| View previous topic :: View next topic |
| Author |
Message |
World Traveler
Joined: 29 May 2009
|
 Posted: Thu Sep 01, 2011 2:47 pm Post subject: South Korea inflation hits three-year high |
 |
|
| Quote: |
| August�s surge in inflation confirmed that agriculture is the weak point for Asia�s fourth biggest economy. Food prices rose 13.3 per cent compared with a year earlier. Inflation has now passed the 4 per cent ceiling, which the government has set as its target, for eight consecutive months. |
http://www.ft.com/cms/s/0/6c932682-d482-11e0-a42b-00144feab49a.html#axzz1WjkTpp3U |
|
| Back to top |
|
 |
TL
Joined: 30 Mar 2008
|
| Posted: Thu Sep 01, 2011 3:31 pm Post subject: |
|
|
| I wouldn't be surprised if vegetable prices move up further in the fall due to all the rain we received this summer. |
|
| Back to top |
|
|
mmstyle
Joined: 17 Apr 2006
Location: wherever
|
| Posted: Thu Sep 01, 2011 3:51 pm Post subject: |
|
|
| I've heard that this year's rice harvest was the worst in a long time. |
|
| Back to top |
|
|
Ya-ta Boy
Joined: 16 Jan 2003
Location: Established in 1994
|
| Posted: Fri Sep 02, 2011 5:52 am Post subject: |
|
|
| All that rain has to have had an impact, but....3 years? Big deal. Worst in 30 years...big deal. |
|
| Back to top |
|
|
NohopeSeriously
Joined: 17 Jan 2011
Location: The Christian Right-Wing Educational Republic of Korea
|
| Posted: Fri Sep 02, 2011 5:56 am Post subject: |
|
|
Let's blame Lee Myung-bak who wanted to raise the inflation in the first place.  |
|
| Back to top |
|
|
Captain Corea
Joined: 28 Feb 2005
Location: Seoul
|
| Posted: Fri Sep 02, 2011 6:07 am Post subject: |
|
|
| NohopeSeriously wrote: |
| Let's blame Lee Myung-bak who wanted to raise the inflation in the first place. |
ooorrrr... we could blame a host of other factors.
I'm curious; why do you think LMB wanted/wants to raise the rate of inflation? |
|
| Back to top |
|
|
NohopeSeriously
Joined: 17 Jan 2011
Location: The Christian Right-Wing Educational Republic of Korea
|
| Posted: Fri Sep 02, 2011 6:26 am Post subject: |
|
|
| Captain Corea wrote: |
ooorrrr... we could blame a host of other factors.
I'm curious; why do you think LMB wanted/wants to raise the rate of inflation? |
It perfectly matches with his "big business" political direction. This is just like his 4 Grand Waterway Project with a white-collar criminal intention. Come on, a lot of Koreans knows this simple yet brutal fact.
By the way, it's not LMB; it's 2MB (standard abbreviation of his name in the internet-space). |
|
| Back to top |
|
|
Captain Corea
Joined: 28 Feb 2005
Location: Seoul
|
| Posted: Fri Sep 02, 2011 6:44 am Post subject: |
|
|
| NohopeSeriously wrote: |
| Captain Corea wrote: |
ooorrrr... we could blame a host of other factors.
I'm curious; why do you think LMB wanted/wants to raise the rate of inflation? |
It perfectly matches with his "big business" political direction. This is just like his 4 Grand Waterway Project with a white-collar criminal intention. Come on, a lot of Koreans knows this simple yet brutal fact.
By the way, it's not LMB; it's 2MB (standard abbreviation of his name in the internet-space). |
Again, I'll ask - When did he say he wanted to raise inflation? |
|
| Back to top |
|
|
NohopeSeriously
Joined: 17 Jan 2011
Location: The Christian Right-Wing Educational Republic of Korea
|
| Posted: Fri Sep 02, 2011 7:43 am Post subject: |
|
|
| Captain Corea wrote: |
| Again, I'll ask - When did he say he wanted to raise inflation? |
His MBnomics speech in 2008. Ring any bell? His macrobusiness policy is to encourage the inflation in some way to help the big business scene.
I recommend that you should stop supporting 2MB. |
|
| Back to top |
|
|
Captain Corea
Joined: 28 Feb 2005
Location: Seoul
|
| Posted: Fri Sep 02, 2011 4:13 pm Post subject: |
|
|
| NohopeSeriously wrote: |
| Captain Corea wrote: |
| Again, I'll ask - When did he say he wanted to raise inflation? |
His MBnomics speech in 2008. Ring any bell? His macrobusiness policy is to encourage the inflation in some way to help the big business scene.
I recommend that you should stop supporting 2MB. |
Mind linking to the quote where he said he wanted inflation to rise? |
|
| Back to top |
|
|
Soth
Joined: 06 Aug 2009
|
| Posted: Fri Sep 02, 2011 4:18 pm Post subject: |
|
|
not only big business is happy when inflation rises, I have small business in SK and usually cry when dollar falls (again and again)  |
|
| Back to top |
|
|
NohopeSeriously
Joined: 17 Jan 2011
Location: The Christian Right-Wing Educational Republic of Korea
|
| Posted: Fri Sep 02, 2011 5:42 pm Post subject: |
|
|
| Captain Corea wrote: |
| Mind linking to the quote where he said he wanted inflation to rise? |
He did say this when he announced something about deducting taxes for the rich. this was the main topic of 2008 in Korea.
Like I said before. 2MB, the President of Korea, is the biggest threat to the Korean public. |
|
| Back to top |
|
|
goreality
Joined: 09 Jul 2009
|
| Posted: Sun Sep 04, 2011 9:49 pm Post subject: |
|
|
| I think some people are confusing his currency policy with his inflation policy. Although linked, they are different. I doubt he came out and said "I want to increase inflation." LMB's economic policies were aimed at keeping the value of the Won relatively low, increased inflation was a side effect. Now inflation is too high, raising the value of the Won will lower this somewhat. Although, it will lower the value of exports and slow down economic growth. Toying with the economy is complicated and your tactics have to change with the global environment. |
|
| Back to top |
|
|
TheUrbanMyth
Joined: 28 Jan 2003
Location: Retired
|
| Posted: Tue Sep 06, 2011 6:12 am Post subject: |
|
|
| NohopeSeriously wrote: |
| [I recommend that you should stop supporting 2MB. |
Yes, let's recommend that English teachers (most of who can't vote anyway) stop supporting the most English-friendly president Korea's ever had. |
|
| Back to top |
|
|
NohopeSeriously
Joined: 17 Jan 2011
Location: The Christian Right-Wing Educational Republic of Korea
|
| Posted: Wed Sep 07, 2011 10:10 pm Post subject: |
|
|
| TheUrbanMyth wrote: |
| Yes, let's recommend that English teachers (most of who can't vote anyway) stop supporting the most English-friendly president Korea's ever had. |
English-friendly president? He's the Hagweon-friendly anti-foreign president. Roh was the only South Korean president to actually care about foreigners in Korea. |
|
| Back to top |
|
|
|
FAQ
Search
Memberlist
Usergroups
Register
Profile
Log in to check your private messages
Log in
