Good-bye Punchbowl. No Santa this Christmas.

Good-bye Punchbowl. No Santa this Christmas. These are the two statements that describe the FOMC today. And for your information, the punchbowl is the equivalent of a central bank's liquidity supply. We've seen the dot plot, the number of interest rate cuts next year, and the big drop in the market, so we've gone to the press...

Maybe it's OB-I-LOCK, but I wrote a cautionary note yesterday about excess liquidity. Anyway, the dice has been thrown, and you have to throw the dice in a new round where liquidity is decreasing. The truth is that stocks are more supply and demand than ingredients. Resetting the brain.

Although the central bank accuses the central bank of making a mistake in lowering the interest rate, I don't think so. There is a reason why the U.S. did not raise the interest rate. Considering the sluggish economy of the Korean economy, aggressive rate cuts are needed. However, it must have been difficult due to weak fiscal conditions. If the interest rate is cut, the exchange rate will surge. This would have been more likely to encourage foreigners to defect from Korea than to stimulate the economy. Still, I think we will cut the interest rate at least once. A desperate measure... Oh, this would be a bit of a headache for Japan, too. We need to see the results of the BOJ's monetary policy meeting today.

Tuesday's rise was pushed back by a day, and yesterday's rise caused a loss, but the option was... I succeeded in betting on a hoaxy Fed comment. The ruling party is still trying to drag on the impeachment process to protect its rice bowl. It doesn't care whether the country and the working-class economy are ruined or not. I know political parties are trying to seize power, but now the world is in a state of emergency... What they are doing now is more upset than what they have done for two years. Now the national power will disappear into history, but if the members are not replaced, it will be hard to regain the support of orthodox conservatives like me.

I still believe in Santa Claus.