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lannarebirth
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Posts posted by lannarebirth
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sorry pressed a key by mistake before i wrote the whole post and firefox posted it
there is a program running at the moment the wife is watching
the program is about a physically and mentally challenged guy about how he looks after himself saves money etc
but all i get when watching it is that the tv host is a patronising smug BEEP he's going for decidedly cheap laughs and a cheap feel good factor giving the guy 10k baht and doing his house up a little
then the interview at the studios where the audience laugh at the mentally challenged guys answers but he does get it and the smirk on the tv presenters face
people like him make me sick
There is a telethon running at present for the benefit of physically and mentally handicapped Thais. It's an extremely worthy cause but the way it is presented would leave some people from the west shaking their heads certainly.
My wife is downstairs watching it and as it is her birthday today she made a rather largish pledge as tamboon. It really is a good cause and is operated under the auspices of the Queen's charities.
Yes there's some strange production values, including the Hi-So women walking around like fashion models. They're coughing up 100,000 Baht plus apiece for their vanity so who cares?
Send'em a pledge if you can spare it.
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What's the name of that club that used to be where Simon Chiang Mai was located? It seemed friendly enough, if a little dark and loud.
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In the states one can see deflation across the board, although real estate is the most glaring example, everyday products like electronics, appliances, houshold furnishings and most grocery items are also experiencing a serious bout of deflation, and food stuffs will continue to be under pressure for quite some time as there is a record corn crop that will be harvested in the U.S. over the coming months! Deflation is a nasty bugger and it looks like it will be with us for years to come
it seems that i'm the only one on this planet who welcomes deflation (IF any).
Deflation would be most welcome in our household. Inflation may perhaps raise the values of some hard assets, but what does one do if they don't want to sell those assets? then you have to manage your currency holding so as to lower your "cost basis".
The only thing the deflation argument has going against it IMO is that its so dam_n rare, but certainly the conditions that have precipitated it in the past have been present.
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How markets work today:
oxymoron
Funny too they say since 07
I remember back in 2000 thinking how much the internet
had changed investing.
Regular folks use to have to go or call their broker etc....
Now a click of the mouse & trades were done.
So many became day traders.
I know it sounds like sour grapes but....
toxic trading takes money from real investors and gives it to the high frequency trader who has the best computer.You know when they said that.....It is the same thing I said long ago when I decided better to invest in yourself.
I really wish all the regular folks would just up & leave the markets. They ( folks like Goldman ) cannot make any money if there is no losers.
I wish folks who could change or redirect their pensions would...I wish folks who can close their 401k's & IRA's would.
Maybe you didn't read the whole article. Traders/Investors make a market. Their profits/losses do not stem from their computer speed or their ability to churn a market.
What's new is that the preponderance of volume is computer programs buying and selling to other computer programs not for positions or gains, but for the sole act of creating a transaction from which they can derive a commission. The examle given shows how they make money while price doesn't change at all. They've become a parasite attached to a host.
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Speculative Path?
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Even better, why not contract with a local German butcher for some frankfurters. Most German sausages taste about the same as a good quality hotdog, and I do not include Ballpark Franks in that category.
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Thanks agent 69,that's what i was looking for!BTW,in my opinion,"custom beliefs" thread can well stay in the"Buddhism" subforum..
Another question which i like to ask to the kind forumers;Why many Thai folks believe that it's unconvenient whistling at night?I enjoy whistling my favourite melodies all the time,but few people told me not to do it at night,otherwise ghosts will come..I'm not afraid of them so far,but that's it.
Whistling attracts ghosts? I've never heard anything so ridiculous in all my life. It IS true however that one can whistle up a storm and one should avoid whistlers at all costs, especially when venturing to sea.
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OK, this would be the decider for me. Any Baseball?
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the homeof Capachino
Do you mean "the home of Al Pacino"?
By the way, I wonder whether Al and his siblings, in other words Al et al, are all Pacini...
If its all Puccini you're looking for, then look no further.
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I guess by now most of us are looking at Bloomberg anyway, but
http://www.bloomberg.com/apps/news?pid=206...id=aTfv_xVi9efw
is a further indication of where China is heading with their trade and trading currency.
They are talking up the USD, as any move to talk it down would backfire on their reserves, and doubtless they want to continue trading with the West. But in Asia the move towards settling trade in the Yuan is logical, will reduce the currency risk of the manufactures and also reduce the overhead of having to pay the dam_n bankers commission for forex deals (GREAT!)
And I reckon the managed slow appreciation of the Yuan is EXACTLY the way to do it. It provides a steady platform as a basis for world trade, cuts out all the speculators, removes the necessity for currency hedging (again preventing the banks from earning on this). Imagine the chaos that would ensue if the Yuan was floated? It would be a huge disadvantage to China and a huge money maker for all the speculators. Might as well write a cheque for another trillion Dollars to GS&Co.
Floating currencies are a way out of a lack of fiscal discipline and provides speculators another roulette wheel to gamble on and screw the world's economy up further.
