Posted on 03/07/2016 5:20:41 AM PST by blam
Jonathan Garber
March 3, 2016
South Korean exports are often referred to as the world's economic canary in the coal mine, or leading indicator, because of their exposure to the US (12.3%), China (25.4%), and Japan (5.6%) — the world's three largest economies.
Forty-eight percent of South Korea's exports go to those countries if you consider Hong Kong (4.8%) to be part of China, according to the CIA's World Factbook.
Recently, Wall Street has been rather gloomy about the prospects for the global economy.
The concern has come as South Korean exports have fallen by double-digit percentage points in each of the past three months.
In fact, South Korea hasn't recorded year-over-year export growth since December 2014.
HSBC is beginning to see some "green shoots" emerge, however, as Chinese tourism picks up and the Korean culture wave, or Hallyu, continues to "sweep the region."
The firm says Chinese consumers are becoming increasingly interested in "Korean food, cosmetics, fashion, music, and, more importantly, TV dramas."
In early December, South Korea's won was trading at about 9.50 per Japanese yen. Then further deterioration in South Korean exports and the possibility that the Bank of Japan would introduce negative interest rates caused the won to weaken to worse than 10.37 per yen.
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(Excerpt) Read more at businessinsider.com ...
The birds were named after the islands.
Birds grow shoots? (#MixedMetaphors)
“In the garden, growth has it seasons. First comes spring and summer, but then we have fall and winter. And then we get spring and summer again. “
The metaphor tumbled like a house of cards in check. Bingo!
Been there.
“In the garden, growth has it seasons. First comes spring and summer, but then we have fall and winter. And then we get spring and summer again. “
turn, turn, turn.
a time to live, a time to die, a time to laugh, a time to cry...
Chance the gardener?
Jonathan Garber, we already know this man will lie to the American public. Why is anybody even taking anything this person is saying seriously?
The shoots come from the bird droppings...
There is nothing in economics so simple we can’t throw a thousand metaphors at it to obfuscate the issue.
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