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inflation Archives - Gangnam Times

#inflation (14 Posts)

  • Why Charlie Munger Thinks Rolex Watches Are a Bad Investment Even Warren Buffett, known as the Oracle of Omaha, admits that he wouldn't be where he is today without this man.
  • Foreign Tourists Weigh In on Korea's Cost of Living Are you feeling the pinch of the rising cost of living these days? With a steady price increase, it’s no wonder many of us sigh more often. Last month, the price of agricultural products saw a significant increase. The surge in the prices of apples and pears reached a record high. Amid this situation, it’s […]
  • Costco Gold Bars Sell Out Despite Premium Price: Here's Why Costco Gold Bars Sold Out 24-carat Gold Bar for $2,400 2% Cash Back on Purchase Costco, a well-known warehouse discount store in the U.S., is experiencing explosive popularity for a product that has been selling out for several consecutive days. This product is none other than the gold bars sold at Costco, which were launched […]
  • Why Gold Prices Are Skyrocketing After Fed's Latest Announcement The value of gold has once again reached an all-time high following the announcement from the US Federal Reserve (Fed), stirring up conversation. According to the announcement made during the Federal Open Market Committee meeting on the 20th (local time), the Fed has kept the interest rate steady at an annual 5.25~5.50%. This marks the […]
  • Hyundai Faces U.S. Backlash Over Electric Vehicle Subsidy Tactics Is Hyundai’s Subsidy Disappearing?Hyundai Exploited Exception ClauseControversy Erupts in the U.S. The issue with Hyundai Motor’s electric vehicle subsidy has been raised in the United States. Under the U.S. Inflation Reduction Act (IRA), there is a condition that subsidies shall be granted if a certain amount of minerals and battery parts are procured from the […]
  • $6.30 for a Bag of Cheetos: Reality of U.S. Inflation When I checked the price of a large supermarket 'Target' at CES2024 in the United States, nacho chips were sold for 6830 won, Cheetos for 6303 won, Corona beer for 5250 won, and Blue Moon for 5903 won. This is quite high compared to domestic prices...
  • $15.45 an Hour? Barely Enough for Brits – The Truth About Living Wages UK faces record high inflation, soaring living costs, and protests as wages struggle to keep up. Read more.
  • Trump Plans 10% Tariff Hike on All Imports Hinting at 'Trade War Season 2 Former U.S. President Donald Trump, who is running for re-election next year, plans to raise tariffs on all foreign imports, including those from allies, by 10 percent if he wins. If realized, the plan could spark a global trade war by spreading protectionism, including retaliatory tariffs by other countries...
  • 60% of Americans Say No to Biden's Israel Policy, According to Latest Poll Only 22% of Republican supporters endorse Biden's Israel-Palestine policy. Inflation tops U.S. concerns; Biden's approval at 41%.
  • "Big Mac costs $20,000…it's Biden's fault." Biden in crisis amidst incitement. The White House has been plagued by a fake internet video claiming that the price of a Big Mac, the signature menu of fast food giant McDonald's, is over 21,000 won. The video, which was manipulated, is being used as a "reality check on the Biden administration's failed inflation control," and is spreading like wildfire online.
  • U.S. Inflation Cools to 3.2%: Will the Fed Hit Pause on Rate Hikes? US October CPI inflation rate slows to 3.2% YoY, easing pressure on Fed to raise interest rates; core CPI at 4.0%, a two-year low.
  • U.S. Stock Market in Limbo: Investors on Edge Ahead of Crucial CPI Data Korean stock market (KOSPI) closes slightly lower, with won-dollar exchange rate at 1,325.1 won, up 8.3 won.
  • World's Most Respected Economist is Worried About a 2024 Recession, Why? Economist Mohamed El-Erian expresses concerns about a 2024 U.S. recession due to rising credit costs, depleted savings, and policy mistakes.
  • 'The Marvels' Opening Weekend Predicted to Be Lowest in Marvel Cinematic Universe History Marvel's "The Marvels" expects a lower opening score of $60-65 million, down from the initial $75-80 million target, due to waning interest.

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