The U.S. market closed sharply lower due to

The U.S. market closed sharply lower due to steadily affecting inflation and geopolitical risks.

The University of Michigan consumer sentiment index was also bad, but in the earnings season that began yesterday, JP Morgan said its operating results met expectations but fell more than 6% on talk of a decline in net interest income this year, and Dimon's comments about persistent inflation and geopolitical risks such as war and violence holding back the economy weighed heavily on the market. Kind of like sticky inflation and persistent inflation...

The particularly bad news for our market may be the news that the Chinese government has told us not to use foreign parts in products from its carriers. This has led to a severe decline in semiconductor stocks. AMD, which has high Chinese businesses, is down more than 4% Intel, down over 5%, and Philadelphia Semiconductor Index is also down over 3%. Our market will be hit next week.

Oil prices are shaking on the news that Iran will directly attack Israel. Fortunately, the WTI fell slightly to $85 yesterday, but the recent rise in oil prices is still burdensome. Commodity prices are also rising, and especially copper, which is running as AI is known to be an electric hippo, continued to rise yesterday. Due to geopolitical instability, gold, a safe asset, is steadily rising, but the strength of the dollar is the most burdensome for us.

At yesterday's closing price, the won closed at 1,375 won. At 1,380 won in the over-the-counter market, everyone is anxious about the pace of the won's weakness. Of course, the euro is weak against the dollar, and the yen and the yuan, which are sensitive to the Korean yuan, are also weak. We acknowledge the sympathy, but we feel the heavy pressure of absolute exchange rates. This is because it directly affects the rise of domestic prices. Already, ordinary people such as myself are suffering from rising prices. The perceived price has risen more than the government's announcement. If the exchange rate rises and the oil price rises, it will be the worst. At this rate, 1,400 won seems to be a number we will see soon. Since the government has attracted and spent 20 trillion won in foreign currency bonds, the last bastion of tax revenue, the Korean government is more worried about the lack of ammunition to defend against the exchange rate.

The future of the AI industry is bright, but interest rates, exchange rates, and prices are the most important factors for the grassroots who have to make a living right away. In the stock market, the economy, exchange rates, and interest rates, which are called system risks, are the biggest ambush in the movement of the market. We are still trying to see the market as a two-track market. Still, the top priority is macro. The rise in the exchange rate will hit the table prices again. Now that the election is over, the president and the government should wake up and take care of the people's livelihood. Ideology and ideology do not feed the people. There will be no easy way to do it, but...

Yesterday, I saw an article on CNBC that was concerned about poor learning materials about AI. 80% of AI is about teaching machines. Following ChatGPT, Jeminai and Claude will have no choice but to study with materials from the internet. However, there is a saying called the "crazy cow disease effect or phenomenon." As you know, mad cow disease was caused by grinding the accessories of cows and eating them from other cows. AI is also eating defective foods called synthetic data, which could undermine the credibility of the data and lead to defective AI. Garbage in, Garbage out. Just as humans should not study with false information, it will be troublesome if AI accepts synthetic false data as the truth. Of course, we understand that there are bound to be restrictions on educating AI due to restrictions on the use of personal information and intellectual property protection in the West. You have to teach people and machines well so that you won't get another one.

The future of infre and inflationary anxiety is more urgent and touching than the future of dreaming of AI. If infre starts again and U.S. interest rate cuts continue to increase, we will have no choice but to suffer the double whammy of high interest rates, and real estate prices being hit by high exchange rates. Only common people like me are dying. I had a good drink with my best friend yesterday, but suddenly the weekend feels gloomy. The flowers are falling and the phrase "April is the cruellest month" in T.S. Eliot's poem "The Waste Land" touches my heart. Still, it's Saturday, so I'm going to go to the officetel and clean up for spring. Let's smile anyway.1. If a senior smashes a junior by saying that a young person doesn't greet him/her, then he/she will come back to the studio and do some spring cleaning

2. When a strong junior slapped a senior because a weak junior didn't greet him.

And assuming the degree of injury is the same

The vast majority of Koreans consider two more crimes to be much greater than one, but essentially those two cases are as much a crime as they are.

There is no reason to be beaten by an older person just because you are not strong and you don't have to be beaten by a strong person.

But instinctively, Koreans distinguish between a higher man and a lower man, and unconsciously include the sin of the lower man's defiance of the higher man. That's why we think twice as sinful. But in modern society, an older man does not make him a higher man. And the definition of a higher man and a lower man is not clear.

So that idea is wrong and it's absurd. These little ideas come together and eventually a big absurdity is created.

In Western society, you can't be careless with your age, because most people don't tolerate it rather than because the individual is very nice.

Koreans say they hate bossy power, but they have better instincts to distinguish between superiors and subordinates than anyone else. Of course, one can ask if there is a difference in the degree of bossy power from the distinction between superiors and subordinates.

DEAR CONCERNED: Yes, of course you are. However, the extent to which the man should respect his superiors is unclear. Some even think it's only natural that he would be insulted if he didn't bow in the 90s.

But for some, it's less than that. It's impossible to make a clear decision, so even if you go to extremes, people will subconsciously tolerate it, and end up appearing in the form of overuse of power. Should we save our money and live like a beggar to get rich? Well. Is it really true that rich people live frugally? Many rich people in the United States actually look frugal, but they are said to be spending a lot of money to look frugal or ordinary. This is because this image making seems good to the public and investors. Warren Buffet alone rides a car that they've been in for a long time, but every time they move, a security car blocks them in all directions. Elon Musk, who was also the richest man in the world, brags that he bought a W60 million house with our money, and uses a private jet every time he moves. Jeff Bezos rides a Honda car, but he also has a luxury house and a yacht.

After living for about three months with little consumption, I came to the following conclusion. If you can maintain a strong motivation for achievement and a broad perspective under the premise that you are not rich, spending less than you earn is of course helpful for saving. However, if you earn less than 10 million won, it is better to invest in your experiences, whether that be education, investment, consumption, or business. If you are already rich, it is okay to do anything sick. However, if you have become rich over 50 years old and have not had a hot relationship or traveled abroad when you were young, you may be old and have some money, but you have wasted tens of thousands of times more precious youth than money. Still, if it is good to shake your legs and hold on to the money, there is nothing to say

You can never become rich if you earn about 10 million won a month on your salary. Of course, there are cases where you can use the company's credit to attract leverage to your soul to make an investment, but the probability is very low. It's been a long time since I've heard the term "collecting everything" because inflation has caused me to lose money. To become rich, you have to earn that amount. It's almost impossible with a salary, so starting a business is almost the only option. Of course, starting a business is difficult and the success rate is very low, but without taking this risk, it is difficult to become rich until the end of the life. This is because the rich is a title that only a few winners of the zero-sum game win. Inevitably, business and investment are the only answers. If you want to become rich.