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Hello everyone. This is Kim Dae-ho from Kim Dae-ho TV, the most trustworthy and authentic economic broadcast. Okay, we will start today's live broadcast on September 25th. Currently, serious variables affecting the global economy, such as the U.S.-China summit taking place in the U.S. and government bond yields fluctuating wildly, are at play amidst various pending issues .
Now, first of all, I will give you a key summary of the major issues currently driving the global economy using keywords . Among those key summary keywords, we will continue with in-depth news on the important and significant issues that have a major impact on our economy . Okay, the first news item I picked today is...
this person is the Grim Reaper of short selling. Could Michael Burry, the Grim Reaper of short selling, be celebrating Korea's Chuseok ? They officially declared that they would bomb short selling. I specifically picked out four items. We will look into whether this is just bluff or if a short-selling bomb is really about to explode in our in-depth news coverage.
Trump's state visit to the United States for the first time in 11 years to the Trump-Xu Jinping summit. The summit between Trump, ahead of the midterm elections, and State Councilor Xu Jinping, who is making a state visit to the U.S. for the first time in 11 years, has just concluded. I will also go over that content.
So, what exactly was Hu Xinping's gift? What gift is President Shu Jinping offering, having received such an extraordinary welcome for a president—with President Trump going out to the asphalt at Andrews Airport to greet her in person ? Now, in contrast, what gift has the U.S. president, Trump, prepared for China?
News regarding this very topic is currently coming out one after another . Now, amidst this, fears are being raised in some quarters in New York that a global financial crisis is on the horizon, as mortgage rates have hit record highs and are causing a rebellion among mortgage lenders. Now, government bond yields continue to skyrocket, perhaps to celebrate our Chuseok.
We are also witnessing significant sell-offs and vigilante movements. Let's take a closer look at the curse of inflation and the surge in government bond yields . Now, the famous movie called The Big Short. Actually, this was a movie I wanted to recommend for Chuseok— that famous short-selling movie starring Michael Ursley—and now, a movie-like reality has arrived again.
Michael Burry is short selling me. I'm telling you to be careful with stocks like this. Now, a full disclosure announcement has been made. Michael Burry's angry look. Now, let's get right into the English- Korean comparative translation of the post Michael Burry left on social media to find out exactly what he said .
Now, who on earth are you, abandoning Michael in The Big Short ? What kind of person is he to shake up the New York stock market like this every now and then? There are four stocks that Michael Burry specifically singled out to short. So, the four stocks on the short-selling blacklist are Micron, Nevis, the Philadelphia Semiconductor Index, and Palantir.
What is the problem with these stocks, and why did Michael Burry publicly declare that he would intensively short-sell them? Let's examine this point . Now, short selling. Now , if you don't know short selling, do n't invest. There is talk that one should not even come near the financial market, and some argue that short selling is unconditionally bad and a social evil.
They also argue this way . It is viewed as a social evil, but as an economic indicator. It depends on individual judgment, but short selling is not difficult. It is really easy to understand and accessible. With the mindset that "understanding short selling reveals the world," and since Michael Burry is short selling today, I will attempt to explain the concept of short selling in a really simple way once again.
The Meta craze continues. Okay, here's the meta. The stock price rose significantly after announcing Muse, an assistant-type AI also known as agentic AI, and this time, they unveiled several products at the Connect Engineers Conference, which brought together representatives from related companies. That product is also attracting attention.
In particular, among these products, Meta unveiled a product called Meta Charm, which carries the AI agentic AI that Meta recently released . Will this truly be able to bring a new second Super Acycle Super Rally to the AI market? Currently, interest in metal is skyrocketing in New York . Amidst this, the Federal Reserve has issued another warning.
We need to raise interest rates further . In fact, such warnings of heresy are causing government bond yields to rise. Right now, U.S. Treasury and mortgage rates are looking a bit concerning. Interest rate bombs are exploding for two consecutive days. Now, expectations for Xi Jinping's gift are also becoming a reality.
So far, I have briefly summarized the key points of the current issues driving the New York stock market and the global economy using keywords. Now, moving on, how is the global economy operating right now? To understand how major global media outlets are currently covering the global economic situation and what news they are focusing on, let's examine a comparative English-to-Korean translation of their headline news.
First of all, CNBC News is the largest economic broadcaster. This is Jai Economic Broadcasting. Let's end this war. The congressional resolution to end this has already passed the House, but has n't it been continuously rejected by the Senate? But the results were very similar overnight. Of course, although it was ultimately rejected, there were dissenting votes even within the Republican Party, considering that the Republican Party controls the Senate.
With the midterm elections in November approaching, public sentiment against the war in Iran is rising significantly. Okay, here is this trade scene of New York City screaming on time . This is a report that the 30-year U.S. Treasury yield hit an all-time high . Now, Oracle is collapsing. Now, I have been telling you about Oracle for the past few days, and this time, the story is that Oracle has been hit by a bomb in Mexico.
Now, let's take a look at this as an English-Korean comparison. The resolution to end the war in the U.S. Senate was defeated by a very, very narrow margin. Now, international oil prices were rising significantly overnight . However, just before the New York market close, oil prices slowed slightly from their peak—that is, the gains slowed a little—as reports emerged that the issue of gradually opening the Strait of Hormuz was being discussed.
Of course, international oil prices rose, and this rise in international oil prices dealt a direct blow to the decline in New York regular prices . However, the upward trend in international oil prices slowed down slightly at the last minute, which is a point where we can hold some hope. Now, in the bond market, the yield on 30-year U.S.
Treasury bonds is at its highest level since 2004. Okay, yesterday was the highest since 2007, but now it's the highest since 2004. It continues to rise to a 23-year high . Isn't that the gist of it? Now, Oracle is transforming into a hyperscaler and building massive data centers . However. The company announced that it has effectively withdrawn from the construction of the data center in Mexico due to a massive storm of opposition from the Mexican public, and the stock price fell as a result.
Now, Oracle's stock price... a day or two ago, it successfully merged with two major film studios, Paramount and One Brothers . However, wasn't there an investment advisory issued warning that Oracle's stock price might fall ? Why? The concern is that since they are acquiring a massive amount of debt right now, they might even have to sell Oracle stock to cover it .
The de facto owner of Paramount is Oracle's son, and Paramount completely integrates American film companies by acquiring Warner Brothers. The merger is virtually on a successful path . However, there is a story that money would be needed in the process of assuming that debt, and when they looked closely into where that money was coming from, it turned out to be an order from Oracle .
Now, those investing in Oracle stock need to take a closer look at this opportunity. The Dow Jones index fell during regular New York trading as Treasury yields continued to rise to new highs . We are covering this story as a featured news story . Now, next up is Yaho Finance. The story is that Yahoo!
Poise's stock price fell but then rose quite a bit at the last minute. The story is that Starbucks is drastically closing its stores. The point is that the U.S. and Iran will resume negotiations regarding the reunion of Hormu . Here is Metacritic unveiling a new product at their developer conference called Connect.
In the meantime, Meta has been unable to establish a new direction, lacked technological advancement, and suffered immense difficulties while obsessing over virtual reality, becoming a sore spot for Big Tech. However, with the release of this MetaMuse—specifically named MetaMuse Spark—it is an AI conversational system.
I will jump into the mainstream of artificial intelligence . Well, we'll have to wait and see a little longer regarding the product's success, but Metabook has truly played its trump card. There is also optimism emerging that, if things go well, this could become the driving force behind a second or third semiconductor AI supercycle that significantly boosts AI stock prices.
