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Melyn

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Posts posted by Melyn

  1. Its a shame that Thailand is so self centered.

    As a farang, I know what it feels like not being wanted in Thailand.

    I hope the boat people find a better place to stay

    Why thailand should host them? There is nothing common between them. In fact, these rohingyans follow a religion that orders to kill all non-muslims, no questions asked.

    They belong to Bangladesh, where they come from. They should have fleed to Bangladesh, but they don't want to go back.

    Thailand has no money to even put electricity in schools. It has all been stolen by the nouveau amart.

    • Like 1
  2. It's easy to get an idea of peoples opinions and biases from their posting, and you can get an idea of other details like age and location, but to know their social and education background ... pfft.

    I would argue precisely the opposite.Age and location one can only make an intelligent guess at.Over time however a poster's education and social class is easy to grasp.I don't even think this is even particularly controversial.Perhaps one should add a caveat to theeffect it is easier to be precise about a culture one is very familiar with, in my case British.But it applies across the board, at least with native English speakers.

    I'm a Welshman.

    What's my culture?

    The "Welsh" have a culture? <sniggers>

    We are a proud nation with a very rich culture.

    I have no idea where you're from but I can only assume that your culture was grown on a agar plate

  3. It's easy to get an idea of peoples opinions and biases from their posting, and you can get an idea of other details like age and location, but to know their social and education background ... pfft.

    I would argue precisely the opposite.Age and location one can only make an intelligent guess at.Over time however a poster's education and social class is easy to grasp.I don't even think this is even particularly controversial.Perhaps one should add a caveat to theeffect it is easier to be precise about a culture one is very familiar with, in my case British.But it applies across the board, at least with native English speakers.

    I'm a Welshman.

    What's my culture?

    • Like 2
  4. Zee Germans are right - the pay increases have all gone to the bottom end of the pay scale. Unskilled labour.

    The lower-middle that should include nurses, teachers, police, reatil bank employees, engineers etc. has seen relatively little and is having to fight for it as we have seen in strikes and protests.

    The danger is that the lower end will be content with their new salaries and will not strive to learn more whilst school leavers will be happy to leave at the earliest oportunity to start earning money.

  5. Anyone remember these?

    increased inflow of foreign money into Asia due to poor returns from major currencies.

    Increased asset prices in those territories - property, equities

    Increased consumer credit - car loans, home loans, credit cards etc.

    Increase in wages not matched by a corresponding increase in productivity

    Syphoning off of funds into "crony capitalism"

    Excessive government borrowing - flood schemes, rice schemes, high speed rail

    Balance of payment deficit - 2012 $20B

    Loans from foreign governments - China, Japan

    Devaluation of major regional currencies such as the Yen

    Subsequent recovery of the USD followed by higher interest rates

    Cost of imports rise

    Outflow of foreign money back into major currencies

    Dollar rises further

    Currency outflow accelerates

    Government attempts to "peg" the currency

    Lenders put a squeeze on further borrowing

    Foreign borrowers attempt to exit

    Currency crashes

    • Like 2
  6. Thailand currency boat appears to be twixt Scylla and Charybdis - largely as a result of flying themselves into the financial equivalent of coffin corner with maniacal aplomb.

    It is spending (2012) around $20B (6% GDP) more on imports than it receives on exports. A stronger currency will help this in theory however the reality is that prices for most imports and exports are not in Baht.

    To make the currency weaker, a reduction in interest rates would dampen the markets however the reality is that new loans would become cheaper and personal debt would climb even further. than the record levels it finds itself at.

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