The economy is heading for the worst, not only in

The economy is heading for the worst, not only in Korea but also around the world. Inflation is now nothing but condescending.

The U.S. is also the worst job shortage in the U.S., with many closed major commercial districts in big cities such as Hollywood and New York, including mass layoffs of big tech companies. Not to mention Rochester where I live... After a brief period of retaliatory consumption after COVID-19, it instantly began to deteriorate into a consumption cliff. China is no exception. I talked to my wife's parents on the phone today, and they said that my father's salary, an executive of a large construction company, has not been paid for three months and the company is about to go bankrupt.

My mother, a high school teacher, also said that her salary has been reduced by one-third, and the employment difficulty for young people is the worst. This is why middle-class people in China immigrate to the United States illegally. Korea's middle class is also going bankrupt, not to worry about others. The bicycles and exercise equipment we sell have also been cut by one-third since the end of last year, and by one-fifth since this year, when advertisements were stopped. Until the end of last year, we kept it at least through advertising, but now we have nothing left in advertising. The offline shop was also closed after last year, but now that I see it, it was a really good decision.

Now I really have no choice but to hold out. I don't know how long it will take, but I hope everyone is safe in this total mess. The dollar exchange rate has broken through the 1,400 won range again, and my money that is not much left is melting even if I stay still. I got a hunch that I reduced the cost structure to one-third from this year, which was also a good decision... Now I think it's more right to pray for survival than to fight. Seeing that this is the worst game of my 20-year self-employed life, I think the ice age is really beginning after the cold weather... The Great Volkswagen Sale will begin for the rich..