Now, shall we take a look at the English version of this Yahoo Fiance real-time news ? Government bond yields rose on expectations that a settlement in the Strait of Hormuz might be reached, but the magnitude of the increase has narrowed slightly . So, in the early part of the trading session, the government bond yield bomb and the rise in international prices acted as major obstacles .
The rate of increase slowed slightly as reports emerged that the Strait of Hormuz might be reachable. However, both government bond yields and oil prices rose, and as a result, the overall New York stock market was on a downward trend. So, the point is that rising government bond yields due to inflation concerns are shaking up New York time .
It focuses primarily on stories such as Starbucks drastically reducing its number of stores . Now, the United States and Iran are seeking a phased agreement . However, regarding the negotiations between Iran and the U.S., it really isn't over until it is finished. [Clears throat] The process in between is always full of ups and downs, so we don't need to get overly excited.
Now, the stablecoin plan has been announced. The Fed considers stablecoins to be a coin of cryptocurrency, and until now, it has made no comment on cryptocurrency matters . My stance was that it was a different world from ours and I didn't know anything about it, but that is n't the case with stablecoins now.
Now, the Stablecoin Genius Act will officially go into effect on January 18th of next year . Ahead of this, specific plans have been released to include stablecoins as a target for the Fed's official assimilation policy. Okay, tomorrow I will focus on posting about stablecoins. Well, mortgage interest rates have hit record highs again.
Now, we call it a home mortgage loan, but home mortgage loans in our country and mortgages in the U.S. are completely different products. However, since there is no specific concept of mortgage in Korea, it is classified this way for translation purposes, but a mortgage is a mortgage, and a mortgage loan is a mortgage loan; they are different things.
Now, U.S. mortgage rates exploded overnight. As for mortgage interest rates. How desperate must things be for people to even mention cutting one's head ? Among economists in Korea, there is a view that if mortgage rates collapse, the shockwave could be much greater than if government bond rates collapsed .
Now, in that regard, we move on to today's focus on the skyrocketing mortgage interest rates . Now, the capital sweeping by AI companies currently raking in on an unprecedented scale. AI companies are raking in all the funds . Of course, the rising government bond yields are driven by U.S. war expenditures, but on the other hand, because the AI industry is pouring all the money into it, there is no room to buy government bonds.
You could say that government bond yields are rising because of that . Now, this AI company sweeping up funds. Just how far will this go? If they sweep up these funds, they will use the money to buy semiconductors; buying semiconductors with this money will improve semiconductor performance and drive up semiconductor stock prices.
But if we take too much money and financial costs are high, wo n't we be unable to buy semiconductors in the future? Because such concerns are arising again, the coin has two faces . Now, Meta is betting the future of the Muse AI agent. I'm risking my life. So, the technology is quite advanced, but the point is that user trust is the variable.
Will Meta's AI Holy Spirit finally bear fruit? We cannot jump to conclusions yet, but for now, the emphasis is placed more on the fact that the somewhat optimistic meta is working. Well, Meta has released new smartphone glasses again . They also introduced Meta, which allows you to operate an assistant-type AI while carrying the portable device Muse in your hand .
This means carrying light around in your hand. That is the gist of it. Meta's Chuck Book is holding this part. Now, although there have been many new products in the meantime, Meta is boasting to itself that this will be another revolution . Now, aside from this, the main news covers Buffett's final warning that the US dollar will now fall, the fact that Oracle's data center is not performing well, and the story that AI is pouring cold water on the bullish sentiment .
Okay , Bloomberg. The Bloomberg factor is the talk of the U.S.-China summit. We are also covering key news such as the rise in U.S. Treasury bond yields and the sell-off of government bonds . According to the Korean-English bilingual version of Bloomberg, the issue of AI competition between the U.S.
and China became a major topic of discussion at this summit. Next, it is said that a massive settlement regarding the Taiwan issue and the soybean issue is now expected. However, regarding the issue of Taiwan's independence, President Xi Jinping demanded a strong stance from Trump, stating that Taiwan must not be independent.
Publicly declare that it is part of the great continent of China. And the point is that they are applying pressure right now. Also, didn't President Trump recently ban reporters from entering and tell them not to come in because they criticized him ? However, those media outlets filed for an injunction with the U.S.
court, and the court ruled that Trump's ban was wrong . Go back in. Now, the swift judgment of the U.S. judiciary is much faster than ours. Anyway, the story is that the judiciary rejected the president's expulsion of the press corps, and those reporters returned to the White House. Okay, Xi Jinping has two pandas.
I brought two pandas . So, there is news that this panda is currently in Washington and will soon be moving to Atlanta Animal Park. Now, government bond yields are at their highest level since 2004. Now, international oil prices are rising. The rise in national and international oil prices was quite severe early in the trading session.
It deals with such stories, etc. Now, moving on to the photo headline news from the All-Stars, said to be the world's largest economic newspaper . Mortgage rates have surpassed 7% . Now, we are using the story that one's neck is in danger as the top news headline graphic . Now, next, I am writing about the Trump and Xi Jinping summit here .
Now, the Trump administration raised suspicions regarding the fact that China is conducting additional nuclear tests . Israeli Prime Minister Bethanyah is currently in New York . It's because of the UN speech. There is talk that he delivered a speech there in a bleak atmosphere, having lost much international support and feeling very lonely.
Regarding this point, it is being reported that New York City Mayor Mamdan is also fiercely attacking Netanyou. Now, Amazon's Blue Origin, which Jeff Bezos is currently running, is a rocket manufacturing company. The point is that although this company is essentially a university affiliated with Musk's SpaceX, they are pouring massive amounts of money into it .
It is also writing about how Europe is experiencing turmoil due to Trump's ban on U.S. diesel exports , and things like that . In particular, the news that mortgage rates have surpassed 7% is being reported as a major story . Now, next up, the Financial Times. It is Europe's largest economic newspaper.
Europe's largest economic newspaper. We are writing big news about the US-China summit, but there is much more gathering than that . They are writing big about the fact that mortgage rates have surpassed 7% . Now, let's talk about SoftBank. Also, regarding the story of Russia, we will examine these passages in Korean, English, the comparative version, and the translation .
Mortgage rates rose by 7% . Now, next, the Republican Party is currently facing a crisis regarding congressional candidates ahead of the midterm elections . The main news report focuses on the fact that the Republican Party, facing a crisis, is pouring massive amounts of money into this election to aim for a major comeback .
Now, the AI agent revolution—the assistant-type artificial intelligence revolution—is upon us . I am writing about this in large letters . So, the point is that Russia can strike even NATO member states. I am talking about this. SoftBank is issuing additional bonds now to further invest in OpenAI. Isn't Open AI an artificial intelligence model development foundation company ?
SoftBank is currently investing a huge amount of money into this . So, they are truly united in purpose; if the AI model goes well, SoftBank's stock price rises, and conversely, if it doesn't, it falls . Invest more money . This is the story. Now, next up, The New York Times. The New York Times, said to be the world's largest comprehensive daily newspaper, has selected Netanyau's speech as its main headline.
Netanyau fiercely criticized the critical forces and asked for help for Israel. Israel is too difficult. So, Mamdan says Netanya is lying again. They are engaging in such a fierce war of nerves. Now, in addition to this, we are also covering news such as the US-China summit . Regarding the U.S.-China summit , a press conference or statement by the leaders is scheduled to take place soon .
