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Household debt has risen to alarming levels over past decade, BOT study finds


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On 10/2/2020 at 5:17 AM, Happyman567 said:

Honestly what is  a car as long as it gets u from A to B That is its job but some  people go overboard and must have the best ones that they cant afford 

Did you know that most Cars are only used for 2% of the time doing what they are actually intended to do.

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And the media has been reporting on it pretty much annually for the last decade.  In the meanwhile, banks and leading institutions extend more and more debt to debtors who are for all practical senses underwater and drowning.  Now, when the banks themselves can no longer service the debt and ask for government bailouts, well, you'll hear this said again and again, "We never saw it coming!" 

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I think the actions of that Kasikorn CEO that became finance minister for 22 days and then did a hasty exit says it all. He took one decent long look at the real figures and thought to himself "To hell with this" as he obviously didn't want to be the fall guy.

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