<Anchor>

Friendly economy, today with Kwon Ai-ri (26th). Kwon, come on. (Good morning.) Yesterday, our stock market was shaky and the won depreciated and the situation was not very good. Specifically, why was it obvious yesterday?

<Reporter>

There was something I could see. Yesterday, the KOSPI fell nearly 2 percent, the biggest drop in five months, and the stock market is expected to be a repeatable market for some time to come.

Interest in the financial market is now a concern because the worries about a slump in the world's stock market, rather than worrying about a day or two, are reflected in this number.

I have also mentioned here that the situation surrounding our economy this year will be more difficult than last year.

China's economy is sluggish, and Britain's problems with the break-out of the EU continue to be unfolding.

Europe continues to see a slowing economy. But last week in the US, "Uh, now is the signal to go to recession?" That's what happened.

With the "US even" situation, the US stock market was shaking considerably ahead of the weekend, and that anxiety affected not only us but also the global stock market.

The US stock market, which closed just short of last week, ended with no further deterioration as the US special envoy to President Trump ended up without any problem, but the anxiety about the game remains.

<Anchor>

Finally, the US and other countries are worried about the global economic slowdown. What is the signal to show up in the United States last week?

<Reporter>

It was the first time in 12 years since 2007, when it appeared before the financial crisis, that there is a government bond issued by the US government.

In normal so-called, so-called normal markets, interest rates are higher at higher maturity of government bonds.

However, recently, interest rates on US Treasury bonds, which have maturities of 10 years, have been dripping down.

If this happens, it is usually referred to as a reversal phenomenon. As I mentioned before, it is the reversal that appeared in 12 years.

What this means is that in the bond market, it is generally predicted that the recession is coming, so it can be interpreted that even after some time in the future, interest rates are expected to rise even higher than now. If this reverse phenomenon appears, it was in fact a signal of a near-term recession.

A US investment advisory firm looked into it and found that there have been only seven such cases in the last 50 years that the 10-year government bonds and the short-term three-month reversals that have been seen in the US have lasted for ten days. There has been some analysis that the economy has entered a recession in about a year.

It is not unreasonable that the US stock market was surprised last week because the recession signal that I know well in the market appeared in 12 years. And that effect was crazy in the world.

<Anchor>

Do you have a positive outlook?

<Reporter>

Although the world market was surprised at the beginning of the weekend, there is an analysis that this is weaker as a sign of the upcoming recession than before.

It is an analysis that it is difficult to say that the reversal phenomenon is once a strong signal as it is because the state that the money is released freely in the market today and the interest rate is generally lower similarly.

There are also some bad indicators in the recent US indicators, but there are many that are not yet in a downturn.

But the signs that the US situation is not as good as it had hoped, even without a recession, is still steadily coming out now.

The United States raised interest rates four times last year. Nevertheless, he said that he would raise it a few more times this year.

And then, last week, we talked about no interest rate hikes this year. In fact, when the base rate is not likely to come up, the market is good.

It is easy to save money, but last week 's news was about to affect the US reversal of short - term interest rates. "No, I do not have a lot of confidence in the game right now."

The global market is not in good mood overall and the economy will be slowed down. It is slowing down or slowing down, so we need to look around and respond.