Comments on: Get to that bank! http://www.rjkoehler.com/2006/10/09/get-to-that-bank/ Korea... in Blog Format Fri, 16 May 2008 03:33:24 +0000 http://wordpress.org/?v=2.5.1 By: Dram_man http://www.rjkoehler.com/2006/10/09/get-to-that-bank/#comment-51266 Dram_man Tue, 10 Oct 2006 05:29:45 +0000 http://www.rjkoehler.com/2006/10/09/get-to-that-bank/#comment-51266 Yes, the won has recovered a bit today, but my chips are still in the US Dollar space. Do not worry folks, if I am wrong am more than willing to take my lumps. :) Yes, the won has recovered a bit today, but my chips are still in the US Dollar space.

Do not worry folks, if I am wrong am more than willing to take my lumps. :)

]]> By: Ruminations in Korea » Am I Psychic or What? North Korea Nuke NOT a Nuke??? http://www.rjkoehler.com/2006/10/09/get-to-that-bank/#comment-51262 Ruminations in Korea » Am I Psychic or What? North Korea Nuke NOT a Nuke??? Tue, 10 Oct 2006 04:18:12 +0000 http://www.rjkoehler.com/2006/10/09/get-to-that-bank/#comment-51262 [...] Yesterday over at The Marmot’s Hold, guest writer Dram_man announced that the Korean Won is in freefall as a result of North Korea’s “nuclear test”. In his article titled, “Get To That Bank!“, He urged people to “Get your savings pulled out now before things get really bad. “ [...] [...] Yesterday over at The Marmot’s Hold, guest writer Dram_man announced that the Korean Won is in freefall as a result of North Korea’s “nuclear test”. In his article titled, “Get To That Bank!“, He urged people to “Get your savings pulled out now before things get really bad. “ [...]

]]> By: hardyandtiny http://www.rjkoehler.com/2006/10/09/get-to-that-bank/#comment-51236 hardyandtiny Mon, 09 Oct 2006 22:56:14 +0000 http://www.rjkoehler.com/2006/10/09/get-to-that-bank/#comment-51236 Sell the baby rings! We're all gonna die! Sell the baby rings! We’re all gonna die!

]]> By: SomeguyinKorea http://www.rjkoehler.com/2006/10/09/get-to-that-bank/#comment-51180 SomeguyinKorea Mon, 09 Oct 2006 15:05:37 +0000 http://www.rjkoehler.com/2006/10/09/get-to-that-bank/#comment-51180 Either way, I've already lost a little fortune because I'm Canadian. The Canadian dollar is, in my opinion, overvalued right now. Either way, I’ve already lost a little fortune because I’m Canadian. The Canadian dollar is, in my opinion, overvalued right now.

]]> By: Left Flank - Post details: Nuke-Spinning http://www.rjkoehler.com/2006/10/09/get-to-that-bank/#comment-51166 Left Flank - Post details: Nuke-Spinning Mon, 09 Oct 2006 12:25:59 +0000 http://www.rjkoehler.com/2006/10/09/get-to-that-bank/#comment-51166 [...] Yet, far from shooting speculative fish in a blogging barrel, I do have to say this development concerns me in the only place where right now I have a firm attachment, my money. As a politics/IR junkie and student, I strive for some detachment on issues like today’s, but, because speculation trips up the stock and exchange markets, I have to hope others don’t lose thie heads. [...] [...] Yet, far from shooting speculative fish in a blogging barrel, I do have to say this development concerns me in the only place where right now I have a firm attachment, my money. As a politics/IR junkie and student, I strive for some detachment on issues like today’s, but, because speculation trips up the stock and exchange markets, I have to hope others don’t lose thie heads. [...]

