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wishfullthinkng

Joined: 05 Mar 2010

Posted: Mon Apr 14, 2014 5:43 pm Post subject:

atwood wrote:

young_clinton wrote:

atwood wrote:

Maybe they should manufacture better value products rather than relying on manipulating their currency to sell their shite, I mean crap, I mean products.

"Where it should be"--truly egotistical tripe. How the f989k do you know know where "it should be"?

I don't know. I'd buy a Hyundai before I would buy an American car, and I'm American.

See you in my rear-view mirror.
http://www.teslamotors.com/models

i would very much love a tesla, but no, see you in my rear-view mirror isn't an accurate statement for one of their cars.

perhaps "see you in my rear-view mirror only in certain areas of california at 2-3 times the cost of your car" would be better.

but yeah, i'm in the same boat as young clinton. chrysler and chevy are jokes and have been since well, pretty much forever and ford just recently got their game together not unlike a certain hyundai/kia pair. i'd take a german or korean car over an american one any day

mr_thehorse

Joined: 27 Aug 2013

Posted: Mon Apr 14, 2014 5:50 pm Post subject:

Underwaterbob wrote:

Is this strong won? I was under the impression the Canadian dollar was tanking.

in atwood's mind that is total manipulation by Korea.

get a clue underwaterbob. Laughing

mr_thehorse

Joined: 27 Aug 2013

Posted: Mon Apr 14, 2014 5:54 pm Post subject:

atwood wrote:

mr_thehorse wrote:

atwood wrote:

Steelrails wrote:

Ugh, no. A strong won is not a good thing in an export-driven economy like Korea's. Hopefully the rate will go back over 1100 or so, where it should be.

Maybe they should manufacture better value products rather than relying on manipulating their currency to sell their shite, I mean crap, I mean products.

atwood,

Just an observation. Isnt the strong Won evidence that its not being AS manipulated as other currencies are?

If you read the policy statements from the BOK, they seem rather reluctant or grudgingly engaging in beggar thy neighbor monetary policies.

Consider.. you have(had?) the US engaging in a direct policy of dollar debasement, you have the Japanese doing their grand Abenomics experiment, you have China keeping the RMB at a low peg to the USD.

Furthermore, Korean products are popular. If they weren't, the currency would be flat lined. You may think they are rubbish. Enough people disagree. People buy products, economy does well. currency gets stronger.

IMO, there is alot to bitch about in Korea. This isn't one of them.

Thanks

[/b]

The U.S. monetary policy is not about "dollar debasement," whatever the heck that is.

Korean products are popular because they are cheap. They need a weak currency to keep them that way so they can sell them.

China and Japan manipulate their currencies? No kidding.

Get back to me when you have a clue.

You're welcome.

fascinating the stupidity in this one.

Steelrails

Joined: 12 Mar 2009
Location: Earth, Solar System

Posted: Mon Apr 14, 2014 6:07 pm Post subject:

atwood wrote:

Herr G, I can compare it to any kind of car I like. The US is a free country where one can drive the car of his or her choosing.

Then why does Car and Driver compare Hyundais to Toyotas, Fords, and Dodges? Why not BMWs, Cadillacs, and Teslas?

It's because they are completely different kinds of cars. Seriously atwood, NOT the comparison to make if you want to sound like you are making a reasonable argument.

Quote:

Such as 27 countries in the EU "are few and far between, usually tourist-driven small countries."

The EU has MEPs and it engages in currency manipulation.

Quote:

BTW monetary policy is not equivalent to currency manipulation, Herr G.

Monetary policy is when you do it. Currency manipulation is when someone else does it. Please tell me you aren't that naive and blinded by nationalism to realize that.

Quote:

he Fed has two, TWO, objectives: controlling inflation and full employment. It is not in the business of currency manipulation to support exports.

Google "Federal Reserve" and "Currency Manipulation" and you'll see plenty people accusing it of doing just that. Certainly as many people as accuse Koreans of being loud and spitting, so it must be true.

Quote:

What I don't get is why you decided to post your drivel on a thread that was, originally, very clearly about the exchange rate changing in favor of the OP and nothing more. Now it's about the quality of Korean exports. Why?!?!?!?!?!? Because you turned it into that.

