6 replies to this topic

[wardmoob]

to the mods, either ban me or let me post, my thread was deleted, lets grow up shall we. here goes try two for my modern liberal pc crybabies who monitor this thread, yes its 2015 and thanks to the internet and how wonderfully easy info is to exchange lets  not apriciate it lets all be 6th grade crossing gaurds who cry over spilt milk.

 

 

http://seekingalpha....asian-countries

 

like is said for two years, here and on another blog, Thailand will be taken a huge hair cut.

 

 

now was that so bad

[dixon cox]

That author (of the link above) talks like he's single-handedly realised what's going on.

 

China's bubble has been inflating for years and finally we are hearing the sweet squeek of over-inflation as we watch our currencies rise against the Baht (and other Asian currencies).  Without wishing to appear uncaring I have no interest in how other Asian currencies are failing, I am only interested in the gains the GBP makes on the THB.

 

The Thai government has been subsidising farmers, Thai banks have been lending like there's no tomorrow, people will be struggling to pay back their loans, re-possessions will be looming, and exports are becoming more costly to Thais. My heart bleeds.

 

Financial stress upon Thailand is severely compounded by similar, but far greater, activities in China where devaluation is steady and their stocks fell a heavy -8.5% today alone. The worst single day's dive since the Asian crash of the late 90's.

 

In mid-April the on-the-street exchange rate for GBP was just over B47. Since UK government stabalisation, EU (Greece) stabalisation, China's stock market doom, domestic Thailand's interest rates being lowered, and talk of the impending rise of UK interest rates, the on-the-street exchange rate today stood at B56.

 

GBP versus THB will likely level out during November/December as the New Year looms. Come January or February 2016 is the time the Bank of England will most probably raise the interest rate. Once that occurs we will almost certainly see another spurt in gains for the GBP versus a raft of other currencies, including THB.

 

Although Thai businesses who have foreign customers and those with loans may struggle to pay, the regular Thai people we encounter in the tourist areas will likely be fine. They will gradually feel the positive flow from the replenishing wallets of the already (apparently) overly wealthy farang.

[wardmoob]

nope, you (that above replier) have it all sideways to backwards.

 

 

feds will be raising rates this September, its the ''call back'' as ive dubed it. brace yourself in the next month as its just started.

 

there isn't going to ever be a high season like there used to be around 2000 and prior again. dream on.

 

farangs have money today? 

 

''the regular thai people we encounter in tourist areas will be fine'' u mean the weekend bkk thai who don't for the life of them bother with laotion rift raft bar's aka the entire business model of say pattaya?

 

why the need for phony optimism, seeing as your just a wallet to them and now your wallet will go further.

 

I sure hope when the gbp and usd are at the top and thai at the bottom that your extra 40k baht u will have to spend on laotion farmers daughters turned hookers will really I mean really help the economy.

 

 

Chinese tourist, philipino workers and you sir I hope will save the day, im very very optimistic.

 

'gradually' and ''apparently'' your most honest words in your rant, what they mean I don't know, sounds like words banks and loan sharks most like to hear if u ask me.

 

nobody raises rates during purchaseing season, aka the holidays, its done before or after.

[yung havok]

"I sure hope when the gbp and usd are at the top and thai at the bottom that your extra 40k baht u will have to spend on laotion farmers daughters turned hookers will really I mean really help the economy."

 

this hits so close to home, you shouldve seen the ladyboys face at the bank, he had the biggest smile on his face, the jump from 30s to 35 baht makes no real difference to me, a part of me gets a kick out of these asian countrys eating the shit, but an extra 500 baht on a western union to a fuckboy in issan is huge im looking forward to staring into the eyes of a butthole myself

[jimbo34]

nope, you (that above replier) have it all sideways to backwards.

 

 

feds will be raising rates this September, its the ''call back'' as ive dubed it. brace yourself in the next month as its just started.

 

there isn't going to ever be a high season like there used to be around 2000 and prior again. dream on.

 

farangs have money today? 

 

''the regular thai people we encounter in tourist areas will be fine'' u mean the weekend bkk thai who don't for the life of them bother with laotion rift raft bar's aka the entire business model of say pattaya?

 

why the need for phony optimism, seeing as your just a wallet to them and now your wallet will go further.

 

I sure hope when the gbp and usd are at the top and thai at the bottom that your extra 40k baht u will have to spend on laotion farmers daughters turned hookers will really I mean really help the economy.

 

 

Chinese tourist, philipino workers and you sir I hope will save the day, im very very optimistic.

 

'gradually' and ''apparently'' your most honest words in your rant, what they mean I don't know, sounds like words banks and loan sharks most like to hear if u ask me.

 

nobody raises rates during purchaseing season, aka the holidays, its done before or after.

 

 I can't see any way the "feds will be raising rates this september.....", wardrobe. And i share Dixon Cox's view that the baht will continue it's slide, albeit with a pause during High Season/ New Year.

 

 Tourism will be the one bright light in the gloom of the thai economy, providing there are no more bombs and Elvis stays in the building.

 

 From our (western) perspective this is all good news.

 

 If you coming/thinking of coming to Thailand over the foreseeable future, bring cash in euros/dollars/pounds and enjoy the benefit!

[batman4ever]

Well Boom...the simple reason that i deleted your post was the simple reason that the site you link to demand that you register when you reach page 2... quite simple as that

out of respect for the other posters i wont do it this time Again.

 

please NeXT time copypaste the article so people dont have to register

[wardmoob]

I didn't know the link couldn't be seen, my fault. I didn't have to register myself. thanks batman.