BillStrangeOgre

Can anyone report on the situation at Chang Wattana at the moment? Any problems? Very long waits etc?

Thanks

Thanks for that ????

I saw a report that Thailand has implemented restrictions on all foreign visitor arrivals, including medical certificate and insurance requirements to a value of $100,000 for coronavirus.

I can't verify this can anyone else? What's the latest?

Thanks

17 minutes ago, saengd said:

No I'm not suggesting that 2% can inflate away the debt, I'm suggesting the debt will continue to grow. Affordability is one of the issues and that's manageable, being accustomed to the new norms is another factor, it's a question of whether in ten years time we will continue to think that a trillion is that huge, I suggest we will not. In basic mathematical terms there is no solution to the problem other than perhaps debt forgiveness at some point which I think is very probable.

Yes, agree the debt will probably grow and as long as the bond markets have faith the the US is good for it's debt it will be able to service it

23 minutes ago, FritsSikkink said:

There will be a big financial crisis

Would you like to expand?

13 minutes ago, saengd said:

We're usually happy in economics terms if inflation is at 2%, that represents growth, if debt increases at a faster pace then issue more bonds with longer maturity dates, mortgages for life, multi-century debt, nobody said it had to make sense, it just has to be dooable. And in a decade from now, the word trillion will not raise eyebrows or cause panic, it will be the norm.

Yes, high inflation is not desirable and around 2% is the benchmark for central banks. I'm not an economist, but surely you cannot claim that huge debt levels cannot simply be inflated away with annual rates of 2%? And I understand how that debt can be structured to make it affordable.

Also, debt levels have risen to unusually high level over the past decade through multiple tranches of QE. That's why the word trillion has entered the lexicon of every day speech, not because it has been deflated. A trillion today is worth pretty much what a trillion was 10 years ago and with low rates of inflation...what it will be in 10 years hence

3 minutes ago, Orton Rd said:

Sainsbury's, Asda and Aldi

Good call!

https://metro.co.uk/video/shoppers-crush-asda-wembley-doors-6am-opening-time-2133396/?ito=video.desktop.share.top.facebook&fbclid=IwAR1uK2mrnkwHAgf1M2LLzbFJ-zOJbCz1MpyKJqy_cDw2zKxyxOoid80uB1o

7 minutes ago, saengd said:

Sorry but name dropping Buffet and Reinhart and Rogoff doesn't do anything for me, there's nothing constructive or useful in those things, unless you're writing a thesis and trying to impress tutors.

 

Fact is that a trillion in debt today may seem high now but in ten years time it will have been inflated away and will seem like peanuts, ditto over-valuations. My first mortgage was for 40k but that was 40 years ago, we thought that was a lot back then, my dad borrowed 5k for his last mortgage in 1963 and that was big also. And then in 1990 I borrowed 500k for a Cotswolds pile, we thought that was huge. It's all a matter of time and of perspective.

 

Why you ask would stock markets go up by 20% per year whilst economies increase by only 2%.

 

Because countries economies are not company balance sheets and because they can!

 

Gotta jump in here...true, debt gets inflated away over time but you need a high rate of inflation to make any real dent in a trillions dollars over ten years.

40 years ago inflation was running considerable higher than it is now. Some people will argue though that with all this QE inflation will rise, perhaps hyperinflation...remember they were saying that back in the last crisis. Didn't happen 

Yesterday my take on this fast evolving situation was that we were nearing the bottom of the sell off and that by the summer the health crisis would be improving.

Looking at the news and analysis this morning i've changed my mind...in my view the markets have a lot further to fall and due to government policy of 'flattening the curve' the Coronavirus is going to be around for a lot longer.

The consequences for economies around the world are becoming critical, this soon could turn into a financial crisis as well...☹️

1 hour ago, ChristianPFC said:

Do I get this right? You have been in Thailand for 30 days visa-exempt, then out for one week, then in again (which entry point?) since Oct 2019 and had no problems with immigration?

 

I'm asking because I'm planning to do similar in the future. I used to come here on METV but now that a visa does not guarantee entry, and I will spend more time out of Thailand, plan to do 30 days in - 1 week out.

 

To answer your question: should be no problem. I'm in similar situation (just back in Thai on visa exempt, will do extension).

Yes, arrived in Thailand end of last Oct. on a 30 day permission to stay and every 30 days since i have left for a week then reentered on another 30 day permission to stay. I've had no problems at all with immigration. I'm a Brit...have no idea if that makes a difference or not. Even the airlines (Air Asia, Thai Lion Air) on the returning leg to Bangkok have not asked for proof of onward travel. 

