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Moon Kil Woong  

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Latest  |  Highest rated
  • Greece: Should I Stay Or Should I Go... [View article]
    Thanks for the comment AFellow Traveler. Apparently he has not looked at Greece's economy. The people that work in the private sector are holding up the 2/3 of people getting government support or directly getting taxpayer money from government paychecks. Germany is right saying its not sustainable. The IMF knows its not just not sustainable but will just get worse.

    It is not curbing government spending that is killing the economy. It's the government and its leaders. Blaming the lenders for not lending more when you can't even afford to service your debt is like N. Korea blaming the USA for not giving them food aid every year when they don't spend a dime upgrading their farming sector.

    Last, sadly I am a bit of a negative broken record this cycle, but that's because you should see the ridiculousness this cycle is built upon. When a new cycle is born free from all the ridiculous planned economy, taxpayer backed, government and central bank props, I will gladly support it no mater how bad it looks to start like I have before. Why, because capitalism works and everything else has horrible unintended consequences usually experienced after the ones who developed them have waltzed away with money warping the capitalism we depend upon.
    Jun 21, 2015. 10:40 AM | 2 Likes Like |Link to Comment
  • China: Why The RMB Must Soften [View article]
    This may be China finally starting to capitulate and let their currency float freely. In that sense I applaud the move. As for the RMB falling, I think the operative term will be the dollar rising as rates increase in the US and the economy shows itself to be the same dead horse it has been for years now, but reaching the end of its cycle.

    This is why the US Federal reserve desperately wants to raise rates to give it buffer to help when the cycle turns down. However, it finds itself doing so at the end of the cycle which tends to make the cycle end even faster. Of course they don't say this and I guess they hope no one reads economic theory because that is the only reason to raise rates at this point in the game. It's not like inflation is killing them and other bond yields are moving up anyways as bets are going towards increased risk not decreased as they realize the economic cycle is getting a bit too long to look right by any means.
    Jun 21, 2015. 10:26 AM | 1 Like Like |Link to Comment
  • China: Let's TWIST Again [View article]
    Sadly they will get the same result, corporate buying to buy back shares and not increase investment. Borrowing in a low or falling growth market tends to be dumb.

    At least they are trying to neutralize some of their QE by sucking up money by buying up short term government bills. Still QE is QE and almost always ends with demands for more and more and then ends badly.
    Jun 21, 2015. 10:18 AM | Likes Like |Link to Comment
  • Greece considering last-ditch proposals for creditors: WSJ [View news story]
    OMW, tax loopholes and increased taxes will kill the economy more than pension reform. Why? Already only 1/3 of Greek people are working to provide for the whole nation and more than 50% are government leeches. Burdening them more will break the system I you call what they have there a system at all. It's certainly not capitalistic.

    Give the working guy a break and crack own on the leeching.
    Jun 21, 2015. 10:11 AM | 6 Likes Like |Link to Comment
  • Russian Central Bank Targets Rebuilding Of Foreign Reserves [View article]
    The best way to increase reserves is to kick Putin out of office and stop threatening and invading your neighbors. Russia is hoping to dump their oil on China, but China will undoubtedly get a good deal on it cheaper than market prices. Putin may blame the west, but he should be blaming himself.
    Jun 20, 2015. 11:10 AM | 2 Likes Like |Link to Comment
  • To Cash Or Not To Cash [View article]
    That is not my point. the point is to help people become aware of the issues and not bankrupt themselves. If I wanted to just make money I wouldn't even comment on Seeking Alpha. We have been done a similar road with Greenspan and we know it doesn't end well.

    Sure people love the asset gain now but it ends very abruptly when their asset becomes less than their purchase price and their debt to buy the asset becomes greater than what they bought. Watch out.
    Jun 20, 2015. 10:55 AM | 8 Likes Like |Link to Comment
  • Will South Korean Equities Take Off After A Japanese Rally? [View article]
    Korea is fine and a strong Won is not all bad. Why do pundits laud stock markets that have their currency drop 10% pecent and rise 14% and dis countries that have no depreciation and rise 4%? Chartists!
    Jun 20, 2015. 02:21 AM | Likes Like |Link to Comment
  • Apple: What Is The Future Of The Mac? [View article]
    Wrong, Mac and PCs are half of the equation. The real virtue of Apple is the seamless integration between mobile and PC. Without it you lose a lot. If Apple gives up on the computer market not only would I and others be sad, but Apple would be skating on thin ice 10 years from then.

