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State of economy worse than initially estimated: BOT

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13 hours ago, steven100 said:

well i'll be a donkeys a_ss  .....  of course it's worse than you expected because you are not out in the real world where everyday folks are broke .... pennyless 

BOT: TVF has predicted exactly this for decades. Finally!

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5 minutes ago, Bender Rodriguez said:

PANIC killed the economy, not COVID19

a world wide pandemic didn't help.  

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16 hours ago, Cake Monster said:

Maybe its because of the FDI coming into the Country from the Mother land to the North.

I think Thailand sees the start of a massive investment program into the Country from China, and want to a court that idea.

Any investment by Chinese Companies into Thailand in order to skirt  around Tariffs imposed by the US will soon be pinged, and a whole world of hurt will hit the Country

Investment as in debt slavery and buyouts. The usual CCP imperialism.

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17 hours ago, webfact said:

He added that the economy will contract more than initially estimated, and there are concerns that the baht will strengthen further and adversely affect economic recovery. 

So in Thailand, bad news about the economy actually strengthens the currency. What next, PM Prayut walking on water?

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17 hours ago, webfact said:

State of economy worse than initially estimated: BOT

Yet the teflon coated Baht rises high... 

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it is not making sense everything everybody says can be reversed or broken down, not one has made a statement that is one sided, like yes China is poring machinery into Thailand and ninety percent of things sold in Thailand come from China, in reverse Thailand is spending billions to China for machinery and help from China to build high speed train from Bangkok to China, and of course China is the big winner there Thailand will be in debt to China for ever when finished. Just have to add how long do you think it will be before the first major train accident. that will cost Thailand even more billions.

Talking gold, like I have said many times, what country has had the guts to ask China to put their gold where their money is

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The assessment of the Thai economy is worse than thought previously but it's still in far better shape than many western economies, that's why the baht remains strong and is rising. This is mostly a debt issue, Thailand's government debt is quite low by comparison, overall the Thai economy is in decent shape, despite it being found now to be worse than previously thought.

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3 minutes ago, johnarth said:

it is not making sense everything everybody says can be reversed or broken down, not one has made a statement that is one sided, like yes China is poring machinery into Thailand and ninety percent of things sold in Thailand come from China, in reverse Thailand is spending billions to China for machinery and help from China to build high speed train from Bangkok to China, and of course China is the big winner there Thailand will be in debt to China for ever when finished. Just have to add how long do you think it will be before the first major train accident. that will cost Thailand even more billions.

Talking gold, like I have said many times, what country has had the guts to ask China to put their gold where their money is

The gold standard ended in 1997, there is no requirement to back currency with gold.

 

And Thailand is paying for the high speed rail link using bonds and third party loans, some in USD at the request of China, China is not carrying those loans.

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I have a ETF in Thai companies, up up and more up

  • Thanks 1

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1 minute ago, moe666 said:

I have a ETF in Thai companies, up up and more up

Ditto my LTF's.

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16 hours ago, Cake Monster said:

Maybe its because of the FDI coming into the Country from the Mother land to the North.

I think Thailand sees the start of a massive investment program into the Country from China, and want to a court that idea.

Any investment by Chinese Companies into Thailand in order to skirt  around Tariffs imposed by the US will soon be pinged, and a whole world of hurt will hit the Country

Correct, Thailand is becoming the CCP next puppet, and eventually over time they will control the economy here. Thailand needs to take the rose colored glasses off before the CCP gets its claws in. Many countries around the world now are starting to see the CCP's true colors and standing up to their bullying.

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3 minutes ago, DUNROAMIN said:

Correct, Thailand is becoming the CCP next puppet, and eventually over time they will control the economy here. Thailand needs to take the rose colored glasses off before the CCP gets its claws in. Many countries around the world now are starting to see the CCP's true colors and standing up to their bullying.

They already lost control, the Sino-Thais infiltrated the system from the inside ages ago. Somewhat ironic they are returning to the place they fled from now that it's under the worst government since Mao.

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16 hours ago, Trillian said:

The ever weakening USD is a concern when it comes to Baht strength, people have been dumping the Dollar which is causing it to weaken.

Dumping the USD and buying what?

Just interested in which currency is better than the USD ......... not the GBP, EURO, NZD or AUD surely?

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4 minutes ago, DrTuner said:

They already lost control, the Sino-Thais infiltrated the system from the inside ages ago. Somewhat ironic they are returning to the place they fled from now that it's under the worst government since Mao.

The Thai-Chinese indeed control the country's economy, especially all its big corporations, but...these Chinese are like those of Malaysia, Singapore or Taiwan...they are ready to make business with the mainland, but they don't want to have anything to do with its political system.

 

The way Thailand is working, especially at government level, is hard to grasp and often appears infuriating, but in the end the results are not so bad.

 

It is not Singapore, but it also not Laos, Cambodia or Indonesia.

 

Thailand's way is "order out of chaos".

 

First there is confusion, mayhem or inaction, and then slowly the pieces start to assemble themselves.

 

It has been like this when dealing with the pandemic, and also like this when dealing with the boys in the cave: first chaos, and in the end a brilliant result...

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