I have no idea what METV is?

10 minutes ago, kenk24 said:

with the market moving at 1000 points a clip and some days more than 2000 points and can flip off 500 points in a couple of hours... 15k might be less than a week away... who knows?

It's true, has the market factored in more infection numbers though? Potentially it could get as bad as Italy, NHS will not cope. As the numbers rise the harder govt. will have to crack down ie, further travel restrictions, border restrictions, business closures...next few weeks will be crucial. 

On a positive note, the situation looks to be improving in China and Korea although they paid a huge price by shutting down completely. UK and US are a long way from that

38 minutes ago, sharktooth said:

Bitcoin and ethereum

Too exotic me! ????

17 minutes ago, Logosone said:

I'm buying British Airways, BP, TUI, Shell and of course Rolls Royce who make airline engines.

 

These companies will have a great future...

Yes, airlines are an obvious buy, share prices have been trashed, can't see BA going under. Easy Jet is another i'm looking at...no banks, Logosone?

1 minute ago, stephenterry said:

Undertakers.

Lol, i hear they're hiring! ????

13 minutes ago, El Guapo said:

DOW is @ 21k, was 29k+ just a couple weeks ago, so yea 15k plausible, me thinketh. 

True dat! ????

Still, i'm interesting what people are buying or following for the upturn when it happens?

Cheers

20 minutes ago, kenk24 said:

Been liquid for quite a while [month or so]... no plans to buy for a while... the recession is yet to come, profit announcements going forward etc... mnaybe at Dow 15k or lower,... for the moment, I am happily on the sidelines... 

Dow at 15K? Wow! that's a long way down from where we are now. Don't think we will have to wait for earnings to report, think the market has already factored a lot of that in. The market hasn't fallen so far, simply on the health scare news and oil...it's clear the economy is going to tank. This time next year coronavirus will be just a bad memory

This market might have further to fall...who knows, but i do know we are entering buy territory and when the market turns it could do so very sharply. This coronavirus will not be around forever, could be over as a pandemic by the summer. The big question of course is the severity and length of the damage to economies involved. 

What funds/shares are you buying?

Hi, i'm a Brit who has been in Thailand since the end of October last year. I entered on a 30 day permission to stay. I have been flying out for a week at a time every 30 days to renew the permission to stay. 

With the current situation, many neighbouring countries closing their borders and the need to plan ahead i'm considering a trip to immigration at Changwattana to get another 30 days.

My questions; can i do that? Will they grant it considering i have already got 3x30 day permissions to stay in my passport?

Thanks for any info 

19 hours ago, SteveK said:

Same here, cost me 600 baht and have done >50 cuts with it so far including the neighbour's boy and the wifes 2 dogs. Still going strong. Sanitized with some lao khao then a drop of oil to keep the blades running properly.

 

 

 

 

Thanks for the info. Can you travel with it in hand luggage?

Just seen this. Thanks for the reply. Flew BKK-Yangon-BKK second trip out. No hassles. Even Thai Lion Air didn’t ask if I had a visa or flight out of Thailand upon re-entering

Cheers

Hi, I’m looking for a cheapo haircut place, anywhere along Sukhumvit area (up to Thong Lor) Silom areas. Just want a Number 2 all over, don’t need to be paying 350+THB for a couple of minutes work

Cheers

Hi, i'm a 62 yo Brit who's been coming to Thailand on and off for years. I've never had any issues at immigration.

I entered Thailand via Suvarnabhumi airport on October 28/2019 and received a 30 day permission to stay. I flew out 30 days later (26/11/19) for two weeks then re-entered on another 30 day permission to stay on 18/12/19. I'm planning to leave for Yangon on 16/01/20 after 30 days and will stay there for 5 days then i want to return to Thailand and enter on another 30 day permission to stay. 

Several people have mentioned i might have issues at immigration trying to come back in without a visa or another 30 day permission to stay...Any experienced members here can give their opinion?

Thanks in advance 

19 minutes ago, DrJack54 said:

Several months back CW imm were imposing a fine. Often 800baht. 

Things have calmed down and haven't heard recent reports. I did my annual extension at CW in Oct. Took along a TM30 receipt. It was not looked at. As I mentioned just ask your current hotel if they did a tm30. Worse case is they would make you do tm30 prior to issue of extension. 

Thanks for all the answers