I could be wrong but I think China's stated concerns over it's foreign currency reserves are just political theater. They bought those bonds not because it suited the USA but because it suited China and they'll continue to buy them for the same reason IMO.
You know China's got a printing press too. You think they haven't been "quantitatively easing" their basket case state industries for years?
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It sounds to me like the event was crappy, even if I did not attend.
I tend to stay away from American sponsored events because my experience has taught me there is usually a shakedown coming, there is usually too much martial music and too many "men in black". If it was like that I would have no interest in ever attending. If it wasn't I'd be willing to give it a try.
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Little did I suspect how contentious this thread was going to turn out but at the risk of driving it back on topic this is just to let anyone interested know that all the pictures I took on the day are now posted here. If I took one of you or your kids and it's not there, it's probably because you blinked at the wrong moment or something technical like I forgot to focus....
Waiting to go home...
Kid's faces don't lie. It looks like they had a blast. I don't usually go in for these kinds of social gatherings but maybe I'll give it a try next year. Thanks for the great photos.
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anyone know todays price or a website which allows me to se the price each day for thai gold,,also where can i buy thai gold at a reasonable price,,thanks
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The white plastic square tanks which sit on a pallet with a wire cage around them hold 1,000 liters. I carry one in the back of my short bed Isuzu P/U sometimes. It's pretty heavy (MT) and you wouldn't want to do it all the time. You also need to brace it so it doesn't slide around.
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anyone know if the services have been altered recently? sure there used to be a 6.30pm and 7.30pm or so services overnight to BKK but according to the timetable here http://www.railway.co.th/English/Time_HTML.asp there is now only one departure per evening at 9pm? or am i missing something?
My wife and girls took the "sleeper train" on Sunday afternoon. Depature was at 4:30 PM. Unfortunately delayed 8 hours when it hit a truck on the railway crossing between Lamphun and Lampang.
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What about Hyperinflation??
nothing to worry about. hyperinflation will be compensated by deflation. dozens of gurus predict inflation, dozens of gurus predict deflation. logical result = neither nor. now waiting patiently for the next five dozen gurus to appear on the stage and predict stagflation and a new generation of voodoo priests who will scare the living bejesus out of naïve ignorants by forecasting hyperstagindeflation² (any time from now).
[signed Naam... who's striving to be the most hated poster on ThaiVisa
]More inflation/deflation blah blah:
http://www.investorsinsight.com/blogs/john...-one-right.aspx
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it's a horse you have to ride or get left standing at the gate.
Well come on then, how do us mere peeps get a slice of the action and mount this horse?
Well. it's already left the gate now hasn't it? In fact it may be pulling up lame at the half post if I'm not mistaken.
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http://business.timesonline.co.uk/tol/busi...icle6637528.ece
There are those at the top with bailouts
Goldman Sachs is on course to pay bonuses of $20 billion, or $700,000 per employee, twice last year's payout, and Morgan Stanley is projected to top last year's average bonus of $262,000 per employee with cheques close to $340,000.And another half a million poor guys at the bottom with kickouts
But Americans began firing up their barbecues only after hearing that some 467,000 non-farm payroll jobs had disappeared in June, bringing the total number of jobs lost in this recession to 6.5m and the number of workers in search of jobs to 14.7m. The jobless rate has risen to 9.5%, almost double the rate when the recession began to bite. In addition, millions of workers have accepted pay cuts and reductions in hours. Things are so grim in some towns — 15 metropolitan areas have jobless rates in excess of 15%, and Detroit clocks in at 14.9% — that their mayors diverted funds from fireworks and parade budgets to supplement food banks and other programmes to ease the plight of the unemployed.You'd have thought that GS could ease up a little on the profits and help out the at least the food banks if not the parades and fireworks. And anyway, how the f$%^ are these guys making so much money when everything is going down the pan?
Although at the beginning, when all this mysterious QE stuff started I was convinced that a massive dose of inflation was on the way. Now I am beginning to doubt it, to be honest, I am not even certain where all the hundreds of billions of new USDs and GBPs actually are, except maybe in the bonus payments to GS, MS and the rest of those scalawags (trying to be polite here). But they don't appear to be forcing their way into my bank account, which would in turn force me out into the real estate agents looking to pump up the property prices or maybe chuck a load into the FTSE, and indeed nor do they seem to be going into the creation of more debt, as the banks are being a little more cautious in lending.
With ever increasing numbers of umemployables and the currently lucky ones in the private sector paying down debt and/or being placed on short time, where is the hyperinflation going to come from? Surely even the lucky lot at GS are not going to be able to create hyperinflation with their spending power, even if they do get paid hyperinflated remuneration packages. They can only eat so much bread. (If the GS bonus guys created a new country GSLand, they would rank around 100 in the world GDP table, and that is just for the bonus bit, I wonder what there total PROFIT is and where they would rank then?)
But the newly born cyber-GBPs and cyber-USDs are not ending up as bits of paper in the pockets of the peeps, bread is still plentiful and affordable and the TV is still receiving mind numbing pap in endless amounts, so we'll all sit on the sofa waiting for the leaders to do something (thanks to Abrak for that observation).