If that comes up during the broadcast, we will deliver breaking news, and if specific details do not emerge during the broadcast, we will report on it immediately afterwards. Okay, for your information, I have to leave for YTN at 8 o'clock just like yesterday, but the broadcast starts at 10 o'clock.
We are scheduled to broadcast the live on-site coverage of the U.S.-China summit starting at [time] . Okay, I'm not actually going to Washington for the site. I am not going to Washington; I am going to YTN in Sangham-dong to provide commentary while watching the screen. Anyway, we will continue with news on the U.S.-China summit.
Well, the US-China summit has concluded, and Trump had a very good meeting. Now, as for Trump. I waited at the airport for a whole hour . Standing on the asphalt, ah, the imperial protocol for China. It can be seen that Trump’s affection for President Xi Jinping was truly immense . We even launched a B1 plane to do it.
They even laid out a red carpet at the Andrew Airport red carpet. Well, the US 30-year Treasury yield has risen to a 22-year high . It means it went up even more overnight . Up to 5.46, up to 4.6. If this goes over 5.5 or 6%, chaos will ensue, but will it really keep going up to the end? The world is currently paying attention to past exam questions.
It surpassed 5.4, which is the highest in 22 years . Now, two more pandas have come to the United States. A cute panda came. May is betting that government bond yields could rise further . It can be seen as Oracle Hyperscaler's sore spot. The point is that they cannot build the New Mexico data center right now.
New Mexico is a state in the United States . We are building it in Mexico, but we are also currently building it in New Mexico. If a Warlife data center comes in, it will take away water and electricity, and it will not create jobs . Right now, public outcry is rising. The story is that Oracle is wavering over support for the construction of data centers in the U.S.
So, will the U.S. Fed raise interest rates again ? This time it's Paulson. He publicly stated that additional austerity is necessary . The story is that CNN is bringing back coverage to the White House. Takaichi. The Japanese Prime Minister will begin full-scale constitutional amendment in the National Diet in October .
Now, it is a constitutional amendment to create a Japan that can wage war and possess an army . Now, amidst this, an advisor to Iran's Supreme Leader warned that if the United States does not quickly follow the peace plan, the conflict could expand to the Indian Ocean. There is a U.S. military base in the Indian Ocean.
It can be seen as a sort of threat that Iran could strike U.S. military bases in the Indian Ocean with missiles . In any case, the U.S. is currently restarting negotiations, but it is unclear how things will turn out. Now, regarding diesel exports, the U.S. is not exporting diesel. So, what impact will this have on the global economy ?
We are writing about this as a major news story . Now, in the U.S., even master's and doctoral degree holders who want to get a professional job currently have to pay $100,000 for a visa. It's a $100,000 family business there. As a result, doctors at U.S. Big Tech companies are demanding that this policy be abolished, claiming that all the talented people are going to China, and attention is focused on what stance President Trump, who is strong on immigration, will take .
Okay, Big Short Michael Burry. The remarks made while expanding short selling are attracting attention. The memory supply shortage will end within two years. He made a public statement saying that memory stock prices would plummet . Now, the semiconductor boom is coming to an end. So I started aggressively shorting Palantir, Micron, and others, and I plan to increase it in the future.
I am talking about this. The talk is that Meta's announcement of an AI assistant is shaking up the market. Now, the agent. I'm even planting a secretary-type agent in the glasses here. It is truly the number of the Red Dragon. It can be viewed this way . Now, Jensen Huang says that Dr. Geoffrey Hinton, who has been called the father of AI, keeps saying that the end of AI is coming.
So shut your mouth. You are not always right. In doing so, they are taking issue with Geoffrey Hinton, the father of artificial intelligence . Amidst this, Microsoft announced that it would invest 13 trillion won in the Middle East for internet or artificial intelligence cloud services. Okay , AI. It's something the AI carries around in its hand.
The name of this new handheld AI product is Meta. I'll introduce it to you in a bit. The Swiss central bank currently has a zero interest rate in Switzerland . There are still countries with zero interest rates . We froze the zero interest rate . Now, foreign news outlets and broadcasters like CNN are returning to the White House to report that government bond yields are rising.
Well, a meaningful photo was captured yesterday. This is President Trump, and this is the current acting president of Venezuela . Is n't former Venezuelan President Maduro currently under arrest? A photo was taken of two people laughing right in front of that New York prison . The story goes like this: Trump and Rodriguez are currently clashing, with Rodriguez standing just 20 minutes away from Maduro's prison .
Ah, but coincidentally, in this Rodrigue, he is the Vice President, and he is the Vice President appointed by Maduro. So, if we consider the human aspect, it was Maduro who elected him as Vice President, and it is Trump who is taking down Maduro. Then shouldn't we at least say that Maduro should be released ?
There is absolutely no such talk . In that respect, there is talk of him being a heartless leader, but in any case, the point is that Maduro is currently becoming a significant diplomatic burden for both the United States and Venezuela . Now, the Canadian Prime Minister asks, "Could n't the U.S. invade?" The trade war is still ongoing .
We are also preparing for extreme risks regarding that question. If the U.S. invades, we have to fight back. This New York Times interview is currently attracting a lot of attention. Meanwhile, Seoul News apartment sales prices have finally risen for 85 consecutive weeks. This is a tie for South Korea's new record.
As for the price . It is normal for the market to fluctuate and form cycles because profit-taking sales emerge whenever it rises. That is the basic theory of price that Adam Smith spoke of . However, for some reason, Seoul apartments continued to rise for 85 weeks without ever falling. A record like this was set once during the Moon Jae-in administration, and now a tie record has been set.
So, what is the situation with real estate in Seoul right now ? Uh, it looks like this will become a significant point of contention after our Chuseok ends . So, how have the global economy, global political economy, and geopolitical issues been unfolding so far ? I examined the key points by mobilizing global media and comparing the Korean and English versions.
Now, I will first briefly summarize the key points of the New York stock market situation, and I will provide stock-specific prices later in the morning. The Tau Index, NAS, SMP Index, and Russell Index have fallen. The Nasdaq index had been falling continuously but rose slightly by 0.01% towards the end of the trading session, and then reports came out that Iran and the U.S.
would begin negotiations in Hormuji. Because of that report, they did a bit more towards the end, but overall, you could say it fell just as this puppy showed . Gold prices fell and Bitcoin dropped, while international oil prices closed higher despite news of the Hormuz negotiations . If that hadn't happened, it would have closed much higher.
In any case, it can be seen as an overall downward trend in New York stock market indicators. The Philadelphia Semiconductor Index closed down 0.03 . Now, let's take a look at government bond yields. The problem these days is government bond yields. Didn't the 10-year bond yield skyrocket yesterday?
I went up again today . Climbing higher and higher, I wonder how high we will climb ? Next, the 30-year yield continues to rise, now almost toward the 5.5 mark . Deferred government bond yields also rose, and all government bond yields rose regardless of maturity. It is truly a crisis regarding government bond yields.
It can be viewed this way . Now, moving on to today's main news: short selling in The Big Short. The person named Big Short is not a person. It means "short selling," but that's the movie title. This was a huge hit during Chuseok about 10 years ago. So, I was preparing to introduce the movie *The Big Short* to you today, but suddenly, Michael Burry, the protagonist of *The Big Short*, posted a message about the preemptive strike on short selling.
So, I can't help but talk about it. Now, the lion of that castle hears and launches a concentrated bombardment of four categories. There are many related stocks in our country as well . Let's take a look at this point . Now, Michael Burry used this formula for short selling . There was also talk that AI and semiconductors are a bubble.
