Korean Job Discussion Forums

[chillout121]

This is looking just as bad if not worse than the 2008-09 downturn.

We could see a big reduction in the number of jobs available in Korea along with an increase in job seekers.

Got gold?

[Yaya]

Who says it's worse?

[northway]

[Yaya]

No Time to Panic

During a period like this, with stocks plunging almost on a daily basis, it�s clear that fear and shock are ruling the roost. But fear can be overdone. As someone who has been around awhile and has seen many sell-offs, let me offer some advice: Do not panic. Market corrections come and go. They are not the end of the world. Most times they are actually healthy.

The S&P downgrade is a fiscal warning, not an economic event. And the growing fear of U.S. recession may not pan out. There are still plusses out there, believe it or not.

Our financial system is in vastly better shape than it was in September 2008. Vastly better shape.

http://www.nationalreview.com/articles/274023/no-time-panic-larry-kudlow

[Modernist]

Ooohh, National Review!! Those guys are never wrong!

[Yaya]

[cincynate]

The only problem is that when markets tank, the dollar climbs. Makes all of us english teachers a little bit poorer (when sending money home). The won fell 5% to the dollar in one day, and the trend seams to be continuing.

[Swampfox10mm]

I used to worry at times like these, but realized that if I didnt have much in stocks, I made money every time. Times like these are an opportunity if you know what to do.

[Chokse]

I'm actually quite pleased with what's going on. I know, I shouldn't root for "end of the world" economics or anything, but I think I played this drop pretty well (learned my lesson from the 2008 fiasco and paid more attention to the same signs this time).

These drops in the market are good money making opportunities. Just play your cards right and invest in the right thing at the right time.

[Swampfox10mm]

Yup. Warren Buffet lives for times like this. It's where he makes BIG bank!

[atwood]

[Chokse]

Yep, Swampfox is right again. There is no mystery surrounding how rich people keep getting richer. They are the ones who have vast amounts of cash on hand when the economy goes south. They wait unitl it all bottoms out, then dump all of their money into "safe" companies, and watch the money double or triple over the next year.

It's no secret. For any of you who have any money set aside, this whole stock market mess is going to create some very nice buying opportunities when the dust finally settles. I would suggest you use whatever savings you have and invest in some "safe" companies. Even a $10,000 investment in the right company could be worth up to $50,000 in a year or two. It happened back in 2008 and it will happen again now.

Whatever you do, don't sit on the money and do nothing. You'll never get ahead that way.

[Chokse]

I would disagree that the finances of most countries of the world are in better shape now than they were in 2008. To be clear, I think they are less capable now of dealing with any kind of serious financial downturn. Most countries spent whatever reserves and resources they had left to deal with what happened in 2008, and most countries have not recovered those financial reserves. It means they will have less to work with this time, so some of the tricks they used to recover last time will no longer be options this time.

[Yaya]

[ZIFA]