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Showing posts with the label Economy

The silver spoon's people, the wooden spoon's people and the self-made people

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Let's take a look at the silver spoon's people, the wooden spoon's people and the self-made people. The drama 'Gold Spoon', based on a webtoon, has come to the end. The life of a silver spoon was re-examined through the drama. A silver spoon means a person born into an economically wealthy environment. The silver spoon's people have the front starting line of economic life. The opposite life of the main character who lives silver spoon's life in the drama is the life of the wooden spoon's life. The Wooden spoon refers to a person born into a family environment that lacks economic leeway. The wooden spoon's people are behind the starting line of economic life. In the drama 'Gold Spoon', where fate changes, the main character changes from a wooden spoon's life, the son of an unknown webtoon artist, to a silver spoon's life, the heir to a conglomerate group. The setting of Life Reversal, in which fate changes from wooden spoon's man ...

US Consumer Price Index below market expectations

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  US Consumer Price Index came in below market expectations. In October 2022, US consumer price index rose 7.7% year-on-year and 0.4% month-on-month. The rate of increase fell short of market expectations. And expectations arose that inflation had passed its peak. Major U.S. stock market indices rose all at once. Based on the United States, on November 10, 2022, let's look at the main index and the daily rise rate. Nasdaq rose 7.35% and Dowjones rose 3.7%. The S&P 500 Index rose 5.54% and the Philadelphia Semiconductor Index rose 10.21%. It marked the biggest daily gain since January 2022, when the bear market began. The cause of the daily rise in the US stock market was largely driven by investor expectations. As a result of the lower-than-expected consumer price index in October, expectations for a slowdown in inflation and expectations for a slowdown in interest rates have risen. The Fed, which has been pushing for a 0.75%p giant step in raising inte...

The Central Bank and the Base Rate (The big step and baby step)

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  The Central Bank and the Base Rate Let's look at the central bank and the base rate, and also look at the big step and baby step about the base rate. There are central banks and commercial banks. Let's briefly review the concepts of central and commercial banks. A central bank is a bank that issues money, simply put, a bank that prints money. A typical example is the Bank of Korea in Korea. Commercial banks are banks that conduct deposits and loans. In Korea, for example, there are several commercial banks such as Woori Bank, Shinhan Bank, Kookmin Bank, and Hana Bank. The central bank's representative policies are monetary policy and interest rate policy. First, looking at monetary policy, the central bank provides money through the issuance of money. The central bank regulates the money supply by issuing money. Looking at the interest rate policy, the Monetary Policy Committee determines the base rate based on Korea. The Monetary Policy Committee is...

The declaration and payment of the composite income tax (Type T)

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  Let's take a look at the declaration and payment of the composite income tax focusing on type T. Family Month, May. May, busy with the Family Month event, is the month of the declaration/payment of composite income tax. The composite income tax is abbreviated as 'Jongsose' in Korea. Generally, the declaration and payment period for the composite income tax is from May 1st to May 31st at 24:00. By the due date, you must complete the tax declaration as well as payment of the composite income tax. Business owners, self-employed people, and freelancers are subject to the composite income tax declaration. Mail or kakaoTalk messenger notice will be sent to the declaration person. Generally, the deadline for the declaration and payment is May 31, but there are cases where the deadline for the declaration and payment is extended. The deadline for the declaration and payment is June 30 for the person who is confirmed to be faithful. For the taxpayer...