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wanderingsalsero
Joined: 23 Dec 2006
Location: Houston, TX.
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 Posted: Tue Sep 08, 2009 3:17 pm Post subject: Gas shortages....repercussions for teachers? |
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One of my KETs gives me a ride to work every day and today he mentioned to me that they(i.e. the teachers) had been told that some sort of directive had come down from Gyeonggi Educational.......that because of the high and rising price of gas they were supposed to not drive their cars to work every 5th day.
Is it that bad?
If true, does that have any implications for our job security?
Wondering,
Art |
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asmith
Joined: 18 Jun 2009
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| Posted: Tue Sep 08, 2009 3:30 pm Post subject: Re: Gas shortages....repercussions for teachers? |
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| wanderingsalsero wrote: |
One of my KETs gives me a ride to work every day and today he mentioned to me that they(i.e. the teachers) had been told that some sort of directive had come down from Gyeonggi Educational.......that because of the high and rising price of gas they were supposed to not drive their cars to work every 5th day.
Is it that bad?
If true, does that have any implications for our job security?
Wondering,
Art |
We are currently in a depression which is deepening.
The question is whether it will be inflationary or deflationary.
If the dollar tanks, it will take the won with it.
Then you could see oil prices shooting over 200 dollars a barrel.
These are scary times. |
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Deep Thirteen
Joined: 18 Jun 2009
Location: Swamp Land
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| Posted: Tue Sep 08, 2009 3:38 pm Post subject: |
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You've been asmith-rolled.
There's two other threads, one in Job Discussion and the other in Off Topic you'd be interested in Prophet smith. One has the world "recession" in the title, the other has the word "decline" in it.
Last edited by Deep Thirteen on Tue Sep 08, 2009 3:39 pm; edited 1 time in total |
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poeticjustice
Joined: 28 Feb 2009
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| Posted: Tue Sep 08, 2009 3:39 pm Post subject: |
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| Fewer cars on the streets. I can't see a negative side to this. |
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wanderingsalsero
Joined: 23 Dec 2006
Location: Houston, TX.
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| Posted: Tue Sep 08, 2009 4:01 pm Post subject: another possibly related observation |
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i've noticed that the crowds in some of the salsa clubs I go to don't seem as consistently big for the last several weeks.
Art |
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azzwell
Joined: 15 Jan 2003
Location: where the girls from Super Junior cannot find me
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| Posted: Tue Sep 08, 2009 4:03 pm Post subject: |
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| just to let you know, asmith, depression=less oil usage=lower prices. This is why oil was near 40$ a barrel just a few months ago. Get it right Mr. Doom and Gloom. |
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nathanrutledge
Joined: 01 May 2008
Location: Marakesh
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| Posted: Tue Sep 08, 2009 4:18 pm Post subject: |
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| azzwell wrote: |
| just to let you know, asmith, depression=less oil usage=lower prices. This is why oil was near 40$ a barrel just a few months ago. Get it right Mr. Doom and Gloom. |
But if the United States continues its reckless fiscal and monetary policies (huge deficit spending many years in a row, consistently pumping dollars in and out of the market), the dollar will lose strength. Since the oil market is in dollars, a weaker dollar means more expensive oil, everything else being constant. So the real question is, will health care pass and will it take the dollar down with it?
ANYWAY, last year when the recession/depression/f-up started, the price of gas here skyrocketed and the government told all government employees to drive on certain days and use buses on other days. My principal lives over an hour away from here by car was taking the subway and bus. I don't understand why they are bringing it up again though? |
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OiGirl
Joined: 23 Jan 2003
Location: Hoke-y-gun
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| Posted: Tue Sep 08, 2009 4:18 pm Post subject: |
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| This has been government policy for years and sporadically enforced. |
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asmith
Joined: 18 Jun 2009
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| Posted: Tue Sep 08, 2009 8:50 pm Post subject: |
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| azzwell wrote: |
| just to let you know, asmith, depression=less oil usage=lower prices. This is why oil was near 40$ a barrel just a few months ago. Get it right Mr. Doom and Gloom. |
Actually, the dollar index is now below 78.
Gold has broken past 1000 dollars an ounce.
Oil prices will rise as the dollar falls because oil is bought and traded using dollars.
Can you say inflationary depression? Can you say Weimer Republic? Can you say Argentina?
Things are going to get pretty darn bad. |
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wanderingsalsero
Joined: 23 Dec 2006
Location: Houston, TX.
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| Posted: Tue Sep 08, 2009 9:05 pm Post subject: If the dollar continues to get weaker |
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I don't really understand the math of this currency stuff.
If the dollar get weaker, what will that do to our situation vis a vis buying stuff that's priced in dollars from the states? Especially considering that unique (?) relationship between US and Korean currency?
Art |
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nathanrutledge
Joined: 01 May 2008
Location: Marakesh
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| Posted: Tue Sep 08, 2009 9:16 pm Post subject: |
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The Korean government doesn't *beep* out it's currency the way the US government does. As such, the Korean central bank has a lot more leverage over controlling the value of the won. And they do control it.
It's all supply and demand, wanderingsalsero. If there are more dollars than people demanding them, the price drops, and if there are more people less dollars, they rise. So, if the Korean govt floods the market with won it will make the won less valuable and the dollar more valuable (in relation to the won), which right now they are keeping it around 1250 to 1 (another thread around here talks about that, good news article in the paper a few weeks back too).
It depends on why the dollar gets weaker and what it gets weaker against. If it drops against everything, that means that the won will be stronger and we can buy more dollars, which is good (for us, at least). |
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madoka
Joined: 27 Mar 2008
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| Posted: Tue Sep 08, 2009 9:17 pm Post subject: |
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| asmith wrote: |
| Can you say inflationary depression? |
I'm about to put an offer on a fairly expensive house (over $1 million). If my offer is accepted, I hope to god there is massive inflation.  |
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bassexpander
Joined: 13 Sep 2007
Location: Someplace you'd rather be.
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| Posted: Tue Sep 08, 2009 11:03 pm Post subject: |
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| madoka wrote: |
| asmith wrote: |
| Can you say inflationary depression? |
I'm about to put an offer on a fairly expensive house (over $1 million). If my offer is accepted, I hope to god there is massive inflation. |
It's the constant posts referencing expensive houses, cars, you income, etc., that tell us all you're a fake.
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Xuanzang
Joined: 10 Apr 2007
Location: Sadang
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| Posted: Tue Sep 08, 2009 11:12 pm Post subject: |
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| I thought the reason they dont drive is because of the sticker on their dashboard. Monday, Wednesday, etc. |
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madoka
Joined: 27 Mar 2008
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| Posted: Wed Sep 09, 2009 12:07 am Post subject: |
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| bassexpander wrote: |
| It's the constant posts referencing expensive houses, cars, you income, etc., that tell us all you're a fake. |
Wow. Your jealousy is really quite pathetic. Perhaps if you were smarter or worked harder or even stopped wasting your time trolling Dave's, you could provide for your family better. Then you wouldn't be so concerned about how much I make. |
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