김종찬의 안보경제블로그

US recession fears increase unemployment, ‘household cash reduction, low-income consumption decrease’ US recession fears are due to ‘household cash accumulation depletion’ and ‘low-income consumption decrease’, and the developer of ‘Sham’s Law’, which shows the third increase in unemployment rate, revealed that ‘a recession is possible within 3-6 months’.Despite several recession warnings by US ..

Foreigners Sell 1.4 Trillion Won in Stock Market Fear, Government Repeats ‘Debt Response’ for Domestic Use As the Korean stock market is facing a selloff of 1.4 trillion won due to fears over a US recession and the sharp drop in the dollar, the Korean government announced a ‘real response’ policy for domestic investors. On the 5th, Financial Services Commission Chairman Kim Byung-hwan announced,..

Trade deficit of $10 billion, consumption decline, Chinese demand weakening, deflation strengthening Deflation in China is growing due to weakening demand, and Korea has a trade deficit of $10 billion last year due to a decline in trade with China, indicating a continued recession due to falling imports and decreased consumption. According to the Korea National Statistical Office, the amount of ..

Chu Kyung-ho's 181 trillion won export fund 'spreading out' Chinese tourism for 3 months 'stimulating' real estate luxury consumption In the midst of an economic downturn with simultaneous sharp declines in imports and exports, the government began to stimulate the economy by investing 181 trillion won in export subsidies in the fourth quarter and attracting Chinese tourists, thereby boosting th..

No recovery in the second half, 25% decrease in exports to China in July, 34% decrease in semiconductor exports In July, exports fell more sharply than expected, and semiconductors plunged 36% YoY, making it impossible to recover growth in the second half. The Ministry of Trade, Industry and Energy's semiconductor export statistics for July declined 33.6%, worsening from the previous month's 28...

Global investment bank strategists diagnosed that “don’t invest in forecasts, drastic changes will come” in the outlook for next year’s economic downturn, and service inflation and wage hikes were pointed out as the biggest variables. The New York Times said of investing next year, “Accept that you have to invest without knowing what will happen to your money in the short term, and first set asi..

"Many participants observed that price pressure has increased in the services sector and historically price pressure in this sector has been more persistent than price pressure in the commodity sector," the Fed's November minutes said. "Risks to the inflation outlook remain elevated." "We agreed that it was important to inform the public," he said. "How high and how long interest rates are maint..

In the UK, inflation rose 11.1% in October, the highest inflation in 41 years, and the Associated Press announced that it is “not yet peaking”. The UK's National Bureau of Statistics announced on the 16th that consumer prices rose 11.1% in October, the highest since October 1981, and a big jump from 10.1% in September. A Reuters poll of economists showed a rise of 10.7%, and economists announced..

Lee Chang-yong, governor of the Bank of Korea, announced that he would rely on a strong US dollar policy, and Bloomberg announced that the economy would be in recession for a year from now. Treasury Secretary Janet Yellen said on the 12th that the dollar's strength after last week's G7 meeting was "a natural result of the different pace of monetary tightening in the United States and other count..

An 8.2% increase in the CPI in September on US inflation caused the yen, which has a wide interest rate gap, to surge to 147 yen, and President Biden acknowledged a recession for the first time, and the structured derivatives CLO showed a “rise of uncertainty”. The U.S. Bureau of Labor Statistics' 'September Inflation Rise by 8.2%' report showed that rent rose 0.8% in September despite a 4.9% dr..