vivananahuahin

Farang is always in fault, no discussion, never a Thai driver.

May be a future PM!!

On 2/7/2024 at 7:21 AM, Mike Lister said:

Once again, this is a USD story, not a Baht story or a BOT interest rate story. THB is valued against USD and USD has strengthened since the start of the year, especially since the start of this month. This is because fewer people believe the Fed. will cut rates as aggressively as hoped, beginning in March. As USD has strengthened, THB has devalued further, Thailand has little influence over that. Cutting the BOT rate is not going to change that THB value, if anything it will worsen matters. 

 

It's a fallacy that cutting interest rates helps exports, exports are only helped if the economy of the buying country is improving or in good shape and the buyer is able to buy. THB is already 35.5 which is far weaker than its 5 or 10 year average, cutting rates will only weaken it further and cause inflation to worsen, especially if the government goes ahead with its giveaway. USD/THB in the range of 32/34 is good value for both sides of the exports equation although expats and tourists want it much lower, I accept that!

 

And anyway, by what measure is the Thai economy faltering? Exports are down slightly because the China market is not performing but monthly exports are still pushing USD 23/24 billion per month which is well above trend and the 5/10 year averages. Tourism numbers are recovering and are heading back to pre-covid numbers? Where is this crisis that demands Central Bank rates be cut? Ah wait, it's the crisis that profits in business are not high enough and central bank rate is still too high, to borrow money to give away and ensure government popularity, hmmm!

 

https://www.marketwatch.com/investing/index/dxy

https://www.marketwatch.com/investing/index/dxy

https://www.xe.com/currencycharts/?from=USD&to=THB&view=1W

 

 

 

not my opinion, we will see in may 2024.

I understand that the Chinese or other tourists read also the news and it is not the good way to attract tourists, they will never learn, and no words from the authorities

.

it is disinflation not deflation and still not negative, China had also and a devaluation of the currency was the point to bolster exports because growth faltering in Thailand and also kan 0.25% rates cut help a little not 10.000 to help the economy.

again, it is a real pandemic.

The feudal era.

and other tragical news for the tourism, never learned about security.

First renew the very old Thai immigration law before making a Asian Aviation Hub, begin from the beginning will be more appropriate.

Do you need to be a membership to participate to this meeting and how much is the price?

if the tourists read the newspapers of tiktok, the will never come back, in Puckhet again a terrible accident with 17 Chinese tourists, all injured, bad situation up the pollution 

a weakker baht will be more appropriate after 3 months deflation, deflation means a weakening economy, if continue first recession and after depression, bad time for Thai people.

I have a stent 3 days in hospital 1 night ICU and 2 days in other room to check, now we understand this situation and is not our main worry, it is a VIP.

nice publicity for tourism, not appropriate such attitude.

a few days ago I was in a big hospital for a big check, I most take a statine for the cholesterol before they know the results of blood test, LDL 93, HDL 67, is it the reputation to make Thailand a health hub here, very funny and ridiculous and irresponsible from some doctors.

I saw on tiktok Chinese not confident any more too much problems with security.

I give him credit and will post after the 7 days.

And what about the diabetic pandemic, more concerning I think, in 2022 300.000 more it is around 1.5 thousand per 100.000 population, more concerning Doctor but no words, 2030 2x more.

21 hours ago, hydraides said:

LOL scare tactics to try and push through 10,000 baht scheme.....so desperate

 

Thai citizens should resist at all costs...........They will be giving their freedoms away in the name of CBDC implmenetation.....No way thailand ecocomy about to collapse lol...........Tourism is going to go to all time highs this high season........Billions of baht being spent by tourists everyday

 

sarcasm?

when storm in China it will rain in Thailand.

   Helicopter money  could lead  to over-inflation, a big problem then.

class tourists 5555

180 days and no money here anymore, bye...

Only give to every home a air cleaner not the 10000 baht it will be more easier and everyone will appreciate this.But.....