Elkski 1,584 Posted June 4, 2020 Share Posted June 4, 2020 I'm terrible at investing. who c as n have balls to invest in Thailand now? Link to post Share on other sites
Brunolem 7,185 Posted June 4, 2020 Share Posted June 4, 2020 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! 1 Link to post Share on other sites
ebean001 464 Posted June 4, 2020 Share Posted June 4, 2020 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. Link to post Share on other sites
Isaan sailor 3,883 Posted June 4, 2020 Share Posted June 4, 2020 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. 1 Link to post Share on other sites
Trillian 1,089 Posted June 4, 2020 Share Posted June 4, 2020 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. 1 Link to post Share on other sites
Trillian 1,089 Posted June 4, 2020 Share Posted June 4, 2020 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. Link to post Share on other sites
Trillian 1,089 Posted June 4, 2020 Share Posted June 4, 2020 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. 1 Link to post Share on other sites
sukhumvitneon 837 Posted June 4, 2020 Share Posted June 4, 2020 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 1 Link to post Share on other sites
Srikcir 14,760 Posted June 4, 2020 Share Posted June 4, 2020 "worse than initially estimated" Finally, something about the economy that BOT has been consistent on for the last 3 years. Link to post Share on other sites
Expat Tom 618 Posted June 4, 2020 Share Posted June 4, 2020 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. 1 1 1 Link to post Share on other sites
Trillian 1,089 Posted June 4, 2020 Share Posted June 4, 2020 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! 2 Link to post Share on other sites
Sean60 191 Posted June 4, 2020 Share Posted June 4, 2020 I guess the solution will be to allow the dirty non showering faring back to Thailand. Link to post Share on other sites
spidermike007 37,628 Posted June 4, 2020 Share Posted June 4, 2020 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? 1 Link to post Share on other sites
Trillian 1,089 Posted June 4, 2020 Share Posted June 4, 2020 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%! Link to post Share on other sites
Jack Cook 119 Posted June 4, 2020 Share Posted June 4, 2020 Lies, damn lies, and statistics. Link to post Share on other sites
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now