the price of crude oil.

the price of crude oil.

The United States seemed to have been controlling prices by managing crude oil prices since Yellen, the current Secretary of the Treasury, chaired the FRB. It seems that the United States has been actively utilized as it has the right to lead supply by increasing shale oil production.

Inflation was the key point in the 2024 presidential election. In the end, low-income people who experienced difficulties in living due to inflation turned to Trump, beating him in the election.

1. Korea is a city-state with a population of 26 million. It absorbs 24 million immigrants from outside of Seoul and Gyeonggi Province into the metropolitan area to maintain a working population, but in return, it is also a country suffering from severe traffic congestion, high rent, and fierce competition.

Numerous people come to Seoul to become part of the 26 million, compete, and even within that, they compete endlessly to be in the top 10 percent, including large corporations and public corporations.

A small domestic market, a structure that makes it difficult to survive without export competitiveness amid scarce resources.

It is the only country that has emerged from the ruins to become an advanced country since World War II, but it has shown that its rapid growth can be poisonous

2. It is said that Japan is our future, but I think that Japan is a big success.

Korea has grown faster than Japan and has grown tremendously, but it has not been long since it shows a significant trade surplus and current surplus. So, the amount of net external assets accumulated is also small.

The size of the domestic market and the proportion of GDP are small, so the dependence on exports is too high compared to Japan..

In other words, it is a structure in which you have to earn money constantly outside where you can't live on domestic demand alone

Japan, which has been growing with global competitiveness since the 1960s, the high proportion of middle class, long accumulated foreign net assets, and the huge domestic market created by the population..

In the past, it was incomparable to Japan, but I think it is great just to have accumulated foreign net worth up to 1360 trillion won. I think this asset will be a force that will keep Korea going for a while..

On a personal level, I have no choice but to accumulate US assets (ETF, real estate), bitcoin, gold, etc. in the mid to long term.

For this reason, price management was important. Since inflation reflects the year-on-year increase in crude oil prices, it is necessary to manage the current price compared to the oil price a year ago. For this reason, it can be said that the inflation rate was lowered by lowering the year-on-year increase rate, which was maintained high by sharply lowering the crude oil price from July to September.

Crude oil prices have been falling sharply from October to the second week of December 2023, which is calculated as the denominator of the increase in the cost of crude oil, which seems to have failed to raise crude prices, which have fallen since September, and kept them low.

However, since crude oil prices rose from the second week of December to early April 2023, crude oil prices are finally rising out of control, considering that the price burden is low even if oil prices rise due to rising denominators.

Meanwhile, Treasury Secretary Elon's term in office will also end when the Trump administration takes office, so the management method of controlling inflation from crude oil may no longer be developed. In that sense, oil prices are likely to rise while creating a trend.