What on earth did you talk about? You know the social network called Substack? It's a post I uploaded there. I will conduct a deep analysis of that post and also examine what short selling positions were taken in the focused assessment of memory semiconductors . Now, this person said while short selling that memory is increasing very rapidly right now .
I specifically pointed out the reason that a flood of listings is going to hit soon. Meanwhile, in The Big Short, Michael Burry says, " I am short selling AY and semiconductors." Let those who follow follow, those who are destined to fail fail, and those who oppose oppose. Michael Lee has issued a declaration of short selling, stating that he will go his own way.
Now, these are the four stocks I specifically picked while declaring war on short selling . One is Micron. Isn't this the company most similar to SK Hynix in memory semiconductors? Samsung Electronics, SK Hynix, and Micron are the memory trio. Now, one of the three musketeers of memory hit Micron, the only American company.
Ah, this is a point that is a bit concerning for us at SK Hynix and Samsung Electronics as well . Now, this is a company called Nevius. Nevius is a company that is really booming these days. It is a so-called "cloud of the cloud" company—Neo Cloud—that purchases semiconductors, builds data centers using them, and leases that network to companies specializing exclusively in semiconductor research or artificial intelligence.
It is a new cloud computing company. Currently, are n't there Big Tech hyperscalers like these cloud companies? Companies like Amazon, Google, and Meta. These are the primary cloud companies. I'm making money by taking semiconductors and building a cloud. Using artificial intelligence technology . However, a new cloud company called Neviswood is highly efficient because it has recently specialized in artificial intelligence support networks .
So, existing first-generation cloud companies such as Amazon, Meta, Microsoft, and Alphabet actually rent networks from this company. It has risen a lot in that regard, but ah, the stock price is too high for this too. Watch out for Nevius. Watch out for Nevisus. This is what was said . Now, there is the semiconductor industry, specifically the Philadelphia Semiconductor Index (IS Ox), and the Tiq Nanba.
I sell this semiconductor as well. Now, next is Palantir. Palantir effectively shorted the stock by buying a large volume of put options . Why sell this stock ? Now, the first micro is not a put option or a sell option in the futures market; instead, it means that I directly buy the position to short sell it .
Now, let's summarize Michael Burry's story in one sentence. Regarding current valuation levels and the current stock price situation—which we commonly refer to as valuation when comparing stock prices to earnings—these stocks have risen to truly, truly absurd prices. If this goes down to another phase of the cycle, it will dramatically clap.
It will drop dramatically . He poured out a lot of curses. Now, however, here is the fire that Michael Burry cited. Among the major semiconductor companies in Taiwan, there is a company called Ace . There is a post by the CEO of a company called Ace warning of a semiconductor oversupply . Take that text exactly as it is and look at it.
I'm not the only one who thinks that way, am I? Even experts from Taiwan, the home of semiconductors, brought it up thinking that way, but that article says the semiconductor memory is now finished. On top of that, regarding memory, China's current semiconductor memory production speed is incredible .
It is accelerating rapidly. I am capturing and uploading this kind of demo, and writing a post saying that I am dropping a Micron sell-off bomb. Now, the fact that memory prices have risen significantly, memory companies' earnings have improved, and their stock prices have gone up is due to the memory shortage.
Memory company stock prices will likely continue to rise if there is a shortage for a while longer . However, what Michael Burry diagnosed was that the memory shortage that had occurred recently for about a year was due to a temporary distortion in supply, not an actual shortage of memory. Now, what is this about?
Samsung Electronics, SK Hynix, Micron, and others are talking about HBM, but legacy semiconductors like DRAM can be described as the existing, general, and somewhat low-spec types. This situation occurred very temporarily because those facilities were downsized and everything was moved to HBM, but it does not mean that China has taken over that space or is currently conducting HBM operations .
Of course, they are also attempting HBM, but regarding long-range memory, the strategy they are currently employing is to attack low-end legacy DRAM. They claim that prices have risen because SK Hynix, Micron, and Samsung Electronics have shut down those low-end factories and moved to HBM plants. They short- sold based on the argument that the memory shortage will soon be resolved because China is aggressively increasing supply volumes .
I will keep an eye on it. The fundamental phenomenon of the short selling shortage is very temporary. And now, the production capacity of general legacy DRAM is rapidly increasing. As always, once the end of the crystal cycle is reached, semiconductor prices will plummet. I am talking about this. Also, what Michael Burry just cited is that long memory is currently DDR5, which is about 11n or 12n .
It is not top-of-the-line. If we were to catch up to our country, we would still be a very long way off . However, at that level, it can easily be installed in mobile phones or ordinary electronic devices . But didn't I report the news that this was mass-produced ? However, the yield exceeded 90% . Yield is the ratio of perfect, defect-free products.
If this 90% is true, then what Zibery said is a huge deal. If it really is 90%, then Chinese companies are no longer "the mistake of the mainland." It was really successful to some extent. In that case, it is being said that memory semiconductors could become a trigger for a massive crash . So, let's briefly summarize the four types of properties Michael Burry is short-selling.
What problems does he see? As you know, Micro is the only memory company in the U.S. and one of the world's top three memory makers. But why do we have to sell Micron? CXMT is currently launching a low-price offensive, and DRAM prices are peaking out. Now, if Michael Burry’s claim is true—that CXMT long-length memory is about to be dumped due to a low-price offensive and that DRAM semiconductors are undergoing a price pick-out—is Microsystems the only one being impacted?
If we are talking about the impact on China, then rather, consider Korea and Taiwan. In particular, how much volume are Korea's SK Hynix and Samsung Electronics currently exporting to China ? Because Changshin Memory will replace that segment with imports. Korea is by no means a fire of the dry mountain, either.
Of course, we have to look into whether Michael Murray is right or wrong, but at least according to Chief Michael Murray, isn't he basically saying to be careful with your memory? Okay, this is the Debuts Syncloud company. They buy semiconductors, build data centers with them, and then rent out those data centers .
I even lent it to Hyper Scale, so I made a lot of money. But now, regarding this point, why does Nevisus believe the stock price will fall ? Depreciation is the back of the eye. I have just purchased machines from Nvidia and others. I bought a huge amount of semiconductor CPUs. However, this machine is currently depreciating rapidly .
why? The life cycle has become very short as other companies, especially big tech firms, have started making their own GPUs . At the same time, the reason for short-selling Nevis is intuition and amortization. I will go into more detail about this when we get to the Levius section. Okay, Philadelphia Semiconductor is going to sell it.
Now, valuations across the sector are passing through a big out. This is Michael Burley's story. There are many people in Korea who have bought ETFs that track the Philadelphia Semiconductor Index, right? Now, why does Michael Burry say he is selling the Philadelphia Semiconductor ETF ? It would be worth taking it apart .
Palantir. Why is Palantir selling this again? Okay, Palantir's stock price is too high right now. The PR is 100. I was born into a company like this. I didn't see it. They are pouring out curses upon curses, saying, "In the end, Palantia will be ruined." Now, Michael Burry is saying exactly that the semiconductor cycle is fluctuating wildly amidst the AI syndrome .
So, from now on, what exactly did Michael Burry write on social media while claiming to short-sell it ? Let's take a closer look at the English, Korean, and Hanja characters . The reason I went as far as comparing the English and Korean versions to share this with you is... When interpreting foreign news reports, there may be limitations in translating the language .