The IMF is quietly ramping up its operation as a bank.
http://www.imf.org/external/np/sec/pr/2009/pr09248.htm
Does anybody know under what rules it can lend out to countries? Only the deposits or can it also start generating its own limitless SDR fiat money? I wonder if our good friends GS have a finger or two in the pie here?
And here's another national dig from France at the UK.
http://www.bloomberg.com/apps/news?pid=206...id=axfXt8JrJOok
That scary looking woman Lagarde said
that any discussion of currencies needs to encompass the dollar, the euro, the yuan and the yen and that the meetings of the Group of 20 are the appropriate place to have it. "The appropriate platform is the one in which all the major currencies are represented," she said.Oh, well what happened to the Quid, the GBP that mighty currency across the channel? Maybe she's right, it won't be worth squit anymore after Darling and Brown have finished their term. And maybe the IMF will replace it with the Yuan at the next opportunity, late next year?
http://www.imf.org/external/np/exr/facts/sdr.HTM
Or, Oh my God, the GBP joins the EUR..............
Seriously, if you were daytrading the US treasury with 8x leverage and had a 25%-30% quarterly return, while you were making a market in eveything that can be traded, while you could see the orders on the other side of the trade, you don't think you could mint a little bit of coin? Sure you could. The relevant question is will it be allowed to continue? My guess is yes over the intermediate term and if that's true, it's a horse you have to ride or get left standing at the gate.
Everybody gaming everyone else while someone's gaming you. Graham and Dodd spinning in their graves.
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I take back all the bad things I have muttered about Bernanke.....
I did not realize he said this in 2002
He makes a very good case for not having Fiat backed by nothing.
Today an ounce of gold sells for $300, more or less. Now suppose that a modern alchemist solves his subject's oldest problem by finding a way to produce unlimited amounts of new gold at essentially no cost. Moreover, his invention is widely publicized and scientifically verified, and he announces his intention to begin massive production of gold within days. What would happen to the price of gold? Presumably, the potentially unlimited supply of cheap gold would cause the market price of gold to plummet. Indeed, if the market for gold is to any degree efficient, the price of gold would collapse immediately after the announcement of the invention, before the alchemist had produced and marketed a single ounce of yellow metal.What has this got to do with monetary policy? Like gold, U.S. dollars have value only to the extent that they are strictly limited in supply. But the U.S. government has a technology, called a printing press (or, today, its electronic equivalent), that allows it to produce as many U.S. dollars as it wishes at essentially no cost. By increasing the number of U.S. dollars in circulation, or even by credibly threatening to do so, the U.S. government can also reduce the value of a dollar in terms of goods and services, which is equivalent to raising the prices in dollars of those goods and services. Bernanke. November 21, 2002
Something else he said in a 2002 Washington speech.
""Deflation: Making Sure 'It' Doesn't Happen Here." Dr. Bernanke stated that the Fed would not be "out of ammunition" to counteract deflation just because the federal funds rate had fallen to 0 percent. Lowering interest rates was not the only way to get new money into the economy. He said, "the U.S. government (
)has a technology, called a printing press (or, today, its electronic equivalent), that allows it to produce as many U.S. dollars as it wishes at essentially no cost."He added, "One important concern in practice is that calibrating the economic effects of nonstandard means of injecting money may be difficult, given our relative lack of experience with such policies.""
If the government was inexperienced with the policies, they were not the usual "open market operations," in which the government prints bonds, the Fed prints dollars, and they swap stacks, leaving the government in debt for money created by the Fed. Dr. Bernanke said that the government could print money, and that it could do this at essentially no cost. The implication was that the government could create money without paying interest, and without having to pay it back to the Fed or the banks.
Was he really referring to going back to the pre 1913 (old American system) of "greenbacks"?
It would sure help if the inflation (and it must come eventually) genie proved difficult to get back in the bottle.
Regards.
Referring to the highlighted sentence, who or what would it surely help if inflation could not be contained? I realize there are winners and perhaps,losers, but is anyone really helped?
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For those that like charts
Thanks I liked that
What he calls energy fields I have been calling coiling
I liken it to a spring getting ready to go
The technical anlyst may indeed be correct, but IMO the jury is still out.
I suppose energy fields can be either positively or negatively charged. A look at mid '93 to late '95 $GOLD chart illustrates the point.
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I posted this topic on another board. Hope the mods don't mind. Just love reading peoples experiences when encountering strange/scary farangs. ........ for maker" I do a quick "thanks for the offer" and make my exit!!!
Look at this way "everyone thinks they are normal"
Nope! Hehe, I KNOW I'm not, thank the good heavens!
What's the word that is the opposite of "subnormal"?
Supranormal?
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I would say 10K/mo plus school fees and health insurance would be appropriate. Everyone is different, but I imagine the school that charges 2k/mo is not suitable to provide your child with every opportunity he might dream of. Sorry for your troubles. good Luck.
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I bet you would like Palm Springs, though I dont know if any of the units are as low as 13k....
cant hurt to take a look though
The area that floods may be.
Financial Crisis
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