I didn't turn it into that. atwood did. Look at the record. I DID link currency to exports, which is pretty reasonable considering there is a long history of Korea adjusting its currency to stimulate exports.

What my underlying point was is this- When people post and complain about the won and "where it should be", they invariably do so with their narrow perspective in mind. All they care about is sending money back home and buying imported luxuries here. They don't give a damn about people's jobs or the welfare of the country. Korea's monetary policy should exist to further their aims. Of course, people expect Koreans to turn out en masse to denounce MBC stories about us.

You see this in posts about the big box stores, imports, trade, etc. Very seldom do people stop to consider the full ramifications of things and genuinely consider the welfare of the Korean people. There may be some lines about "cheaper goods" but that's akin to people who want to ban smoking using restaurant workers as props to further their agenda.

Now, this isn't necessarily conscious. Many people in a calm setting, if asked, would readily agree that the needs of the Korean people come first. But sadly, when excited, they revert to their narrow perspective.

Quote:

There's a large consumer class in Korea that benefits from a stronger won, which gives them more buying power. Plus, with some many Koreans supporting others who are overseas, this gives them more buying power when they exchange money. And, don't forget how many Koreans travel overseas. This is good for them, too.

There's a lot more people dependent upon exports not just for luxury consumer goods, but for their very livelihoods. Do you not see the difference there?

Now, you made a good point about manufacturers possibly wanting a stronger won to purchase raw materials, and there's certainly a case to be made for that and there are times where that might be necessary.

But you don't hear people posting about that as a good reason. It's all about THEM. Sending money home and buying luxury goods. Anger and frustration over a currency that doesn't exist to fulfill their temporary worker needs. Like a worker who thinks the boss and company exist to make them happy.

Zyzyfer

Joined: 29 Jan 2003
Location: who, what, where, when, why, how?

Posted: Mon Apr 14, 2014 6:31 pm Post subject:

Steelrails wrote:

Quote:

Looking at the first couple of posts, yes, atwood brought up export quality first. But still? Why bring up exports in the first place (and open up that can of worms) when OP was clearly like, "Wow, good exchange rate for us Canadians! Yee-hah!"

Not everyone wants to have a robust discussion every time they post on here. Some people want to gloat about frivolous things without thinking about the full body of implications based on that frivolous post.

Quote:

What my underlying point was is this- When people post and complain about the won and "where it should be", they invariably do so with their narrow perspective in mind. All they care about is sending money back home and buying imported luxuries here. They don't give a damn about people's jobs or the welfare of the country. Korea's monetary policy should exist to further their aims. Of course, people expect Koreans to turn out en masse to denounce MBC stories about us.

None of this has anything to do with the OP. OP said the exchange rate was nice for Canadians right now, nothing more.

Quote:

You see this in posts about the big box stores, imports, trade, etc. Very seldom do people stop to consider the full ramifications of things and genuinely consider the welfare of the Korean people. There may be some lines about "cheaper goods" but that's akin to people who want to ban smoking using restaurant workers as props to further their agenda.

And now we can see it in threads about exchange rate fluctuations, too! Thanks, man.

Quote:

Now, this isn't necessarily conscious. Many people in a calm setting, if asked, would readily agree that the needs of the Korean people come first. But sadly, when excited, they revert to their narrow perspective.

The thread was supposed to be about THE EXCHANGE RATE. NOT Korea versus the West, NOT the effects of the exchange rate on the economic performance of the export-driven nation of Korea, NOT the effects of big box stores on the Korean economy, NOT on smoking.

If you and atwood both can't knock off your agenda-laden posts against each other in this thread then I think it's time for me to take a healthy little vacation from this board. Enough is enough.

atwood

Joined: 26 Dec 2009

Posted: Mon Apr 14, 2014 6:43 pm Post subject:

Jongno2bucheon wrote:

atwood wrote:

Jongno2bucheon wrote:

atwood wrote:

mr_thehorse wrote:

atwood wrote:

Steelrails wrote:

Ugh, no. A strong won is not a good thing in an export-driven economy like Korea's. Hopefully the rate will go back over 1100 or so, where it should be.

Maybe they should manufacture better value products rather than relying on manipulating their currency to sell their shite, I mean crap, I mean products.

Quantitative easing isnt about dollar debasement?

Korean products are cheap?

Are you aware we are in the year 2014? Laughing

It's really quite simple.

