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Cake Monster

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  • Birthday 06/30/1955

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    Pattaya

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  1. It really does not matter what Srettha says The Tourists themselves will declare Chiang Mai and much of the North a Disaster Zone. And along with that conclusion from them will be a massive decline in Tourism People, no matter where they are from , hate being fed a load of Tosh
  2. Thailand's Household Debt issues did indeed start way before Covid. The occurrence of Covid did not cause a massive spike in borrowing However, the Junta in charge did They openly allowed the Financial Institutions to lend money that had a very high risk of default, This was a policy that enabled the Economy to function without tanking. Covid has long since finished, but the excuse is being used to cover the sheer incompetence of the previous Government. The most scary part of all the Money borrowed is the fact that 80 % of it has been lent with little or no security upon it, unlike many other Countries that have high Household Debt that is secured against the likes of Property
  3. The magical " Navy Lark " from the sixties comes back to real life in the Twenties
  4. The neck brace has come off to allow him to swallow great mouthfuls of prime steak, and the arm support has now moved to his back ! He cannot even remember to put of the smoke and mirrors dressing correctly
  5. What numbers do " high rate " actually entail I have seen figures that some 50 + % of people applying for Home Loans are rejected in the 3M value and less sector. This being the largest sector of the Housing Market, there is trouble ahead Also I seen published that some 250,000 + vehicles were repoed last year and the number is projected to be even worse this year. And lets not forget, all these projections and numbers re bae on then Date of Financial Year End( End Sept ) last year. This Trian Wreck has had another 5 full Months to gather speed , so the Debt to GDP could easily be in excess of 92 % of GDP now, and the repos and NPL could be through the roof. There is also very little or no mention of " Special Mention Loans " - those that are over due by 30 - 90 Days in these reports, and these Loans are also starting to soar
  6. From languishing in a firm place near the bottom of World rankings last week to this head spinning achievement Wow ! Amazing Thailand !
  7. Sure ! Some Travel is need for Business and Investment purposes as well as Diplomatic reasons However Shretta seems to be a glorified Salesman on a mission to sell whatever he possibly can to keep his Country afloat I am sure that other Countries dont need to peddle their wares in this fashion to attract Investment Their track records and commitment to favourable 2 way relationships sell their own Investments
  8. I had Cataract Surgery only 3 weeks ago Anesthetic used was drops which allowed me to return to normal within a matter of just an hour or so, and therefore could return home. Injection Anesthetic takes longer to wear off - hence the possibility of an overnight Hospital stay. I was given some Steroid+ Antibiotic combined drops to use when I left the Hospital, however they did not perform for me and upon my visit one week later, the pressure was over 20 so the drops were changed and after a further 7 days pressure was good
  9. These two words are only used because the English proficiency is so poor they are unable to spell either " Attract " or " Centre "
  10. Fitch, Moody's , S&P and others are starting to see through all the smoke, mirrors and BS that has been pumped out by the propaganda machine over the last few years Early warning signs of a large correction about to take place me thinks
  11. And there have been 5 further Moths since the published Data to today I wonder what is the real number today ?
  12. Thailand has a high number of transient workers that will always follow the Money I have noticed over the last six Months that their appears to be less people seeking employment in my area, as there is just not the work for them now in the Factories as there once was.
  13. In the World that most civilized people now live in, this kind of discrimination is nothing short of a disgrace. Note to self Never Fly Thai Viet Jet Airlines reason - they fail to meet modern ethical practices and standards
  14. The BOT day rate of 2.5% is probably the lowest rate in SE Asia If ethical and responsible lending was applied instead of the current gouging employed by the Lenders there would be no problem. With Household Debt regularly posted at over 16 Trillion Baht, the recently published numbers for current Debt outstanding is " special Mention " and NPl " in the region of 1.3 Trillion That as a percentage is roughly 8.13 % Why are figures of 2,5 % on bad debt seen published Who are the Authorities trying to fool
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