Most Thais Think Economy Bad, Getting Worse

[stanleycoin]

7 minutes ago, Rarebear said:

Went to a meeting last night of Thai people who were buying up real estate like crazy 

How nice .

[mogandave]

KFC is southern fried. So says the colonel.

Actually I understand the Colonel called it “Kentucky Fried”...

In any event, it’s definitely not Southern fried, it’s deep fried under pressure.

[simoh1490]

21 minutes ago, Rarebear said:

Went to a meeting last night of Thai people who were buying up real estate like crazy and all think the economy is great.  Depends on where you are and what new services are being constructed in your area.  Lots of new high speed trains and new motorways and new industrial parks in some areas that employ poor people.  Can't find common labor and have to import millions of people from Burma and Lao.  How many foreign laborers (poor people) is Thailand now employing?

There's estimated to be around 5 million migrant labourers in Thailand, around 3 million of them from Myanmar, they mostly do the jobs that Thai's don't want to do such as construction work. https://thailand.iom.int/labour-migration

 

Almost every country in the world has similar to one degree or another.

[neeray]

2 minutes ago, mogandave said:

 

 

Actually I understand the Colonel called it “Kentucky Fried”...

In any event, it’s definitely not Southern fried, it’s deep fried under pressure.

 

I was just having a little fun with their advertising words. They've experimented with various slogans but I just Googled and notice as you say they are using Kentucky Fried Chicken today. And I might add, strangely enough, I find KFC in Thailand much tastier than in my home country.

[mogandave]

I was just having a little fun with their advertising words. They've experimented with various slogans but I just Googled and notice as you say they are using Kentucky Fried Chicken today. And I might add, strangely enough, I find KFC in Thailand much tastier than in my home country.

KFC used to be “Kentucky Fried Chicken” and the name was changed to just “KFC” due to the negative health issues associated with fried food.

[Oziex1]

The strength of the economy is measured by how rich the Generals and their elite masters have become. We're fine so <deleted>.

 

Another watch, why not. 

[KiwiKiwi]

3 hours ago, mogandave said:

 

Economics exists with or without economists in much the same way that engineering exists with or without engineers.

 

Well, imho that's debatable, but I accept it's your view.

[LomSak27]

45 minutes ago, Rarebear said:

Went to a meeting last night of Thai people who were buying up real estate like crazy and all think the economy is great.  Depends on where you are and what new services are being constructed in your area.  Lots of new high speed trains and new motorways and new industrial parks in some areas that employ poor people.  Can't find common labor and have to import millions of people from Burma and Lao.  How many foreign laborers (poor people) is Thailand now employing?

Greetings Rarebear - Congrats on 7 months here and 32 posts.

[mogandave]

Greetings Rarebear - Congrats on 7 months here and 32 posts.

Deflection!!!!

[mogandave]

Well, imho that's debatable, but I accept it's your view.

Really? So without economists, there would be no supply and demand?

[chris2004]

Wine inflation is pretty bad, like 100% !!!!!!!!!!!!

[simoh1490]

10 minutes ago, chris2004 said:

Wine inflation is pretty bad, like 100% !!!!!!!!!!!!

That's not inflation, that's taxation.

[thaiguzzi]

3 hours ago, bkk6060 said:

Sure.

Everybody I know from those areas have left to come to the busier cities for better education,  jobs and lifestyle.

Chicago and Detroit are not great either, but other areas are booming...

 

Everything and the world revolves around the great Metropolis that is Bangkok, hey?

You need to get out more and realize that there is life in the cities in the provinces which (were) booming too until recently.

And everything DOES NOT have to revolve around the horror that is BKK and it's central, all encompassing power and greed.

[bkk6060]

15 minutes ago, chris2004 said:

Wine inflation is pretty bad, like 100% !!!!!!!!!!!!

The snoots are upset.

Those of us just looking for a buzz could care less.

[carmine]

1 hour ago, Rarebear said:

Went to a meeting last night of Thai people who were buying up real estate like crazy and all think the economy is great.  Depends on where you are and what new services are being constructed in your area.  Lots of new high speed trains and new motorways and new industrial parks in some areas that employ poor people.  Can't find common labor and have to import millions of people from Burma and Lao.  How many foreign laborers (poor people) is Thailand now employing?

