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Over 1,300 factories were up for sale or out of business in first 10 months of 2019

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Would Chinese imports have any impact on this??

 

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What are you saying? Your boss continues to tell us that the Thai economy has been growing steadily since 2014, in 2019 and 2020 expects an increase of around 3%!
Once I hope your boss is right!

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14 minutes ago, hotchilli said:

Many countries around the world are feeling the same global slowdown, however the smart ones are on top of the situation and made or making changes to stay in business. 

The present USA admin is doing a good job of managing their economy, recession averted, onward and upwards.👍

The media only presents gloom & doom, China economy still growing at +6% a year.

 

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The overheated economy is due for a massive correction. And it may make the 2007 recession look mild. There is way too much air in the balloon. If they had simply let a number of huge banks fail, way back when, it might not have to be like this. But the obsession with keeping the economy humming, and looking healthy, and never allowing a correction to take place, is going to come back, and bite in a big way.

 

Frankly, I foresee the DOW dropping to 4,000 points, and the US property market dropping by 60%. What will happen here is anyone's guess. I do believe the economy needs to correct. 

 

Alot of the talk about the economy doing so well is way overplayed. Yes, the stock market is up. And some segments of the economy have done well. But, benefits have dropped, wages have not gone up in proportion to the massive inflation we have seen here, and in the US (despite protestations to the contrary) and the quality of life for the vast majority of people has declined. The top 10% are doing quite well.

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2 minutes ago, spidermike007 said:

The overheated economy is due for a massive correction. And it may make the 2007 recession look mild. There is way too much air in the balloon. If they had simply let a number of huge banks fail, way back when, it might not have to be like this. But the obsession with keeping the economy humming, and looking healthy, and never allowing a correction to take place, is going to come back, and bite in a big way.

 

Frankly, I foresee the DOW dropping to 4,000 points, and the US property market dropping by 60%. What will happen here is anyone's guess. I do believe the economy needs to correct. 

 

Alot of the talk about the economy doing so well is way overplayed. Yes, the stock market is up. And some segments of the economy have done well. But, benefits have dropped, wages have not gone up in proportion to the massive inflation we have seen here, and in the US (despite protestations to the contrary) and the quality of life for the vast majority of people has declined. The top 10% are doing quite well.

Around 2008 Western gvts reinforced the notion with banks that they wouldn't be allowed to fail.

 

They weren't too big to bail, a consequence could be that things/banks could end up being be too big to bail? Deutsche Bank being a prime candidate?

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3 minutes ago, Andrew65 said:

Around 2008 Western gvts reinforced the notion with banks that they wouldn't be allowed to fail.

 

They weren't too big to bail, a consequence could be that things/banks could end up being be too big to bail? Deutsche Bank being a prime candidate?

And around ten years prior to that, the top finance guys from the Western nations met, and essentially agreed that no matter how heinous the crime, nobody at a very high level within the financial or banking community, would ever be tried for a crime. And how many have been tried since then? How many since Charles Keating? Dimon, Blankfein, Stumpf, Geithner, and many others should be serving very long prison sentences. Mnuchin too. He is heinous beyond description. 

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4 hours ago, jlwilliamsjr18 said:

Agreed.  This condition is nothing new. It's been coming for a long time. Young Thais are way over their heads in debt (virtually 80% of GDP is debt), unchecked expansion, construction etc, and unmonitored tourism will not make it all good. At the same time blaming expats and others doesn't help either. 

Ah yes; Thailand....the 'Hub' of blaming others for everything !

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11 minutes ago, spidermike007 said:

And around ten years prior to that, the top finance guys from the Western nations met, and essentially agreed that no matter how heinous the crime, nobody at a very high level within the financial or banking community, would ever be tried for a crime. And how many have been tried since then? How many since Charles Keating? Dimon, Blankfein, Stumpf, Geithner, and many others should be serving very long prison sentences. Mnuchin too. He is heinous beyond description. 

Max Keiser concurs!🙂

(Mr Munchkin, the Israeli Ambassador).

Edited by Andrew65
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Look Chaps; no worries, the Employment Dept have just said yesterday that they have 80,000 new jobs waiting to be filled by people across the skills board !   Where these jobs have suddenly materialised from only they know ?

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15 hours ago, RotBenz8888 said:

Worst is yet to come.

With all such bad news, how come the Baht is gaining in value?? Obviously international investors believe in the Thai economy, rightly or wrongly

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