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kiwiliz
Joined: 20 Apr 2006
Location: New Zealand
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 Posted: Mon Sep 07, 2009 8:20 pm Post subject: Korean won crashing at Xmas? |
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I have heard mention of this a couple of times?
why would this happen....and do I want it to? Wouldn't that be even worse for me...a Kiwi? Really I think I want the NZ$ to fall a bit....don't I? |
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madoka
Joined: 27 Mar 2008
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| Posted: Mon Sep 07, 2009 8:25 pm Post subject: Re: Korean won crashing at Xmas? |
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| kiwiliz wrote: |
| I have heard mention of this a couple of times? |
Do a search for user "asmith" and you'll read about it more than just a couple of times.  |
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asmith
Joined: 18 Jun 2009
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| Posted: Mon Sep 07, 2009 8:46 pm Post subject: Re: Korean won crashing at Xmas? |
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| kiwiliz wrote: |
I have heard mention of this a couple of times?
why would this happen....and do I want it to? Wouldn't that be even worse for me...a Kiwi? Really I think I want the NZ$ to fall a bit....don't I? |
By Christmas, Korea will have to devalue the won so that strapped Americans will be able to buy their imports.
Of course, Obama might start sending out checks to Americans so that they will have some purchasing power during the holidays.
Wait for the retail numbers concerning Black Friday. Should let us know one way or the other. |
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misher
Joined: 14 Oct 2008
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| Posted: Mon Sep 07, 2009 8:47 pm Post subject: |
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I certainly hope so. That will make mynext semester Supder duper cheapo shmeapo  |
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xingyiman
Joined: 12 Jan 2006
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| Posted: Mon Sep 07, 2009 8:48 pm Post subject: |
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| I think this will probably be the worst shopping season on record. |
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asmith
Joined: 18 Jun 2009
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| Posted: Mon Sep 07, 2009 8:49 pm Post subject: |
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| xingyiman wrote: |
| I think this will probably be the worst shopping season on record. |
We really are in a depression. Why don't people understand this? I have no idea. |
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oldtactics
Joined: 18 Oct 2008
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| Posted: Mon Sep 07, 2009 8:55 pm Post subject: |
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| My salary is already lower than it was last month, because of the exchange. I'm expecting to be making less per hour than Ontario's minimum wage, by Christmas. |
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Cartman
Joined: 30 Jun 2009
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| Posted: Mon Sep 07, 2009 9:01 pm Post subject: |
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asmith, you're calling THIS a depression now? The fire is just getting warmed up... the fallout will start next year I'm guessing... what's happening now is just a big setup for the next great depression 
The feds will try one last time to pump up the markets so all the insiders can sell into the strength. Get out while you can...
As for the won, there's not much we can do... |
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djsmnc
Joined: 20 Jan 2003
Location: Dave's ESL Cafe
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| Posted: Mon Sep 07, 2009 9:04 pm Post subject: |
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| You can always sell "toast-uh" ! |
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JongnoGuru
Joined: 25 May 2004
Location: peeing on your doorstep
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| Posted: Mon Sep 07, 2009 9:06 pm Post subject: |
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| asmith wrote: |
| We really are in a depression. Why don't people understand this? I have no idea. |
Oh, we understand it, asmith. It's just that, living here, it's easy to forget when all the Koreans I know, all the kids in Jongno and Myeongdong and Shinchon are still spending and partying like it's the go-go late '80s / early '90s. Take a stroll around the hotspots of Seoul any weekend or any weeknight, and behold the parade of wealth and confidence and carefree abandon. Even in the hardscrabble working-class districts of Seoul you see a staggering number of European cars.
Kimchi prevents depression. Mental and economic. |
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typo
Joined: 16 Jun 2009
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| Posted: Mon Sep 07, 2009 9:08 pm Post subject: |
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| oldtactics wrote: |
| My salary is already lower than it was last month, because of the exchange. I'm expecting to be making less per hour than Ontario's minimum wage, by Christmas. |
(confused dog jpg) The won's at 1230. If anything it got a bit stronger by 20 or so won since last month. |
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roadwork
Joined: 24 Nov 2008
Location: Goin' up the country
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| Posted: Mon Sep 07, 2009 9:09 pm Post subject: |
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| Well, since I'll be getting married soon and planting my roots here, I think I'll just ride this one out. |
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Captain Corea
Joined: 28 Feb 2005
Location: Seoul
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| Posted: Mon Sep 07, 2009 9:48 pm Post subject: |
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I say it'll fall tomorrow.
Run to the bank now!!! |
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Pwillig
Joined: 26 Jan 2009
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| Posted: Mon Sep 07, 2009 9:55 pm Post subject: |
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| Cartman wrote: |
asmith, you're calling THIS a depression now? The fire is just getting warmed up... the fallout will start next year I'm guessing... what's happening now is just a big setup for the next great depression
The feds will try one last time to pump up the markets so all the insiders can sell into the strength. Get out while you can...
As for the won, there's not much we can do... |
I only hope this would lead to bloodshed. |
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asmith
Joined: 18 Jun 2009
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| Posted: Mon Sep 07, 2009 10:03 pm Post subject: |
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| Pwillig wrote: |
| Cartman wrote: |
asmith, you're calling THIS a depression now? The fire is just getting warmed up... the fallout will start next year I'm guessing... what's happening now is just a big setup for the next great depression
The feds will try one last time to pump up the markets so all the insiders can sell into the strength. Get out while you can...
As for the won, there's not much we can do... |
I only hope this would lead to bloodshed. |
It will. In another 6 months to a year, you are gonna see Wall Street big shots and politicians start to get murdered.
They might be too big to fail. But they ain't too big to die. |
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