd rather be.
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| Posted: Sat Nov 22, 2008 4:42 am Post subject: |
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1700 to 1.
The post-Chrismas sales numbers, and the build-up prior to it will devastate the won until a few weeks after. |
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pocariboy73
Joined: 23 Jan 2003
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| Posted: Sat Nov 22, 2008 6:12 am Post subject: |
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| 1550 to 1 |
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newton kabiddles
Joined: 31 Mar 2007
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| Posted: Sat Nov 22, 2008 6:13 am Post subject: |
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| 1291 |
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cangel
Joined: 19 Jun 2003
Location: Jeonju, S. Korea
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| Posted: Sat Nov 22, 2008 6:24 am Post subject: |
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| If people really thought the won would get that high, it would be there already. Let's explore. Say you knew the currency was going to tank, what would you do? Did you say, "cash out?" That's not happening. I hope to God I'm right... By January, W1360. |
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T-J
Joined: 10 Oct 2008
Location: Seoul EunpyungGu Yeonsinnae
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| Posted: Sat Nov 22, 2008 6:34 am Post subject: |
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Month Date Forecast
Oct 2008 1,329
Nov 2008 1,426
Dec 2008 1,359
Jan 2009 1,275
Feb 2009 1,193
Mar 2009 1,109
Apr 2009 1,057
May 2009 1,025
Jun 2009 999
http://www.forecasts.org/won.htm
I can live with this forecast.
The truth is no one knows.............just trying to keep me sanity and sleep at night. |
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knee-highs
Joined: 15 Feb 2007
Location: yes
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| Posted: Sat Nov 22, 2008 6:39 am Post subject: |
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another middle-class money scramble...
if you need to check the currency rates, you have no money worth worrying about. |
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Bibbitybop
Joined: 22 Feb 2006
Location: Seoul
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| Posted: Sat Nov 22, 2008 8:54 am Post subject: |
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| knee-highs wrote: |
if you need to check the currency rates, you have no money worth worrying about. |
This statement is the biggest load of shit I've seen all day, and I walked through a dog park earlier. |
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Alyssa
Joined: 15 Jan 2006
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| Posted: Sat Nov 22, 2008 8:56 am Post subject: |
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| T-J wrote: |
Month Date Forecast
Oct 2008 1,329
Nov 2008 1,426
Dec 2008 1,359
Jan 2009 1,275
Feb 2009 1,193
Mar 2009 1,109
Apr 2009 1,057
May 2009 1,025
Jun 2009 999
http://www.forecasts.org/won.htm
I can live with this forecast.
The truth is no one knows.............just trying to keep me sanity and sleep at night. |
Your right, nobody knows, but even the 'Watchmen" of KOrea are sending out an SOS to the people:
News Focus) S. Korean stocks expected to fall further: analysts
By Nam Kwang-sik
SEOUL, Nov. 20 (Yonhap) -- South Korean stocks are unlikely to gain upward momentum for a while, but will remain extremely volatile on poor external and internal economic conditions, analysts said Thursday.
Kim Joong-hyun, an analyst at Goodmorning Shinhan Securities Co. also said that the local market will be weighed down by the possibility of a deepening global economic downturn and local corporate credit crunch.
"There will be no catalysts to push the local market higher for the time being, as the U.S. economy is troubled by growing fear of economic deflation and troubled top three automakers," Kim said.
"In addition, the growing corporate credit crunch may trigger a chain of bankruptcies in South Korea, placing a further burden on the local market, but it is likely to swing sharply between gains and losses according to the situation," he added.
The U.S. Labor Department reported Wednesday that consumer prices fell one percent in October from the previous month, the biggest fall since records began in 1947, sparking off jitters over deflation.
U.S. stocks was also battered by worries that cash-strapped three US. carmakers--General Motors Corp., Ford Motor Co, and Chrysler LLC.--might not get a bailout from the government amid wrangling in Congress over the deal.
The number of business failures in South Korea came to 321 in October, up 118 from the previous month, hitting a three-year high from March 2005 when the number reached 359, according to the Bank of Korea.
A rising inventory of new homes is fueling speculation that a chain reaction of local builders' bankruptcies may hit the local financial system.
Bae Sung-yung, an analyst at Hyundai Securities Co., agreed with the cited analysts on the views of the future direction of the market. "There are many factors to put downward pressure on the market, but it is expected to move in a tight range thanks to a technical rebound."
[email protected]
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bewolff
Joined: 07 Jan 2007
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| Posted: Wed Nov 26, 2008 10:03 pm Post subject: |
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1000 won to $1
And on another point, honestly, why don't they just revalue their currency and drop a few zeroes? |
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jkelly80
Joined: 13 Jun 2007
Location: you boys like mexico?
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caniff
Joined: 03 Feb 2004
Location: All over the map
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| Posted: Wed Nov 26, 2008 10:12 pm Post subject: |
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1=1!!!!
We're all gonna be bazillionaires!!
Party at my house!! Whoop!! |
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