If the baht continues its decline and breaks through the resistance threshold of 34-34.10 per dollar, it might challenge the 34.20 zone next," he suggested.
Well, that didn’t age well…
As long as we’re in high season—with 10’s of thousands of tourists changing their currency to Baht each day—the Baht won’t change much. I look forward to low season.
Of course we need government programs to help people. But public welfare is different. Those on public welfare did nothing to deserve it, and are encouraged to continue the lifestyle.
Welfare is a good place to start. There are multiple generations on public welfare—with absent fathers and higher welfare payments for each additional child. President Clinton instituted a work for welfare program. We should revisit the program.
That’s what I said. Look at the final result—only two survivors after they slammed into a concrete barrier. If they ditched along the airport shoreline in shallow water, how many would have survived? Far more than just two.
You got that right. Better to have government leaders and advisors who already made their money, than government leaders and advisors who have little to start with, and use their power to enrich themselves at taxpayer expense.
When you listen to the video of the tragic landing, it sure sounds like the 737-800 has an engine running. So yes, more likely they did have one engine running in some capacity—which would make a huge difference.
I predict the USD shall rise even higher (from today’s tradingview of 108 vs a basket of currencies—up to 112). Yet, the Baht will rise ever higher, due to amazingly high foreign currency inflows…