So, since Michael Burry's original meaning might be somewhat distorted, minimized, or exaggerated, let's at least have the subscribers of Kim Dae-ho TV compare it with the original text. Let's know for sure. That is what it means. Gassandra is the prophetess from Greek mythology, you know . He is a very illegitimate prophet whom no one listens to, but Michael Murray calls himself Cassandra .
But everyone heard the prophecy when the Trojan War finally ended in disaster . There was actually an instance where it happened just as Cassandra predicted. Now, according to Greek mythology, Cassandra's prophecy is 100% accurate. It is just that [clears throat] people around it do not hear it. That is Cassandra's symbol.
The meaning of Cassandra in Greek mythology. Now, why does Michael Burry call himself Gassand? Gassandra is a nickname that carries a terrifying story: she is incredibly haughty, believing that her predictions are always accurate when the fools around her don't understand her meaning, and that her prophecies will inevitably come true .
Of course, that's Michael Burry's story. Anyway, I'll take a look. What statement was made in English. Okay, I am going to short sell the Micron, Nevis, iShares, Semiconductor ETF, SOX, and Palantir stocks. Okay , I'll add this. I had been doing this a little in the past, but now I am doing it in earnest.
I started by hitting the stock and declaring that I would short sell it. You ask where I uploaded it? Now, there is that substack newsletter. You can watch this if you pay money. Ah, really, there is almost nothing you can see of the New York spirit without paying . So, I am in a situation where I have to pay to view materials like these.
I sent this content to Trading Post there. So, it came to me too . Next, there is the official Substack Substack Note. I sent the reasons for the full-scale push to short sell semiconductor AI, along with the declaration and key arguments. For the first point, I specifically picked out the Micron Nevis IS Semiconductor ETF (SOX) and Palantir .
So, then why are you selling? So, after doing this and that, now, in the case of Micro, why do you sell directly? Now, the stock price has risen too much to even enter the option premium market . The options futures market has also risen too much. So I'm going to enter the spot market and sell directly .
Meanwhile, the third sentence contains the valuation. In finance, valuation refers to the current stock price level relative to earnings. Now, here we are talking about the stocks of the Dusui group. Where did you say? Micron, Nevis, the Philadelphia Semiconductor Index, and Palantir—these stocks are true, true, they have really risen so far.
How far will it go? The Aired Prize is truly insane, absurd, an unbelievable price. The current stock price is ridiculous. If the cycle changes even slightly, will... Usually, Americans don't use things like this. May might be able to do something . The auxiliary verb 'may' is used a lot, and Michael means that Will will definitely turn out that way .
Now, considering the current valuation levels, these stocks have truly skyrocketed to absurd prices, and when the cycle transitions to a different phase, they are going to experience that dramatic crash where they just plummet. Now, I uttered that curse. So, regarding the part about why it is falling, there are many of you here who have heard of Ace, the semiconductor company exclusive to Chungdae.
I quoted the CEO's remarks and said that I think so too. Now, regarding that CEO remark. Regarding memory chips, which have seen the steepest price surge this year, the chairman of Ace pointed out that there is actually an oversupply of inventory. CEO Chen Jinxing of Ace mentioned that memory companies are currently overflowing with semiconductor inventory, and I have attached this as a file.
And that is why they are telling us to pay attention to this point . Although he did not investigate it himself, Chairman Che Jin of Taiwan's semiconductor company Ace stated that many industry insiders actually believe semiconductor prices will rise by the end of next year, referring to memory semiconductors.
While the general consensus is that prices will rise, in reality, many experts predict that semiconductor prices will continue to increase. However, the reality is that the inventory is currently ongoing. There is already an overflow of inventory . And in the last sentence, these semiconductor suppliers coming from mainland China or mainland China are flooding the market.
Ah, Plading the Market. They are flooding the market with inventory. This is what I'm talking about right now. This is Michael Burry's story. Now, it turns out that the semiconductor memory companies you are short-selling are overflowing with inventory. However, I hear that Chinese companies are just shipping them out right now.
ispl flding. Okay, shall we look at the English one more time ? The point is that memory semiconductor suppliers from Rome or China are flooding the market with bubbles. So, while saying that, I also agree with this idea. I agree, too, after talking about China and Taiwan for a while. I am talking about this .
At the same time, he is writing his opinion. Now, over the past year, semiconductor prices have gone up a lot due to supply shortages. But when Michael Burry took it apart, that thing. It was temporary. why? DRAM prices rose because Samsung Electronics, Micron, and SK Hynix intentionally shut down DRAM factories to make HBM.
However, the products from this closed factory are now being manufactured elsewhere, and even Micron, Samsung Electronics, and SK Hynix have fully replenished the production facilities at this plant. So, a bomb is coming to the memory. A supply bomb is coming. This is what is being argued. And finally, I uploaded one more shot of Changshin Memory.
Okay, I heard Changshin Memory has succeeded in mass-producing DDR5. I mean, the yield is over 90%. Wow, if that's true, it's a huge deal. So, I have been talking about these things, and I have summarized them once again. I have already uploaded all of this in the posts, so please refer to them. I'll skip this for now due to time constraints .
Okay then , next up is today's third spotlight news. Four companies on the short-selling blacklist . Michael Burry's " Four Major Hit Lists of Short Sellers"—Micron Nevis, the Philadelphia Semiconductor Index, and Palantir. What kind of companies are these, and what on earth are their problems? Let's take a look at the four short-selling targets cursed by Michael Burry: Sagetsa, Micron, Nevis, Philadelphia, Banduw, and Palantir.
Michael Burry's four short-selling expressions. Four short-selling expressions created by Michael Burry . Michael Borg, I accidentally pressed the wrong button for a moment. I accidentally pressed it and made it throw this away, but it will come back soon. I can be back soon. [Gasp] Well, anyway, today is Chuseok.
It is Chuseok, so let me just say this briefly today. I would like to spend time with my family and have a good time during the holiday, but I can do that after the broadcast ends . Now, the fact that we track very important news during Chuseok when others aren't doing it is extremely important as an economic strategy.
Also , where did this go? Okay, let's do this , let's share it, and then... New York, USA... crazy. We're not just playing around here, you know. It just goes back as it is . In that sense, the world is functioning, and while it is a holiday only for our country and China, one might ask if we need to celebrate together just because those two countries are on holiday.
Moreover, isn't the situation currently one where the U.S. and China are engaged in trade, with even an economic summit taking place ? Well, given that kind of situation, I think we won't be able to avoid this. Okay, Jang Man-ok has come up in first place today. Thank you for coming in first place .
Well , thank you, and then, oh, Seonseon, you've joined Eureka as well . Oh my, the treacherous minister has returned. I'm not very good with machines . I'm sorry for the mistake I just made because I'm not good with the machine . Well, anyway, today is Chuseok, and the Chuseok songpyeon is shaped like a half-moon.
Now, the half moon is the opportunity to go from a half moon to a full moon. You may be insignificant now, but your future will be great. Would n't that be the meaning behind it? As I mentioned yesterday, this Chuseok has a much more profound meaning than China's Yuebing or Japan's Obon. I hope you all have a very bountiful day as we welcome this Chuseok.
Now Michael has brought it back. I need to study this a bit more and bring things over faster. I know I’m capable of getting this far considering I didn't know anything about computers, but I will try to pull myself together a bit more . Now, here... we were up to this point, and the computer froze for a moment, didn't it?
