Even if I drink alcohol, I wake up early in the
Even if I drink alcohol, I wake up early in the morning. It's proof that I'm getting older. As you all know, the U.S. market closed sharply lower again due to poor employment indicators. Stock investors have to endure hardships. Two words came to mind while watching the global stock market and the overheating of apartments in the Seoul metropolitan area, which fell sharply two days ago. They are 逆說, Paradox, and Absurdity.
The enormous amount of money that was radically released to prevent the economy from sinking due to the emergence of COVID-19 in 2019 led to inflation from supply after the Ukraine-Russia war disrupted the global supply chain in 2022. When inflation occurred due to excessively released money and supply veins, the U.S. hurriedly raised interest rates again to prevent it, but as a result, the U.S. hurriedly raised interest rates. And when the AI boom hit and prices were caught, all the money went into the U.S., and Yellen forced herself to expand her finances for Biden's re-election. However, as the expansion of the AI industry hit its limits and the financially released money fell, the recession, the fear of R, came out sharply. It is said to be an extreme 極必, but it is paradox (逆說, Paradox)...
It is argued that this happened because Powell said at a press conference held after the FOMC meeting on the 31st that he had not even thought about the possibility of a 50bp rate cut at the September meeting. Market participants who watched the U.S. market crash the day before yesterday insisted to FED that the interest rate should be lowered by 50bp at the FOMC in September because the recession is serious, and began to ask for rice cakes again to lower interest rates by 1.25% during the remaining three meetings in September, November and December. It was only a few months ago that I talked about Goldilocks and talked about softlanding and norlanding, but now I am worried about Recession (逆說, Paradox)...
As I briefly mentioned in yesterday's article, the sharp drop in the index caused by the absence of short selling in the Korean stock market, the rise in apartment prices in the Seoul metropolitan area caused by easing conditions for special loans for newborns, but the irony that the system, which was launched to cope with low birthrate, raised housing prices and prevented families with newborns from buying homes... Paradox (逆說, Paradox)....
The world is enlightening me again with the common truth of absurdity beyond paradoxes. The absurdity of appointing a person who is certain to use corporate credit cards as a law-enforcement prosecutor and a president as the chairman of the Communications Standards Commission... According to Camus, absurdity in 20th century existentialism arises from the conflict between human desire to find meaning and the meaningless world. When I was young, I made a mock joke that reading this novel in French was absurd, but it makes me think about Camus' "l'etranger," Samuel Beckett's "Enattendant Godot," and Franz Kafka's "The Metamorphosis."
I get emotional when I write as soon as I wake up. Camus's definition of absurdity, which means that we have to find the meaning of human beings in a meaningless world, rings in my mind. Descartes' "I think. Therefore it exists" is called Homo sapiens, the absolute truth of philosophy and human being, so I hope you have a weekend to think about the meaning of existence, paradox, and absurdity... I am also an absurd being when I write this...