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Korean Companies Hurting in U.S. Market These Days

 
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laconic2



Joined: 23 May 2005
Location: Wonderful World of ESL

PostPosted: Sun Oct 12, 2008 12:11 pm    Post subject: Korean Companies Hurting in U.S. Market These Days Reply with quote

Read all about it:

http://joongangdaily.joins.com/article/view.asp?aid=2896009
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sojourner1



Joined: 17 Apr 2007
Location: Where meggi swim and 2 wheeled tractors go sput put chug alugg pug pug

PostPosted: Sun Oct 12, 2008 3:26 pm    Post subject: Reply with quote

Sure, as credit (and jobs!) become more scarce and hard to come by in America, Americans will not continue buying all this stuff. This is going to slow the whole world down who is dependent on outsourcing American companies and consumers. The Korean economy got wealthy and is dependent on extracting wealth from the American economy through exports. This process we commonly call, "the global economy," can't keep pace and will cease at some point as America is running thin on money, credit, and jobs that produce raw physical wealth generating production. We have to be producing something like the Koreans and Chinese do in order to have the wealth to continue buying foreign goods or any for that matter.
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