I am so, so sorry, everyone. Anyway, I will study computers a bit more. I found that this kind of thing was reduced to a maximum or minimum. Now, anyway, Michael Burry has reportedly selected four stocks for short selling. They are Micron, Nevius, the semiconductor Philadelphia ETF, and Palantir. One of these stocks is a memory semiconductor—the only one in the U.S.
and the number one memory manufacturer, Nevius—and the next is a new cloud company. He said he is shorting these four stocks, so those who hold these stocks should be on high alert, but even those who are not invested in them should be cautious . Now, Michael Burry's short selling. Since short selling can affect industries similar to this one, why is Michael Burry short-selling this company?
We need to examine this a bit . Now, this story points out the reason Michael Burry is short-selling Micron. Now, although there was a temporary supply imbalance, the imbalance is now being resolved at a rapid pace. Now, next, inventory is increasing at the site . Chinese dumping is happening . So, especially regarding CXMT, in the case of DDR5 for tall computers, it is relatively advanced even among legacy systems because it can be directly used in smartphones .
The yield has surpassed 50%. So I'm not going to buy Micron anymore . Micron's stock price is high, so I'm going to sell and leave. This is what I am talking about . Now, next is Nevis, which is Neo Cloud. They bought a huge amount of GPUs here. They bought a huge amount, and usually, they intended to gradually build up their reputation and depreciation over about five years, but the speed of technological development is fast, and as other companies are producing GPUs, the period for building reputation and depreciation has shortened.
Now , however, what Michael Burry is specifically pointing out right now is... The stock price, which has no substance whatsoever, rose by 1%. This isn't right, is it? I'm going to live in Nevis. I am talking about this . A particularly important point is that big tech companies are developing their own proprietary GPUs called ASX.
As I was making a solution to handle the Nvidia accelerator, Nevius's Neuclad became unnecessary. Depreciation needs to be processed faster, and in that sense, the reason for selling Nevius is that Michael Burry intends to sell and short Nevius. First, isn't it too excessive that it went up 1000% ? Then, other big tech companies are currently making alternatives to Nvidia's GPUs .
This is what I am talking about . Now, why is the third Philadelphia Semiconductor Index being short-sold ? With the economic cycle underway, people are saying that it will be difficult for Philadelphia Semiconductor to rise further . Next is sluggish demand for finished products. Now, looking at the semiconductor Philadelphia Index, manufacturers are likely to reduce demand for semiconductors because prices have risen so much lately .
And as a result, finished semiconductor products won't sell well. Also, haven't Big Tech companies been continuously expanding their data centers, such as the capital extraction known as K-Pax ? The pace at which Big Tech expands its data centers is going to slow down a bit . In short, when the pace of semiconductors and artificial intelligence slows down, the Philadelphia Semiconductor Index (SO) will also collapse.
Then I'll short-sell the Philadelphia Semiconductor Index ETF called SX as well . I am talking about this. So, why sell Palantir? Palantir's PR is too high. Among the successful companies currently on the market, there is no company with a PER as high as Palantir's. The PER is over 70 times. And looking at the forward price, it is 160%.
So, if there is a single earnings shock or misstep, Palantia will explode . Okay, the point right now is n't that Palantir is like that, but why is Michael Burry selling Palantir? I am explaining the reason for short-selling Palantir . So, I have summarized the key targets of the four major short selling schemes like this .
It would be very helpful if you came back and took another look . Now, what is the problem with that at Micron? Also, what kind of problem is there with the network ? Is it your company? What is the problem with the SOSX Philadelphia Semiconductor Index? I have organized this once again. Please check the archives for the main points while you are translating into English.
Due to time constraints. Now, Michael Burry hit the sport, but the point is, why hit it? I have summarized the key points for you. So, who is Michael Burle now? Now, anyone can say they are short-selling, and anyone can say that the semiconductor industry is going to collapse, but is n't it important who said it?
We don't really need to worry about whether a dog or a high schooler on the street has short-sold, just because they do . But since Michael Burry is somewhat famous, who is Michael Burry? Does Michael Burry have some track record from short selling in the past? Let me examine those words a bit . Who is Michael Burry?
Okay, Michael Burry. So, this is what he looks like. I am a doctor by profession, but I originally studied economics for a while. Then I went to Vandbild University, which is a very famous school. It is a school in Nashville called the Harvard of the South . Most of the Koreans who studied in the United States during the early days of the Syngman Rhee administration were graduates of Vanderbilt University.
So, I have quite a few connections at Vanderbilt University in Korea . Why did it turn out that way? Back then, when it was difficult for us to study abroad with our own money, they provided a lot of funding here . Anyway, it is a famous school. However, he worked as a doctor before turning to stocks, and now he is creating a Scion Fund.
Now, regarding investment style, this person possesses tremendous concentration; once they delve into a particular area, they will stay up all night to focus. In particular, they are a data enthusiast who collects original contract texts to analyze performance and digs up information that others have missed .
Now, during the 2008 subprime mortgage crisis. I made a huge amount of money . He also achieved a 489% return on the fund he managed, and that is when he became a millionaire. Now, since the Sublime crisis was predicted in advance even back then, we need to take a look at this timetable . The market collapsed in 2007.
However, it was in 2005 that they discovered flaws in the mortgage and began raising issues . Since 2006, he has been directly entering into short selling himself. I lost a lot of money in the beginning . So, just because short selling is happening now does n't mean it will explode today or tomorrow .
It exploded after quite some time had passed . However, the subordinates who follow this person around—the older brothers—say that he is short-selling . So, even if you follow along and a year passes, it has no effect. I come back and buy more. There are occasionally instances where things just explode in such moments, resulting in a double blow.
Of course, the reason I am introducing Michael Burry right now is by no means to say that I 100% agree with Michael Burry's views. Now, short selling is... Anyone can short sell, but even though the market is good right now, people are short selling incorrectly. Then, short covering and a short squeeze occur, causing the stock price to actually rise further.
So, I am not saying that stock prices will fall or rise right now, but rather that the views on the semiconductor sector are highly divergent. On one hand, they say it's good, but on the other, they say it's very bad. The point is to try and dig into the inside story. Why do you say Michael Burry is bad?
If you look deep into the inside and find a reason for it, you follow Michael Burry, but if not, that's not it. Or, if you buy more, the stock price will rise when Michael Burry does short covering and short skids, so you could profit at that time . It serves as a guideline for all worldly affairs and human affairs.
In particular, economic phenomena in the financial market are not unilaterally good or unilaterally bad. To celebrate Chuseok today, I really want to tell our subscribers that since there are people who say things like this, let's listen to what those people are saying . This is the story. Now, during the global financial crisis .
Scion Capital's return was 500%, but at that time, the SP 500 index only earned 3%, including dividends . So, during the global financial crisis, for several years... Now, looking at the cumulative figures from 2000 to 2008, those who invested in Scion earned 500%, while the overall average for this period was 3%.
There are statistics like this. [Gasp] Here, here. I need to be careful with this because stocks can occur during the page folding process, but anyway, recently I short-sold GameStop and Tesla, and bought a lot of Spy QQ put options, but I did n't see any success here. In a word, there is also a long history of failure.
So, Michael Burry's investment principle is thorough fundamental analysis. But stock prices [laughs] don't move 100% based on fundamentals alone . Anyway, he is the type of person who boldly goes short when asymmetry arises . You can view it like this. The most famous quote among Michael Burry's sayings.
I saw. Now, those minute details of the documents that no one else wanted to read . If you look at the details of the water flow, there are clearly flaws and clearly a crash. Most people did not try to cause it. I saw it. So, I short sell. Believe in me. Believe me. That's the kind of story it is. What, why, why am I letting other people hear that I'm short selling?