    Those that give up in their market are seldom rewarded for a good reason, because loser is often pinned on them.
    Jun 20, 2015. 02:19 AM | Likes Like |Link to Comment
  • GDP Now - Unwinds The Uptick, Back At 1.9% [View instapost]
    LOL housing starts are up because the resumption of almost no down by Fannie and Freddie. Some people never learn, especially when only the taxpayers and dumb home buyers pay for the mistakes.
    Jun 20, 2015. 02:15 AM | Likes Like |Link to Comment
  • Credit Market Warning [View article]
    sadly a lot of bonds financial companies are packaging and dumping on little investors are the type that are illiquid or become illiquid the second things get rough. Buyer, please beware. Brokers are after their bosses interest, not yours.
    Jun 20, 2015. 02:13 AM | 3 Likes Like |Link to Comment
  • Argentina At A Crossroads [View article]
    After Greece falls expect other marginal economies to fall. Saving Greece will not forestall the effect simply because if it's not Greece it will be another country that will dash the misguided concept that there is no risk in sovereign debt. Countries running constantly worse debts and engaging in worse and worse economic behavior should have intrinsic risk added to their debt, not just due to default but also due to rate risk and decreased ability to deal with any uncertainty or downturn. As the behavior worsens so should the risk.

    No country should be above this including the US. Valuing sovereign debt correctly will help prevent terrible behavior because it decreases the rewards for bad economic policies and bad debt spending. Run high unsustainable deficits and face the consequences sooner rather than later. Floor your interest rates to zero and you still pay for the added risk of decreasing your monetary flexibility to deal with downturns. Engage in QE and pay higher rates due to lower growth and addiction to devaluing your money.

    The issue is countries are taking advantage of the bad valuation of sovereign debt due to the simplified and poor understanding they teach in school. Sovereign debt does have intrinsic risk which rises and falls based on how the country manages their finances and economy.
    Jun 20, 2015. 12:33 AM | 4 Likes Like |Link to Comment
  • The EPA and Pope Francis strange allies on greenhouse gas reform [View news story]
    Yawn, Obama is a lame duck. Good riddance.
    Jun 19, 2015. 04:49 PM | 7 Likes Like |Link to Comment
  • ARMOUR Residential REIT: A Broken mREIT [View article]
    Indeed this looks bad given the fact the Fed still is sitting on its rear end and has not raised their rates. When they do the REIT sector will look even worse.
    Jun 19, 2015. 04:48 PM | 2 Likes Like |Link to Comment
  • Fed Sticks To Course [View article]
    One, age is not a valid argument for ability.

    Two, It is clear the market is seriously doubting her about rate hikes.

    Three, her own arguments are not contradicting herself about not worrying. Worry about the speed of hikes and saying there will still be two this year increases the speed of rate hikes not the reverse.

    Four, many economists older and more qualified than her completely disagree with her.

    Five, the way the market reacts to her statements about rate hikes already shows that she lacks credibility that she will actually do what she says. I don't blame them since she has done 0 despite saying she is going to so far.

    Six, your comment is much more disrespectful and lacks valid arguments (as in 0) much more than mine.

    Seven, just because the market likes her for handing out free zirp rate passes every time she speaks doesn't mean she is good or helping the economy. Much like Greenspan, her tenure will probably result in a horrible crash due to even more lax policies than Greenspan who led our economy off a cliff. This is why economists loathe her the way people loathe gangrene. She seems to be professing over inflating asset prices into a crash without the safety rope of being able to lower interest rates. Good luck with that one.
    Jun 19, 2015. 02:15 PM | 1 Like Like |Link to Comment
  • SF Fed's Williams awaits higher inflation before rate hike [View news story]
    Ergo he doesn't want to raise rates until after the next down cycle. And then there is no need to raise rates because you need growth. And then you need jobs. And then you might be able to raise rates slightly. And then you will probably cause the economy to decline causing a new cycle where you need QE because you have almost floored rates again.

    How to these idiots get into the Federal Reserve. Oh I forgot, they only put idiots like this in there these days because they want summer to last forever and anyone warning a winter will come should be burned at the stake.
    Jun 19, 2015. 01:42 PM | 7 Likes Like |Link to Comment
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