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OnMyWay2

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Posts posted by OnMyWay2

  1. Most Thai people are unfortunately racist. They look down on people from Laos, Miramar and Cambodia and look down on people with dark skin. Were I black, I think Thailand is not a country where I would like to live or work.

    I wouldn't call Thais racist but they are guilty of stereotyping. Many of them have probably never seen a dark skinned person with money or an education.

    Thais in my experience are not racist not surprisingly since half of their own people have dark brown skin.

  2. Agreed, though why what factors say to lean toward 34 instead of 30? I guess 30 because that is the average I have been able to budget on the past 3 years being here.

    The past 3 years isn't a good time frame to look at since the US has been easing monetary policy that whole time. That policy just reversed in July so probably for the next two years the dollar will be strengthening.

    If you're trying to forecast, I would look at where the bhat was under a more normalized Us monetary policy.

    You would need to before the financial crisis when the bhat was closer to 40.

    That may be the natural rate the BOT will prop up the bhat to give businesses a chance to adjust , they can't do this indefinitely, I think we'll see 38 within the next 3 years.

  3. Why is the baht so stable last few days should be the question. Baht should be dropping like a stone with USD appreciating across the board.

    They can artificially prop up the bhat for some amount of time to avoid any kind of panic but gradual decline is almost inevitable.

    Foriegn currency reserves have fallen by USD 1.5 bill. over the past five weeks, it's not proving to be very expensive at all.

    http://www2.bot.or.th/statistics/BOTWEBSTAT.aspx?reportID=94&language=ENG

    That's why they can afford to let it fall over time instead of a quick correction like in the nineties. I dont think that a lower bhat isn't necessarily a bad thing for Thailand. it's just bad if it happens too quickly.

  4. I feel like I've mastered trading psychology as I easily have 10k hours

    tracking individual stocks on a daily basis.

    With stocks at least the psychology comes from learning who the players are in the game. The

    news releases, who is credible and who's just trying to rattle the market.

    I haven't traded Forex and My 10k hours really only applies to a few stocks so

    going to Forex would probably be about like starting from square one with a new stock.

  5. It's kind of a bad time to be buying real estate in Thailand the biggest factor is the bhat falling. Coming in close secong would be the massive overbuilding in Pattaya and huge number of properties on the market. And of course the protests, the current account deficits, and US fed tapering.

    Thailand is about to cut interest rates so the bhat will fall even further. There's plenty of ammo on your side to negotiate what may seem like a fair price today but sellers who are aware of these facts may be trying to rip you off.

    Keep this is mind unless you dont care what kind of deal you get and just plan to buy and not look back.

  6. Personally, I am hopping for the baht to go to 42 against the US dollar.

    How long have you been hopping? Are you getting tired yet?

    With the dollar at just over B31/$1.00 I am hoping you don't have to wait too long.wink.png

    the usd will only be worth less and less. They're printing ever 80 million dollar new each month!!! That's about a trillion usd a year. the country there will collapse and pull many others down. the usd will not be the reserve standard for long anymore.

    They're printing 80 billion each month and it's finding it's way into places like Thailand and India. That's why the rupee went into cardiac arrest at the mere mention that the US might stop with the easy money.

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