I am asking you to join me. We need to participate for the price to actually drop, don't we? So, for short sellers, one of the key success factors is whether others believe their story or not; this is a very important variable . In that sense, you could say that this is what is being said . So, then, finally, for the very last one .
I will try my best to explain what short selling is in a really easy-to-understand and simple way by adding a footnote. You really can't do it if you don't know about short selling. Now, short selling isn't limited to stock investment . Our human society also appears. We are short selling every day right now .
yes. I'm saying I'm short selling . However, they do not know short selling. Ah, if you do this, you don't understand economics. No, because it could disrupt daily household life as well . Today, I’m going to talk about the easiest way to talk about short selling . Now, I do n't have Billgongpalmae in my possession right now.
Now, you said you would sell a product that doesn't exist, but how can you sell a product that doesn't exist ? That doesn't make sense . Now, I am selling a product that does not exist. It turns out this is a public sale. That is incorrect . How would you sell a product that doesn't exist? No, there isn't.
Selling new types. That does n't make sense. What is attached to the front of short selling is underwater short selling. Since it says " underwater short selling," I'm not talking about short selling in the water; it means it's underwater, in my hands . Usually, I hold the item in my hand while selling it.
That is called an underwater short sale. Now, that is called real physical goods, and I sell it without holding it in my hand. This is an underwater auction . You're selling it even though you don't have it in your possession. So, we order items through Coupang. Then, do Coupang's vendors necessarily sell only the products they have in stock?
You can sell it even without it. why? I can just come to another place. That is called short selling, and the precise meaning of short selling is underwater. I am selling what I can bring, even though I do not have it in my possession right now. That is short selling. They keep selling things that don't exist.
Ah, how can you sell something that doesn't exist ? That makes no sense . Now, let me repeat the seven letters again. The short selling we are talking about right now is short selling in the water. Selling what is not currently in hand. However, since it will happen soon, the transaction is taking place.
Underwater short selling now. This is short selling. You can view it like this . Then borrow it for now. I borrow it and sell it for now. You just need to sell it and pay it back later . Ah, for example, I think the price of gold is going to fall right now, but my friend says the price of gold will go up.
I want to buy gold, but the gold shops are closed today because it's Chuseok . As long as we think like this, our opinions differ. Okay, there are A and B, and there is gold in the middle . A rises. B thinks differently, saying, "Okay, I'm getting off ." Then B, thinking it will go up, would want to buy it.
However, A currently has no gold in hand . By the way, can I live in Geum-ro after Chuseok ? Is there none? You can buy it . So, here we go, they say one don is 400,000 won. Then I'll sell it for 400,000 won. But since there is no water vapor, when will you pick up the gold? You don't have the actual thing right now.
I'll give it to you after Chuseok. We write the contract and hand it over . Selling gold that is not in hand . I just short-sold gold that isn't underwater . I receive 400,000 won. The price dropped to 300,000 won after Chuseok . Oh, just as I expected. People who are good at forecasting might be right when they predict that the price of gold will fall once the tin season ends .
You're right. Then, could n't he just take the 400,000 won he earned, invest 300,000 won of it to buy one don of gold, and give it to Bee? This is short selling. There are many such transactions around us. So, you sold it first for 400,000 won [clears throat], and while ownership has been transferred, the delivery of the item is taking a few days, right?
Isn't that exactly what stocks are? So, he sold one don of gold and earned 100,000 won. Difference of 100,000 won. This is the tactic of Michael Burry, who succeeded with short selling. Okay, isn't this a bit easy, our subscriber? Short selling is too easy. But what if the price of gold goes up in the opposite direction?
It became 500,000 won. Then you have to pay 500,000 won and cry, spitting out your own money . Hongmae's money doesn't always lead to success . But it looks like the price of gold is going to skyrocket. [Laughs] I think it will be 10 million won by the day after tomorrow. Then I should buy it quickly.
Shouldn't we buy at least 5 million ? That is getting short squeezed when the price of gold shorts rises. Squeeze means to erase or squeeze. So, he received 400,000 won, but he might end up in a situation where he has to pay 5 million won to buy gold and hand it over . So, therefore, if the price forecast is right, you make money, and if it is wrong, you lose money.
There is a huge risk, and regarding short selling, if you short sell a product that is sound, Then it goes up further. why? Due to short squeeze and short covering. Ah, it's not easy. Isn't it easy? Shall we take a look at the difference between general investment and short selling? Regular investing makes money when stock prices rise, but doesn't short selling follow the mechanism just mentioned where you make money only when stock prices fall?
The risk of short selling is infinite. infinity. So, you shouldn't just jump into short selling recklessly . Now, short selling. Why does short selling exist in the market ? Since the supply of liquidity does not always match demand and supply, and price bubbles can form, those who are aware of the bubble predict that prices will fall, while those who are unaware of the bubble mistakenly believe that prices will continue to rise; this is where short selling becomes profitable.
People who are aware of accounting fraud and those who only see it without knowing about it can react differently . But why is it a tilted playing field? Now, to short sell, you have to get the goods from elsewhere, right? Even if it is not in the water. So, since the current stock market only recognizes short selling, you have to borrow it first.
Even if you don't buy it. But can an individual easily borrow someone else's stocks ? So it is an institution and a foreigner. Because in foreign countries, the people are all people who have entered through institutions. And this allows for short selling operations . If everyone starts short selling even with a normal limit, the market could drop in the short term .
However, individuals do not know the inside story, do they? So, it is a fact that the playing field is tilted, but short selling is absolutely necessary. Short selling cannot be eliminated. Haven't we had the painful experience several times where, because Korea abolished short selling, our country couldn't even be included in developed country indices ?
Borrow stocks you do not have and sell them first. If the price drops, it is advantageous because you pay it back cheaply. Rising stock prices are very dangerous because there is no limit to the potential losses . Lastly, everyone, is it possible to short sell your apartment? Can I sell an apartment that isn't mine ?
Is it illegal? Is it illegal? Please reply in the comments . Everyone, it's not my apartment, it's the one next door . However, if someone passing by a real estate agency stops by briefly and says, "Hey, I really want to buy that apartment, but there are no listings," is it illegal for me to approach them and say, "Shall I sell it to you?" Is it illegal?
Is it legal? Now, it is legal under civil law. This is short selling. yes. Mr. Im Seong-taek, yes. It is legal. If you look at Article 569 of the Civil Code. An item not in hand that was judged to be non-existent first. Under civil law, selling an apartment owned by another person is legal. This is exactly the same as short selling stocks in the financial market, where you borrow shares that are not yours .
Now, if you look at the provisions of Article 569 of the Civil Code, it is clearly stated that it is legal to recognize goods of another person's rights as tools for acquiring rights retrospectively . So, how do you short-sell an apartment? Okay, there is an apartment right now, and there are A and B.
This apartment is currently worth 1 billion won. But A will go up more than 1 billion. If you do it this way, you want to buy this 1 billion won item, right? But the owner isn't overseas during Chuseok. Then hey, I'll sell my house. I don't live in that house, and I do n't own it. I don't even own it.
Now, regarding when this person will sell, it seems the apartment will drop to 700 million won once President Lee Jae-myung strengthens the real estate tax system and it passes the National Assembly. It is 1 billion, but I think it will drop to 700 million, while this person thinks it will be around 1.5 billion; we have different opinions.
Then, even though this person's house isn't mine, I'll sell it. And regarding whether the act of writing a contract itself is illegal or legal, Article 569 of the Civil Code clearly stipulates that it is legal. So then, you can also make money. why? Okay, first, let's sign a contract for 1 billion .
