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.
He contributes to both TalkMarkets and Seeking Alpha. You ...
more 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.
He contributes to both TalkMarkets and Seeking Alpha. You can see his articles on TalkMarkets
here, and on Seeking Alpha
here.
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Latest Comments
Q4 Obliterates The Case For QE And ZIRP
Good analysis and quite true. Sadly their argument is that things would have been much worse, however, they are in fact making the much worse an inevitability in the future. Their actions suppress market growth, encourage improper financial decision making, run counter to capitalism, discourage savings, inhibit growth, creates market imbalances, falsely enriches the undeserving therefore creating that which is akin to massive institutional corruption built on extending the farce, and empower the Federal Reserve to do more until they can't. It is not sustainable and that's why those under QE will never experience strong growth just like Japan found out decades before.
Walking dead economies is all that is in store for those drinking this vile solution.
Apple: Buy Adobe, Not Tesla
Please Apple will not buy Adobe. First Apple waged war against Adobe, thus there is bad blood. If they did they would be investigated by the government for monopolistic practices. Then Adobe would find half it's customers switch to another solution rather than giving money to their enemy. Last Adobe is already a very overpriced stock right now.
Tesla is equally bad. Although Tesla is a early adopter of electric cars it is by far not proven to be a long term winner. Likewise, it rebuffed Apple's dances to become a rolling iTunes box as did most other car companies for good reason. And Tesla is also ridiculously expensive given they only make a profit off of government subsidies. If anything taxpayers, especially California taxpayers should buy it out to save money by cutting the numbers of cars made, not the reverse.
Doubts (And Bond Yields) Are Rising Again In Greece
The simple fact is that Greece's government spending makes no logical sense. Therefore, call it what you must, the simple fact is they need to make a reasonable budget and that means cuts. Given the massive amount of government spending, it will hit Greece hard. And given the massive unemployment and massive percent of people employed by the government or through agents mainly financed by the government, it will not go over well if it works.
Greece is in a mess that will not be corrected without great pains. It's easy to complain from the side, however, the reality is that doing something about their mess is not easy. Whoever is in charge of Greece will either be very unpopular or will lead it to its natural conclusion, default and a massive scaling down of government and/or massive taxes.
Which Kind Of “Money” Do You Trust?
Actually, the gold market has turned into a paper market as well as paper gold equals much more than all the gold available for trading already. Likewise, it is claimed that the US sells its rights to gold much rather than the gold itself and would much rather pay if those claims are made (since it can just run debt up itself to pay for it) than to part with the bullion. In fact, getting your hands on actual gold in quantity is hard. Ask Germany about that, it is taking years for them to get their own gold back from the US. Why, your guess is a s good as anyone elses. The US says it has a lot but they claim they don't have to prove it and the Treasury refuses audits.
In the end, paper gold or paper paper, depending on government to be fair and equitable is depending on a expert gamesman who is known to be a liar and a crook. Just be happy for now the game goes on even if you know it makes no sense.
De-Dollarization: Russia Ratifies $100 Billion BRICS Bank
LOL, the only thing I see that is disconcerting is that China and India are involved. What have we done to India besides get them not to kill and sell skeletons of their babies and abusing women? As for Chinas, it has been important for China and the US to keep trade relations since both sides are part of a larger problem of overspending and dependence on foreign trade. China cuts its own throat if it wants to end this relation just like the US does if it wants to end it.
If these countries think financial independence comes through Russia they are gravely mistaken. Isolation and a bad economy is the only thing that will result. Russia wants and needs money more than any of these other countries and wants to launder its trade through others since it's being punished for assisting in the murder of Ukrainians. Ukraine isn't an internal strife war, it's a subversive invasion. It's about time Europe and the US take concrete actions or else it will end much like when they did nothing about Hitler's invasions.
Greek Negotiations And Philosophical Questions
There is a thing as a gullible fool and an utter idiot which fits pretty much this relationship. The EU should have given up on Greece a long time ago. They will not correct their blatant disregard for reality until they fall and hit their nose on a rock. Only then will they appreciate the pillows everyone has been throwing in front of them all this time. Of course, they can accept Russian aid and see where that takes them. I guess Russia will have to take a lot more land from countries to link up with declaring Greece as part of their country.
But then again, Russia also sees the Europeans as gullable fools and spineless idiots. EU, get a backbone and defend those that stand by you.
India May Cut Its Gold Tax, Supporting Global Prices
The gold tax in India was one of the dumbest ideas they thought of. It makes sense to revoke it. What did they want Indian's to buy instead, garbage imports that end up in the trash like the US, or buy nothing. India needs to learn that gold buying in India is a symptom not a solution to its problems just like its mass overpopulation is the result of making having kids be your retirement security in old age.
Apple Inc. Dumped By A Popular Hedge Fund
It is right not to call a top and get out when the going is good. We will see how good his decision is as time goes on. As for Microsoft, given Microsoft can't hurt itself more than it already has it may be in for a turnaround, however, Microsoft has never failed at disappointing its investors.
And The Best Performing Stock Market In The World This Year Is ...
Oh and how the Europeans are worried Russia is hurting too much. The Ukrainians are the ones dying too much. It is regrettable how the US and Europe are turning their backs on the Ukrainian people after cheering them on for going up against Russia. The cowardice makes you want to puke.
Tech Indices Breakout
LOL, the semiconductor cycle never disappoints when it comes to cyclical collapses. You're lucky if prices only drop 50%.