The Fed has two, TWO, objectives: controlling inflation and full employment. It is not in the business of currency manipulation to support exports.

Korean products aren't cheap in Korea, but in the U.S. , sure. And Korean products is becoming more and more a misnomer as they are being manufactured in China, Vietnam, and wherever cheap labor can be found.

Quantitative easing is not a typical Fed policy. But it is a fact that Japan, US, and China have ndirectly or directly devalued their currency to a much much greater extent than Korea and Australia. The world stopped living in absolutes and adhering to inflexible policies when the financial crisis hit.

In the US, Samsung tvs are considered a premium brand dood. Been a while since you been there huh? also overseas manufactering is what all electronics companies do. If anything thats what keeps currency manipulation less effective sinces its being manufactered elsewhere.

No, it's mid-level, above the Visios and the like but below the real premium brands like Panasonic. But the differences aren't big enough and new TVs usually so much better that what consumers have when they go to by, that very few are willing to spend the extra for the best. And I can't say that I blame them.

AS for manufacturing overseas, there's still a local currency to be repatriated and converted to won. So a weaker won still means more profit, which is important to companies that sell on price and have slim profit margins to begin with.

QE has helped economies such as Korea's, which wants the policy to continue, so it makes no sense to compare it to the currency manipulation Korea engages in.

Steelrails

Joined: 12 Mar 2009
Location: Earth, Solar System

Posted: Mon Apr 14, 2014 6:43 pm Post subject:

Quote:

Six years of awful exchange rates. About bloody time.

Seemed like there was a value judgment in there. And I think its a fair to mention at least the reasons for having a weak won. I didn't put in a Steelrails-treatise. I gave a one line response and my opinion as to why we shouldn't reflexively cheer for a strong won.

But its really hard to discuss exchange rates without discussing exports in a country like Korea.

Anyways, you may get your wish. What I talked about in the PM.

atwood

Joined: 26 Dec 2009

Posted: Mon Apr 14, 2014 7:04 pm Post subject:

mr_thehorse wrote:

atwood wrote:

mr_thehorse wrote:

atwood wrote:

Steelrails wrote:

Ugh, no. A strong won is not a good thing in an export-driven economy like Korea's. Hopefully the rate will go back over 1100 or so, where it should be.

Maybe they should manufacture better value products rather than relying on manipulating their currency to sell their shite, I mean crap, I mean products.

fascinating the stupidity in this one.

How droll, a talking horse.

atwood

Joined: 26 Dec 2009

Posted: Mon Apr 14, 2014 7:11 pm Post subject:

wishfullthinkng wrote:

atwood wrote:

young_clinton wrote:

atwood wrote:

I don't know. I'd buy a Hyundai before I would buy an American car, and I'm American.

See you in my rear-view mirror.
http://www.teslamotors.com/models

Teslas are selling everywhere, not just California. That's why NJ dealers got Fat Chris to try and put a stop to Tesla sales there.

Don't forget Cadillacs and Buicks. Current German cars aren't what they used to be.

Keep an open mind to enjoy the open road!

Very Happy

mr_thehorse

Joined: 27 Aug 2013

Posted: Mon Apr 14, 2014 7:15 pm Post subject:

atwood wrote:

mr_thehorse wrote:

atwood wrote:

mr_thehorse wrote:

atwood wrote:

Steelrails wrote:

Ugh, no. A strong won is not a good thing in an export-driven economy like Korea's. Hopefully the rate will go back over 1100 or so, where it should be.

Maybe they should manufacture better value products rather than relying on manipulating their currency to sell their shite, I mean crap, I mean products.

fascinating the stupidity in this one.

How droll, a talking horse.

you made yourself look like an ass. deal with it kid.

atwood

Joined: 26 Dec 2009

Posted: Mon Apr 14, 2014 7:15 pm Post subject:

Zyzyfer wrote:

Steelrails wrote:

Quote:

None of this has anything to do with the OP. OP said the exchange rate was nice for Canadians right now, nothing more.

Quote:

And now we can see it in threads about exchange rate fluctuations, too! Thanks, man.

Quote:

Thank you for correcting me. I extend my sincerest apologies and as penance will sing out:

O Canada!
Our home and native land!
True patriot love in all thy sons command.

