Is South Korea going to be second after Iceland?

[Tulpen]

Is South Korea going to be second after Iceland?

Look at the won!

[Guest]

Re: Is South Korea going to be second after Iceland?

duplicate post.

[Guest]

Re: Is South Korea going to be second after Iceland?

More countries and currencies to follow?

[Chris]

Re: Is South Korea going to be second after Iceland?

Hungary and Serbia are looking likely candidates although Hungary has had the luck of an IMF loan.

[sishya]

Re: Is South Korea going to be second after Iceland?

I think the currencies of Latvia, Lithuania and some Former USSR states are suspect now. UBS has a very large bad debt compared to the GDP of Switzerland, so the Swiss Franc can also feel the pressure.

[phirang]

Re: Is South Korea going to be second after Iceland?

I think the currencies of Latvia, Lithuania and some Former USSR states are suspect now. UBS has a very large bad debt compared to the GDP of Switzerland, so the Swiss Franc can also feel the pressure.

There goes another one of Jimmy Rogers' brilliant ideas...

I mean, seriously, this guy must get paid by the CNBC crowd to force people into the wrong trade.

[c1ue]

Re: Is South Korea going to be second after Iceland?

This ain't rocket science.

I already posted this in another thread:

Country	Current account balance	Population	CAD/CAS per population
Iceland	-3,384	320,169	-$10,569.42
Anguilla	-42.87	13,000	-$3,297.69
Greece	-36,400	11,215,000	-$3,245.65
Ireland	-12,600	4,422,100	-$2,849.32
Spain	-126,300	46,063,500	-$2,741.87
Latvia	-5,839	2,268,000	-$2,574.51
United States	-731,214	305,386,000	-$2,394.39
Australia	-50,960	21,446,187	-$2,376.18
New Zealand	-9,973	4,281,200	-$2,329.49
Estonia	-3,092	1,340,600	-$2,306.43
United Kingdom	-111,000	61,186,000	-$1,814.14
Portugal	-18,530	10,617,600	-$1,745.22
Seychelles	-141	87,000	-$1,620.69
Lithuania	-5,320	3,361,100	-$1,582.82
Cyprus	-1,236	794,600	-$1,555.50
Malta	-411	410,600	-$1,000.97
Antigua and Barbuda	-83.4	85,000	-$981.18
Romania	-20,950	21,528,600	-$973.12
Italy	-57,940	59,619,290	-$971.83
Bulgaria	-7,189	7,640,238	-$940.94
Croatia	-3,836	4,435,400	-$864.86
Lebanon	-3,337	4,099,000	-$814.10
Slovenia	-1,429	2,029,000	-$704.29
Hungary	-6,681	10,035,000	-$665.77
Jamaica	-1,573	2,714,000	-$579.59
Slovakia	-3,119	5,402,273	-$577.35
Fiji	-465.8	827,900	-$562.63
France	-35,940	64,473,140	-$557.44
Czech Republic	-5,701	10,424,926	-$546.86

South Korea is a net positive currency account - their troubles are because they are an export economy. Bad, but not as bad as a net consumption economy although they're pretty darn close to the edge.

It is very possible they go negative.

South Korea

3,700

48,224,000

$76.73

Next step is to add CAD/CAS as percentage of per capita income.