So, we received an advance payment and are going back and forth on the contract. But you do n't hand over the house as soon as you sign the contract, do you? The final payment is due in July, right? That takes a few months. Once you receive the down payment, the contract remains valid. Then let's sign the contract for 1 billion won .
But after about a month, it drops to 700 million. Uh, President Lee Jae-myung 's tax law is really, really scary, so my prediction was right. However, this person owns Apartment A, and the owner is abroad. Now, make a call to a foreign country . I know because we're neighbors. I called and said, "Ah, brother, you're having a hard time selling your house these days, aren't you?" I'll sell it to you for 1 billion.
So, I said, "Okay, then let's make a contract," and the real owner and the short seller agreed to sell it for 1 billion won and made a verbal agreement via KakaoTalk. Oral agreements are also legal. So, I sent about 10 million won to the account and signed the contract for 1 billion won. Now, as soon as the original owner returns from overseas, this person could sign a contract for 1 billion won to make this house their own, or they could do that right away .
They just need to hand over the house . So, you see, if you bought this for 1 billion and sold it for 1 billion, you do n't have a single penny left, right? [Snoring] But the problem is, even the original owner knows that Lee Jae-myung's tax law is scary. Hey, I wish I could sell that for even 700 million.
I have a few houses. They say they're hitting all the homeowners. And since it looks like house prices are going to fall, I own two houses. So please sell this for at least 700 million won . "Okay, I'll sell it for you," he said, and snapped it up for 700 million . Then, this adult buys this for 700 million won.
You buy it for 700 million and sell it for 1 billion, right? This is short selling. I'm telling you, you can even short sell the real estate next door. I short- sell an apartment worth 1 billion won, buy it back for 700 million won, and transfer it. I earn 300 million won. You think I look like a real estate agent?
I know what a real estate agent is, and I am qualified as a real estate agent. Mr. Lee Jae-hyun, I have created a lot of exam questions regarding real estate theory and related topics. So, buying and selling apartments and short selling stocks are quite similar, but in reality, it is difficult. Why can I secure the rights to the apartment short sale?
Because I happen to know that person who went on an overseas trip during Chuseok . If you do n't know that person, you can never get that item. If I enter into a short-selling contract but fail to acquire the item, Then you will be detained under the Criminal Act for fraud. Right now, our short selling of stocks is done by borrowing the funds first, isn't it?
However, let's say a contract was made for an apartment. Let's say A and B signed a contract for an apartment called A for 1 billion won. However, on the day of the final payment, Eul cannot reach an agreement with the original owner of the apartment. So, you can't save me. This is fraud. This is a scam.
So, if you fail to deliver the actual item later, it will be considered fraud. If it can be delivered, this is legal short selling . Now, why did I bring this all the way to the apartment? I was n't trying to explain the short-selling mechanism to you, our precious subscribers and members of Kim Dae-ho TV, by telling you to go out on Chuseok today and look at the 300 million won from short-selling an apartment.
you're right. Each of us changed our minds in the middle . Right, the person doing it on behalf of the original owner changes their mind in the middle. Then you will be shackled. It becomes a reality. Now, while it is not illegal under civil law under any circumstances, it can be illegal under criminal law; if you cannot handle the practical aspects, the same applies to short selling of stocks.
In Korea, we only have borrowed short selling, so there is no problem since we have borrowed the capital. However, in the U.S., naked short selling is also legal. If you proceed legally but fail to acquire the shares and hand them over within the deadline, that is also fraud. But since stocks aren't owned by just one person, they are easy to buy.
But regarding apartments, there is only one unit in a specific building and plot number . If there is no connection with the owner, short selling cannot be established. Well, there is such a difference. It can be viewed this way . It means that there is liability for fulfillment when selling first and then selling later .
Now, regarding this Meta Storm, too much time has passed, and I have to appear on a live broadcast on YTN starting at 10 o'clock. [Clears throat] Since the Meta case is an ongoing incident, I have uploaded all the materials. What kind of product was released? And have n't I already told you a lot about the Meta storm yesterday and the day before?
What I intended to talk about today is what Meta said at the Connect tech conference and the corporate development regarding Meta . I would like to cover this separately. What happens when government bond yields rise ? I have already uploaded all the materials for this as well, but today I will film a separate video about the Mortgage Rebellion and continue right away.
Are n't we just together on Chuseok? You all will also have to welcome grandchildren or daughters-in-law visiting on Chuseok . So, I had already uploaded all the New York stock market prices, but I got a bit late today because I was explaining how to make money by short selling apartments . Please refer to the materials .
I will repeat the announcement once again. On October 3rd, there will be an in- person special lecture titled " Kim Kwang-seok & Kim Dae-ho's Dual: A Grand View" on next year's global economic outlook . This lecture will be held at Hankuk University of Foreign Studies. Specifically, I start at 12:30.
Well, I am very close with Professor Kim Kwang-seok . So, I also appear on Kim Kwang-seok TV quite often . I hope you will take this as a reference . Okay, Seonseon, you have joined Eureka today . I feel a bit heavy-hearted because I couldn't give any songpyeon to my subscribers . Now, with all my heart, I hope our subscribers have a truly bountiful Chuseok, and I look forward to a wonderful day where your songpyeon grows into a big full moon songpyeon .
Yes, tomorrow is Saturday. I will do the analysis tomorrow morning as well. There is a CBS broadcast starting at 7:30 in the morning, so I had it recorded . So, I will do a morning live broadcast tomorrow . Okay, now for the correct government bond interest rate from earlier that I couldn't tell you about today .
Next, the correct mortgage interest rate . ruler. [Snoring] Oh my, oh dear. sorry. Do I have to say that the daughter-in-law is indeed the son-in-law, not the son-in-law ? Oh my, I'm sorry. It was a success . Aiku-nim. Oh yes. CBS stands out for its economic news. I've recorded it, so I won't be going to CBS tomorrow.
It will be broadcast on CBS, and I think I'll be able to do a live broadcast as well . Since the current government bond yield situation is quite serious, I will broadcast again tomorrow morning. Okay, Q&A. Now, there has been no announcement regarding electric vehicles at the U.S.-China summit yet.
It has not been announced yet, and while it is said that a statement could be released at the summit or an additional agreement could be reached later, no statement has been issued as of now. Once that comes out, I will upload the electric vehicle issue to the data archive . [Gasp] Oops, I'm sorry. My children still haven't gotten married, and they have no intention of getting married.
Now, Hyundai Motor has another piece of good news coming out tonight. Lee Ji-hyun. So, the point is that it has overtaken Ford . Now, just because electric vehicles are coming out now, it will be bad news for Hyundai and Kia, but that doesn't mean they are going to start electric vehicles immediately .
It will take quite a long time. So please don't be too obsessed with the "1 Rain a Day" news. Because there are both bad and good factors, and this cycle keeps repeating . Okay, regarding soybeans and electric vehicles, I will let you know if there is any announcement on YTN at 8 o'clock. I will tell you about the situation regarding electric vehicles and beans .
Nuclear power plants are not over. I will continue completely . yes. Every, I really gave a whirlwind lecture again today. A truly bountiful day, feeling just like a single sack. I consider it a true honor to have spent time with all of you like this, and my heart is overflowing with joy . To our respected and beloved subscribers, may you have abundant success not only this Chuseok but also continuously thereafter . Wishing you success today, subscribers . thank you
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