State of economy worse than initially estimated: BOT

[Elkski 1,584]

I'm terrible at investing.  who c as n have balls to invest in Thailand now? 

[Brunolem 7,185]

13 minutes ago, BritManToo said:

Dumping the USD and buying what?

Just interested in which currency is better than the USD 

The best and most resilient money: gold!

[ebean001 464]

safely open the bars. that will be the end of it. open tourism. it is all about testing...i mean effective testing then having people follow the obvious guidelines in public. the flu is probably causing more health problems than the virus in thailand. lots of people get the flu. many die especially in USA. (actually 500/day die in USA during their flu season). 

We need a pill that helps recovery. the vaccine is like chasing a ghost. it will take a long time and people will be divided in getting a vaccine.

[Isaan sailor 3,883]

17 hours ago, Misterwhisper said:

So if

and

and

and

then why would there be

?

 

Under all these above conditions PLUS the fact that millions of workers have lost their jobs while inflation soars, shouldn't the THB tank at least a little bit instead of strengthening? I just don't understand what is keeping it so high. It cannot be due to (foreign) investors parking their funds in the THB as a "safe haven currency" alone, can it?

Obvious to even the casual observer that the Thai economy suffers from the double whammy of an overpriced Baht and a China-centric government.  If and when western countries move supply lines away from China—Thailand would not experience any recovery, if things don’t change.

[Trillian 1,089]

27 minutes ago, BritManToo said:

Dumping the USD and buying what?

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

THB and gold.

[Trillian 1,089]

16 minutes ago, Elkski said:

I'm terrible at investing.  who c as n have balls to invest in Thailand now? 

Lots of people. Holding LTF's in Thailand is one way, they're a composite of the top Thai SET funds. Another way is to hold investment funds that include a slice of Thai investments, I've held both for several ears and have recently added to both when the prices were low, lots of other people did the same.

[Trillian 1,089]

6 minutes ago, Isaan sailor said:

Obvious to even the casual observer that the Thai economy suffers from the double whammy of an overpriced Baht and a China-centric government.  If and when western countries move supply lines away from China—Thailand would not experience any recovery, if things don’t change.

Neither of those things is a negative, if you happen to be Thailand, only if you're an expat living in Thailand on fixed income, at the mercy of exchange rates and with no income in Baht.

[sukhumvitneon 837]

38 minutes ago, BritManToo said:

Dumping the USD and buying what?

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

gold and bitcoin

[Srikcir 14,760]

"worse than initially estimated"

Finally, something about the economy that BOT has been consistent on for the last 3 years.

[Expat Tom 618]

The currennt situation is great for expats with foreign incomes but terrible for the Thai people.

The Government should just sell Thailand to the Chinese. They will eventually own it anyway. Holding back the Chinese is like trying to hold of a plague of locust. 

[Trillian 1,089]

6 minutes ago, Expat Tom said:

The currennt situation is great for expats with foreign incomes but terrible for the Thai people.

You've got that back to front! Thailand's is great for anyone with Thai income but pretty lousy for anyone with foreign currency income, ask any expat or FOREX dealer!

[Sean60 191]

I guess the solution will be to allow the dirty non showering faring back to Thailand.

[spidermike007 37,628]

The most preposterous, ridiculous, arrogant, inane, and idiotic aspects of the economic projections, that many have been making about the recovery, is that it is all based on less than zero. There is no experience in re-starting a major economy because it has never been done, in a deliberate manner. Never in world history. So, how do you develop an effective computer model, or projection based on sheer nothingness? Of course it is going to be worse that projected. Just the very thought that you know how this is going to turn out is inane. The variables are nearly infinite. The "ramp up" will be infinitely harder than previously presumed, the joblessness higher, tourism more greatly decimated, and the unemployment rate will remain high for a long time to come. Possibly years to come. 

 

Here are a few images of Chaweng Beach on Koh Samui taken yesterday by a friend of mine. It is not only a ghost town, the place is all torn up, and roads are decrepit, and countless stores have closed permanently. Since the island thrives primarily on international tourists (Thais have never considered Samui a destination, due to the local piracy), who knows how long it will be before it even resembles an attractive, or thriving place to visit?

 

 

[Trillian 1,089]

5 minutes ago, spidermike007 said:

 Of course it is going to be worse that projected.

There is a 50% chance of that being true, not 100%!

[Jack Cook 119]

Lies, damn lies, and statistics.