
Eric Loh
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Everything posted by Eric Loh
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In a recent Washington Post article, Cassidy Hutchinson's testimony was speculated to be another John Dean moment. She has spent almost 20 hours with the Jan 6 committee in previous hearing. She likely to testify about her direct knowledge of Meadow's efforts to help Trump steal the elction by sabtaging the electoral count in Congress. Borrowing the words of a disgraced leader "be there. Will be wild" at today's hearing.
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What's that sound? Americans whooping in joy at the exchange rate!
Eric Loh replied to webfact's topic in Thailand News
Not a secret that central banks in Asia spend billions in their foreign exchange reserves to slow down currency declines. Evident in their sliding reserves including Thailand. -
The FED hasn't hiked interest rates this agreesive in decades. So far FED has hike rate by 1.75 percentage points this year and will most likely to push rate all the way up to 2.75-3 percent. How will BOT respond and is there risk that the FED hike does more harm than good to the economy. A recesssion will take the sail out of dollar strength.
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BOT this morning at an analyst meeting has dropped a big hint on hiking interest rate. Their focus will be on monetary policy adjusted in a timely manner to keep inflation expectation anchored. BOT will hope that it will reverse the capital outflow and stablize the Baht and together will tourism increasing that will creat demand for Baht. Don't think it will effective to strengthen against the hefty rate increase by FED but certainly possible to stabilize the Baht which is much needed for the economy.
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Ex-Trump aides say six House Republicans sought pardons after Jan. 6
Eric Loh replied to onthedarkside's topic in World News
Considering Brooks and others who sought pre-emptive pardons are the inner circle of the coup plot, the pardons will be be indirect evidence of a logical inference that the fact exist in court case. Not good for them and Trump. -
Ex-Trump aides say six House Republicans sought pardons after Jan. 6
Eric Loh replied to onthedarkside's topic in World News
Think orange jumpsuit. ???? -
Ex-Trump aides say six House Republicans sought pardons after Jan. 6
Eric Loh replied to onthedarkside's topic in World News
Mo Brooks abandoned by Trump and will testify to the Jan 6 committee. Could be the John Dean that will put the final nail to Trump’s demise. -
You right that average 200 killed each year in accidents caused by deer compare to 18,800 people died due to gun violence by June 2022. There are many nutters in other countries too but none is more dangerous than gun loving law protected Americans. It is relevant to all as it amazed us on how broken the US political system and how a minority is holding the majority hostage.
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Denialists still singing from the same song sheet that widespread fraud could have been committed because poll watchers didn't get proper access to the voting process. Trump regurgitate this BS repeatedly. Fact is that all the lawsuits related to this BS have been dismissed over LACK of EVIDENCE. Period and end of story.
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How long can Thailand’s central bank swim against the tide?
Eric Loh replied to webfact's topic in Thailand News
Delicate dance for BOT. The inflation spike is not due to demand and wage increase but surge in energy costs. Raising rate will be disastrous for most Thais with debts. It will snowball to massive bad loan situation which will badly affect financial institutions. It will also create a drop in demand for housing, cars, household appliances etc and certainly can lead to a recession. IMO the energy price surge is shock reaction to Russia oil & gas sanctions. The west will rally and probably find other sources of oil supply and sanctions against Iran and Venezuela likely lifted. I think targeted fiscal policies rather than rate hike will be better to deal with the current economic situation. Reversely the interest rate differential with US is causing massive outflow of capital from Thailand to US and causing the Baht to weakened and caused imported inflation. However the return of tourists back to Thailand will creat a demand for Baht. The economy is also improving and likely return to a current surplus which will strengthened the Baht. A delicate position for BOT to ponder. -
Paetongtarn given rousing welcome in Ubon Ratchathani and Si Sa Ket
Eric Loh replied to webfact's topic in Thailand News
Just imagine the embarrassment of those old generals to lose to a young political upstart. Happened once and will happen again.