]]> By: Mark http://www.rjkoehler.com/2006/10/09/get-to-that-bank/#comment-51160 Mark Mon, 09 Oct 2006 11:51:45 +0000 http://www.rjkoehler.com/2006/10/09/get-to-that-bank/#comment-51160 Sounds like Uncle Sam is about to get a bargain on overseas housing allowance. ;) Must be bad news for the USFK servicemembers/employees that are in collusion with the Koreans; their kickbacks are going to be worth much less in dollars if they ever go back to the States. Guess they'll be paying for that new Mercedes/BMW/Lexus in won sometime in the next few weeks. Better pull that <a href="http://www.usdoj.gov/usao/cac/pr2002/103.html" rel="nofollow">money out of the mattress</a> and spend it, ajumma! Sounds like Uncle Sam is about to get a bargain on overseas housing allowance. ;)

Must be bad news for the USFK servicemembers/employees that are in collusion with the Koreans; their kickbacks are going to be worth much less in dollars if they ever go back to the States.

Guess they’ll be paying for that new Mercedes/BMW/Lexus in won sometime in the next few weeks. Better pull that money out of the mattress and spend it, ajumma!

]]> By: AFCHIEF http://www.rjkoehler.com/2006/10/09/get-to-that-bank/#comment-51151 AFCHIEF Mon, 09 Oct 2006 10:20:25 +0000 http://www.rjkoehler.com/2006/10/09/get-to-that-bank/#comment-51151 Mr Carr - What is “endaka"? Is it something we should worry about? Mr Carr - What is “endaka”? Is it something we should worry about?

]]> By: Brendon Carr http://www.rjkoehler.com/2006/10/09/get-to-that-bank/#comment-51144 Brendon Carr Mon, 09 Oct 2006 08:29:54 +0000 http://www.rjkoehler.com/2006/10/09/get-to-that-bank/#comment-51144 And if the won is 16% <b>undervalued</b> against the dollar, that means the won may be expected to come under pressure to <b>gain</b> value. From W950=$1.00 a 16% adjustment takes us to W820=$1.00. Selling out your won now is a sucker's bet, because what's going to happen will be an overshoot in the classic (<i>endaka</i>) sense -- hello W750=$1.00. Put that together with the ill-conceived (okay, <b>idiotic</b>) policy choice of the Roh "administration" to choke off the supply of new housing construction in Seoul, and being a homeowner (as I am) will look real smart in the next three years. The best part is, I bought that apartment with Korean currency mostly earned when Won was W2000=$1.00 or, more realistically, W1300=$1.00. The bad news is, most of my clients want to be billed (and pay) in US Dollars. And if the won is 16% undervalued against the dollar, that means the won may be expected to come under pressure to gain value. From W950=$1.00 a 16% adjustment takes us to W820=$1.00. Selling out your won now is a sucker’s bet, because what’s going to happen will be an overshoot in the classic (endaka) sense — hello W750=$1.00. Put that together with the ill-conceived (okay, idiotic) policy choice of the Roh “administration” to choke off the supply of new housing construction in Seoul, and being a homeowner (as I am) will look real smart in the next three years. The best part is, I bought that apartment with Korean currency mostly earned when Won was W2000=$1.00 or, more realistically, W1300=$1.00.

The bad news is, most of my clients want to be billed (and pay) in US Dollars.

]]> By: Haisan http://www.rjkoehler.com/2006/10/09/get-to-that-bank/#comment-51138 Haisan Mon, 09 Oct 2006 07:44:20 +0000 http://www.rjkoehler.com/2006/10/09/get-to-that-bank/#comment-51138 Crap crap crap. Of course I meant UNDERvalued. Crap crap crap. Of course I meant UNDERvalued.

]]> By: Haisan http://www.rjkoehler.com/2006/10/09/get-to-that-bank/#comment-51137 Haisan Mon, 09 Oct 2006 07:43:57 +0000 http://www.rjkoehler.com/2006/10/09/get-to-that-bank/#comment-51137 Most stuff I have read said that the won has hideously overvalued in 1997. I do not hear that these days. In fact, the Economist's latest Big Max Index would say the won is about 16% OVERvalued: http://www.oanda.com/products/bigmac/bigmac.shtml Most stuff I have read said that the won has hideously overvalued in 1997. I do not hear that these days. In fact, the Economist’s latest Big Max Index would say the won is about 16% OVERvalued:
http://www.oanda.com/products/bigmac/bigmac.shtml

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