Stock market is overvalued. Normalization leads to a correction in the stock market in the United States without actually having any notable crossborder liabilities. Even though starting from that is a growing nonbank to nonbank transactions. So why is this a problem . Korea is one of the six countries that is part of advanced economies identified by the financial openness index is having open current accounts but does not have a convertible currency. Thats a problem. Relatively large relatively advanced Financial Market opened but does not have the current account surplus. The one is not internationalize it all. We have to rely hundred percent on the reserves in the Exchange Rate. And given the magnitude of the amount of capitol flow or stock changes ive just shown you once they shift in sentiment you essentially have. Even during the Global Financial crisis the ims if i remember correctly were saying that the career reserves was too high the fundamentals. And if found painfully for t
A little bit hard at times to follow. But then again as a package it made sense. It made sense. Thank you very much. [applause] all right. I would like to thank you all for being here. Two excellent presentations. I would also like to thank our two questioners which sets the stage. Its 1st of them i i dont know that i could introduce you any better than the ambassador did. I will try to be brief. He can give more detail there. To my immediate left a resident scholar at the American Enterprise institute where he studies Asia Economic institutes and trends and particularly focuses on the chinese economies and us economic relations. Before before joining aei he was the Senior Research fellow in the Asian Studies center at the heritage foundation. Senior fellow at the Brookings Center for east asia policy studies. Dr. s. Doctor sublease is an expert in japans economic policies and analyzes. Her analysis includes consideration of whether Free Trade Agreements can be an effective tool templa
200year dream. And but it will go fast because im going to concentrate on what happened once the dream was realized. In 1607 john smith entered the sevenmile wide mouth of the Potomac River and headed north. Whether he got this far north we are actually not certain but the People Living here called the place petomek. It translates as a place to which something is brought, a trading place, a place to which tribute is brought. It was a beautiful area in which the tide water from the ocean stopped. The river narrowed and as you know north of georgetown its very different river. But here where georgetown was to rise there was a huge tidal marsh. And this is the origin of the swamp myth. Washington, d. C. Was not built in the swamp. It is an insult to George Washington to think that he would locate the capital of the United States in the swamp. Its a very well drained area of ancient Potomac River terraces. Think of the cathedrals coming down the columbia road where the river sat for many y
Dan kerman 515 this morning and briefly raised the 23 allied fire. One to story you it is completely destroyed the family has been displaced due to the fire. We just saw men on a stretcher and we will work to get more information it remains under investigation the cause of the fire was a dealer from a neighbor that saw those flames this morning reporter and the weather but story around the bay area were looking at another mile morning from walnut creek or 67 degrees hayward is that 58. And over the oakland and with the bay bridge camera is 57 with a mile start we have a hot one for the inland spocks. Reporter is cooler this morning bugs could get very warm and cool along the coast not to bet in walnut creek the supporters of starting off mile into mid to upper 50s. With a continuous sunshine to up area the south bay will continue to increase by 10 00 is good and warm up into the 70s lunch hour and should be in the upper 70s. If you installed yesterday it would be very similar to today.
Hour. I dont have net visuals and i could claim that thats because i dont know how to do it. But the truth is, i never know what im going to say and how im going to say it until i get here. So i hope you will forgive me for the lack of visuals. My title is dreams nightmares and neglect. And im going to start earlier than 1783. Im going to start with the beginning of european of exploration, the early part of the 17th century. So its going to a almost 200year dream. And but it will go fast. Because i want to concentrate on what happened once the dream was the realized. In 1607 john smith entered the seven mile wide mouth of the Potomac River and headed north. Whether he got this far north were actually not certain. But the People Living here, algonquin peoples, called the place petome kp. Pitot mek. It translates as a place to which something is brought a trading place a place to which tribute is brought. It was a beautiful area infer which the tidewater from the ocean stopped. The rive