Isaan sailor

All relative—currency traders have pushed USD from 36,85 vs Baht ten days ago to 36.18 today. The catalyst: two consecutive quarters of negative GDP in USA. By definition, that means recession, and traders will dump the Dollar, assuming the Fed will return to printing more Dollars. Of course the current administration denies this—-claiming this time—it’s different (not a recession). Although I tend to blame Bank of Thailand for controlling the currency—in reality, it’s mostly currency traders who do.

Have you ever driven in a big American city? Quite dangerous.

Not desperation—more like frustration. Baht gyrates up and down. When it’s down—I dump money in. When it’s up—I pull back. And to quote a popular song, “I know I’m not the only one.”

Keep jacking up the Baht—and see what happens. I promise you—it won’t be pretty.

Thailand already has a huge oversupply of hotel rooms. Just drive around coastal areas. Or check prices at online booking agencies. But if the price is right—anything will sell.

Don’t let the Space Station door hit you on the way out.

Thailand will probably follow China’s lead on this: do nothing.

Suck it up, Thailand. Nobody said it would be easy.

So it’s been done before!

Perhaps they could utilize those lightweight, engineless submarines as rail cars. Think of the savings…

If you owned a cargo ship line, would you make that sail to and from Black Sea ports?

All about the Baht. Jack it up—economy slumps. Bring it down—economy takes off. It’s not rocket science.

Precisely. To get tourists numbers up—they should know by now—get the Baht DOWN.

Just another Nigerian prince, searching for someone’s Thai bank account in which he may deposit his inheritance.

Perfect sarcasm—thanks.

So should we infer that raising interest rates next month would help the economy—by jacking up the Baht? Illogical. But that wouldn’t surprise me.

As long as China burns more fossil fuel than any other nation— the trajectory won’t change.

300 Baht extra upon arrival—not a deal breaker. Why not just bring the Baht down—so it won’t matter to arrivals. Everyone wants a little more for their money.