With glowing hearts we see thee rise,
The True North strong and free!

From far and wide,
O Canada, we stand on guard for thee.

God keep our land glorious and free!
O Canada, we stand on guard for thee.
O Canada, we stand on guard for thee.

And a yippee ki yay for the Korean-Canadian exchange rate.

Jongno2bucheon

Joined: 11 Mar 2014

Posted: Mon Apr 14, 2014 9:26 pm Post subject:

crescent wrote:

Jongno2bucheon wrote:

In the US, Samsung tvs are considered a premium brand dood. Been a while since you been there huh?

LOL! Samsung is not considered a premium brand in the west. I'm in Canada right now, and unless the US has lower standards, then I say you don't know what you're talking about. Samsung is considered good value for the price, that's it. LG is a laughing stock.
If Samsung, as you say, is considered a 'premium' brand in the west, then why are N.American appliance repair companies advising AGAINST buying them? I'll tell you why. Because they are made cheap, with a flimsy base warranty.

youre canadian? and you think your opinion shapes anything west related? please.

www.consumerreports.org/cro/2013/03/find-the-best-plasma-and-lcd-tvs/index.htm

this is pretty accurate. vizio and toshiba are lower brands. panasonic samsung and lg are considered higher end.

so funny.... a canadian acting like this. lol

dood be thankful justin beiber isnt kicked out right now

Jongno2bucheon

Joined: 11 Mar 2014

Posted: Mon Apr 14, 2014 9:34 pm Post subject:

atwood wrote:

Jongno2bucheon wrote:

atwood wrote:

Jongno2bucheon wrote:

atwood wrote:

mr_thehorse wrote:

atwood wrote:

Steelrails wrote:

Ugh, no. A strong won is not a good thing in an export-driven economy like Korea's. Hopefully the rate will go back over 1100 or so, where it should be.

Maybe they should manufacture better value products rather than relying on manipulating their currency to sell their shite, I mean crap, I mean products.

Quantitative easing isnt about dollar debasement?

Korean products are cheap?

Are you aware we are in the year 2014? Laughing

panasonic was no 1 in plasmas. but plasmas tvs are out now

samsung lcds were no 1 over panasonic

led and smart tvs its pretty much lg samsung and panasonic

anyways your arguments were pretty bad. korean products are low quality and only compete on price? You should have studied harder in school it seems

atwood

Joined: 26 Dec 2009

Posted: Mon Apr 14, 2014 10:36 pm Post subject:

Jongno2bucheon wrote:

atwood wrote:

Jongno2bucheon wrote:

atwood wrote:

Jongno2bucheon wrote:

atwood wrote:

mr_thehorse wrote:

atwood wrote:

Steelrails wrote:

Ugh, no. A strong won is not a good thing in an export-driven economy like Korea's. Hopefully the rate will go back over 1100 or so, where it should be.

Maybe they should manufacture better value products rather than relying on manipulating their currency to sell their shite, I mean crap, I mean products.

Quantitative easing isnt about dollar debasement?

Korean products are cheap?

Are you aware we are in the year 2014? Laughing

Obviously good enough to stop you from being able to refute them. Otherwise, you wouldn't resort to elementary school-level insults.

But if you're satisfied with the low cost spread, more power to you. I'd rather bring out the Hellmann's and bring out the best.

And kudos to Samsung's American ad agency for selling you a real bill of goods.

Very Happy

mr_thehorse

Joined: 27 Aug 2013

Posted: Tue Apr 15, 2014 12:19 am Post subject:

atwood wrote:

Jongno2bucheon wrote:

atwood wrote:

Jongno2bucheon wrote:

atwood wrote:

Jongno2bucheon wrote:

atwood wrote:

mr_thehorse wrote:

atwood wrote:

Steelrails wrote:

Ugh, no. A strong won is not a good thing in an export-driven economy like Korea's. Hopefully the rate will go back over 1100 or so, where it should be.

Maybe they should manufacture better value products rather than relying on manipulating their currency to sell their shite, I mean crap, I mean products.

Quantitative easing isnt about dollar debasement?

Korean products are cheap?

Are you aware we are in the year 2014? Laughing

par for the course to the kid who calls his twin brother joseph goebbels.

atwood and a tub of mayo. that would explain alot. my apologies. i'll leave you alone now. Very Happy

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