Homin Lee
@leveltargetnow.bsky.social
Senior Macro Strategist @ Lombard Odier
All views are my own
All views are my own
I note here that, as of Q1 2024, South Korea had the highest household credit to GDP ratio among all countries tracked by BIS (at 92% of GDP). In 2023, household debt was 186.5% of net disposable income, according to OECD.
8/9
I don't know the South Korean banking system well enough to know if a cut in interest rates is more likely to benefit households or manufacturers (the latter, I suspect), but a depreciation of the won will certainly benefit manufacturers at the expense of households.
I don't know the South Korean banking system well enough to know if a cut in interest rates is more likely to benefit households or manufacturers (the latter, I suspect), but a depreciation of the won will certainly benefit manufacturers at the expense of households.
November 28, 2024 at 11:09 AM
I note here that, as of Q1 2024, South Korea had the highest household credit to GDP ratio among all countries tracked by BIS (at 92% of GDP). In 2023, household debt was 186.5% of net disposable income, according to OECD.
China observers are basically catchers working with knuckleball pitchers in economic research world. Weekends and Tuesday evening wine and dine with friends are always in the crosshairs of unexpected announcements. Quite a few developments today in Beijing. A quick summary:
October 24, 2023 at 6:50 PM
China observers are basically catchers working with knuckleball pitchers in economic research world. Weekends and Tuesday evening wine and dine with friends are always in the crosshairs of unexpected announcements. Quite a few developments today in Beijing. A quick summary:
I personally find GDR's (East Germany) history quite interesting, especially its desperate semiconductor initiatives before it began to collapse in the late 1980s. Another episode that is rather amusing in hindsight: its role in Vietnam's rise as a global coffee powerhouse.
October 12, 2023 at 6:53 AM
I personally find GDR's (East Germany) history quite interesting, especially its desperate semiconductor initiatives before it began to collapse in the late 1980s. Another episode that is rather amusing in hindsight: its role in Vietnam's rise as a global coffee powerhouse.
A quiet thinking session alone on a Saturday night.
September 30, 2023 at 12:01 PM
A quiet thinking session alone on a Saturday night.