The reality is that US stocks are grossly overvalued and there is an almost certain cras coming, once the presidential election is out of the way. The green shoots of growth are an illusion.There are skyrocketing debt and bankruptcies, growing queues of homeless in tent cities, mortgage payment holidays set to expire and the millions of unemployed have all spent any savings.
When the US financial system goes into depression, not recession, at best Thailand's trade and tourism will collapse.
NOW ADD A 2ND AND 3RD WAVE OF C-19.
Thai banks like all banks around the world are going to struggle. This includes all countries. Its only ''jawbone economics'' stopping bank runs. The world banks know this, and they know its almost impossible to prevent..
The banks will only guarantee a relatively small amount, because the reality is its all they can cover.
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banks aren't guaranteeing deposits
in Jobs, Economy, Banking, Business, Investments
Posted · Edited by perryclark
The reality is that US stocks are grossly overvalued and there is an almost certain cras coming, once the presidential election is out of the way. The green shoots of growth are an illusion.There are skyrocketing debt and bankruptcies, growing queues of homeless in tent cities, mortgage payment holidays set to expire and the millions of unemployed have all spent any savings.
When the US financial system goes into depression, not recession, at best Thailand's trade and tourism will collapse.
NOW ADD A 2ND AND 3RD WAVE OF C-19.
Thai banks like all banks around the world are going to struggle. This includes all countries. Its only ''jawbone economics'' stopping bank runs. The world banks know this, and they know its almost impossible to prevent..
The banks will only guarantee a relatively small amount, because the reality is its all they can cover.