Executive Officer at SME
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Moon Kil Woong is currently a VP at a SME. Previously he was a tech stock consultant, VP of Research at ING, and sell side Director at Crédit Agricole Indosuez. Moon Kil Woong has a Masters in Public Administration from SJSU.

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E My Take On Recessionary Indicators
Despite the regularity of economic downturns and the existence of business cycles in a free market economy it is quite obvious that recession calling remains an art more than a science with the scientists being wrong consistently.
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Market Snoozes, But Keep Your Tools Close By
5 days ago

China worries still are at the forefront recently. Until some resolution is done the threat of more tariffs, a weaker global economy, higher inflation, and higher interest rates will keep the market from moving up strongly.

Why US Financial Regulators Are Unprepared For The Next Financial Crisis
5 days ago

The good news is unless the banking sector is tied to these shadow institutions and are not declared TBTF then at least the taxpayer is off the hook unless the bureaucrats agree to pilfer the government and taxpayer to bail them out.

I do not think this will boil over anytime soon. First you will see the very leveraged housing market and all the gambling on property go under along with the heavily indebted cash flow negative companies go under like smaller players in the oil sector. The good news is the Federal Reserve is at least cutting down some of their balance sheet and has raised interest rates modestly. Something is better than nothing.

We may hit bad times in about a year and a half or maybe we won't. The issue is, are central banks planning for the inevitable cyclical downturn. Sadly, too few of them are.

Who Will Feed The LNG Monster?
5 days ago

Getting rid of coal is a good thing. As for natural gas, production and demand are both growing phenomenally. Although it looks like gas is going to outstrip demand, it is only for the short term. That is why, unless a company is hurting for cash, it is frankly stupid to be increasing production now. It is much more valuable later.

Have Central Banks Lost Credibility?
5 days ago

Sadly Japan is in a QE hole they can pretty much never get out of without a serious collapse in their economy. Their economy is dependent on the funny liquidity and their markets are increasingly driven by it and the government. This is why their economy doesn't ever recover. Their people's future is not in their own hands thus it is hard for businesses to bet on what they can't control. Thus understandable no one wants to invest in growth.

Should We Really Not Worry About The Fed’s Balance Sheet?
5 days ago

The limited reversal of a fraction of QE is a good thing. The rise in rates was more the Federal Reserve echoing the higher rates in the market than the Federal Reserve dictating interest rates. The simple fact is tariffs and tax cuts more than systemic demand caused inflation.

The Federal Reserve was right to raise rates and the US is much safer in a downturn for doing so. That said, they can let off the wheel if the trade war ends. If not, they will likely have to raise again because they are not dictating rates, merely following higher rates as lenders deal with inflationary pressures.

As for QE, they should keep cutting it until it shows some adverse effect in the market. Cutting QE is more important than raising rates in my book. It should have never happened in the first place.

Visualizing The World’s Most Valuable Bank Brands
5 days ago

LOL Well Fargo having the most valuable bank brand in the US. Yes it has a large intangible value on its books, but if anything it shows how wrong it is to determine real brand value based on this accounting methodology which was never created to portray real brand value or much of anything else. Sadly, Wells Fargo probably has negative brand valuation and is why they have been advertising "the new Wells Fargo" as a marketing gimmick "which according to employees it largely is.

In this article: ITCB, WFC, ACGBF, CICHF, CKHGY, IDCBF, SWDBF
Why The Left Isn't Convinced By Your Economics Arguments
6 days ago

It didn't work for Reagan. He ballooned the deficit. The only reason it seemed ok was the US could afford the increase in deficits better than today. What really is needed in tax cuts is tax cuts to small businesses and the middle class offset by spending cuts in government and/or the wealthy. This would stimulate the demand side as well as the supply side of the equation even if it didn't completely balance the cuts with income increases and spending cuts.

The simple fact is economics is not simply about money and what you can do with it. It is balanced with the need to grow real demand and grow real supply. If you can grow both your people will be better off and the economy will be better off. This is why QE fails. It doesn't encourage real demand and doesn't encourage real growth in production. You need to do things to increase one or the other side of this equation. Sadly it doesn't even improve investment and capital expense. These two things facilitate income growth, prosperity, and stability as well as efficiency on one end and increases in productive capacity, production, invention, and sometimes increased employment on the other.

Why The Left Isn't Convinced By Your Economics Arguments
6 days ago

I agree we should do more to prevent monopolies, especially mega banks which end up causing taxpayers money in downturns. That said, anti-monopolistic regulations are a workable solution which is far better than socialist/communism that creates rather than destroys monopolies. The issue is, in such countries, you aren't even allowed to protest them without often dire consequences.

Here's What This Rally Is Missing
6 days ago

The market needs stability before it can leg up strongly. The call for low volatility this week is positive and if it comes true it may start to set such a background. If there is China trade talk breakthroughs then the market should go up even if there is repeat of a looming government shutdown in the making.

In this video: SPY, XLF, SPX, VIX
Why The Left Isn't Convinced By Your Economics Arguments
7 days ago

The problem stems from a few other things. The left wants to spend until the cows come home, but giant deficits are created by Republicans as well and both are to blame for deficit spending. Likewise, Republican tax cuts are not wise if spending does not drop. The simple fact is that both parties are interested in the pile of money and the deficits that go on top. There is no political will on the left or the right to fight the battle for fiscal restraint and little is being done to make the argument for capitalism even though it is capitalism that is helping the economy right now with the small and medium sized businesses benefiting some from the regulatory rollbacks and the tax cuts.

The role of government is to prevent runaway monopolies, etc. Sadly, the author is right and people are taught this is the inevitable outcome of capitalism. Sadly, this is straight from the handbook of Communism which believed monopolies would end up controlling everything, paying people next to nothing, and destroying everything. This obviously didn't happen and neglects the fact that a health capitalist economy is based on small and medium sized businesses that are constantly evolving and changing. Yes, everything needs some controls and capitalism is not alone. We need to prevent monopolies, however socialism isn't the answer. If you want monopolies socialism is the biggest way to create them, not eradicate them.

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Moon Kil Woong Commented on Market Snoozes, But Keep Your Tools Close By:

China worries still are at the forefront recently. Until some resolution is done the threat of more tariffs, a weaker global economy, higher inflation, and higher interest rates will keep the market from...

more
Moon Kil Woong Commented on Why US Financial Regulators Are Unprepared For The Next Financial Crisis:

The good news is unless the banking sector is tied to these shadow institutions and are not declared TBTF then at least the taxpayer is off the hook unless the bureaucrats agree to pilfer the government a...

more
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