You sound like you've only lived here five minutes.  You are talking nonsense.

 

They employ foreign labour because locals they are too bone ideal, useless and lazy to do a proper days work.  The construction industry in Thailand would grind to a halt if the Burmese left.

 

For the vast, vast majority things are far from great.

[bkk6060]

2 minutes ago, thaiguzzi said:

Everything and the world revolves around the great Metropolis that is Bangkok, hey?

You need to get out more and realize that there is life in the cities in the provinces which (were) booming too until recently.

And everything DOES NOT have to revolve around the horror that is BKK and it's central, all encompassing power and greed.

I don't go to Bangkok, so you just wasted your time.....

[mogandave]

Everything and the world revolves around the great Metropolis that is Bangkok, hey?
You need to get out more and realize that there is life in the cities in the provinces which (were) booming too until recently.
And everything DOES NOT have to revolve around the horror that is BKK and it's central, all encompassing power and greed.

Wake up, it’s the cities and provinces outside Bangkok that are sucking the country dry.

[spidermike007]

3 hours ago, Happyman58 said:

Price of Gas wife buys for shop went from 300 baht to 400 baht. Now you say that is not a lot but she buys 5 bottles a week 500 baht extra she has to find. What does she do?Jack up her prices so Thais don't eat any more or just grin and bear it. So far the price of beer, wine, whiskey and most food items just keep going up. She uses all of them. What did Thais workers get in return to cover these increases a lousy pay rise  I think 7 baht Correct me if I am wrong? But it was not worth mentioning. Seen it all before Mike in Aus Wages growth 2.7% Electricity and fuel rises over 20% Before it was the excuse by the big companies " These rises are necessary because of wage rises" Now what is there excuse? Well, they have gone all quiet but still jack up prices. Its called Greed Here it is the Junta doing the bidding of those greedy rich bas   tards who keep them in power by hiking up the prices to screw the ordinary Thais to increase profits All I can say be warned Thailand's junta poverty and oppression creates a Fidel Castro.

And Castro successfully ran one of the world's least successful economies in the past century. His dependence on the Soviet Union was legendary, and once that collapsed, so did Cuba. The poverty there was astonishing. I visited many times, and it was difficult to see the Cuban people, who I so like and admire, in that position. Little P. is leading his own people in that direction, though nowhere near as extreme. He is incompetent beyond one's wildest imagination, and has only appointed people who are equally incompetent. 

 

The lies and fabrications about 1% or 2% inflation are offensive, to most of us, who see right through the fiction. Same in the US. Same nonsense, and rampant inflation, everywhere I look. It is sometimes hard to catch one's breath, at the pace of rising prices. 

[simoh1490]

11 minutes ago, thaiguzzi said:

Everything and the world revolves around the great Metropolis that is Bangkok, hey?

You need to get out more and realize that there is life in the cities in the provinces which (were) booming too until recently.

And everything DOES NOT have to revolve around the horror that is BKK and it's central, all encompassing power and greed.

There's no escaping the fact that Bangkok is the single largest concentration of people in the country and the largest contributor to the economy, we may not like that but it remains a fact.

[thaiguzzi]

7 minutes ago, mogandave said:

 

 

Wake up, it’s the cities and provinces outside Bangkok that are sucking the country dry.

 

Wake up?

It's the other way round. Been like that for decades.

BKK always has spent more money than it earned.

[simoh1490]

2 minutes ago, thaiguzzi said:

Wake up?

It's the other way round. Been like that for decades.

BKK always has spent more money than it earned.

Do you have some numbers on that or a link?

[thaiguzzi]

2 minutes ago, simoh1490 said:

Do you have some numbers on that or a link?

No, can't be arsed. I never post links.

I post too much on this forum as is.

And don't enjoy an argument on an open forum with somebody I've never met.

Carry on posting...…. jeez over 4k in a year?

But I have lived here for over 15 years and used to read the BP in print. It's all out there if you wish to search for it.

Do have a nice day.

[KiwiKiwi]

44 minutes ago, mogandave said:

 

Really? So without economists, there would be no supply and demand?

 

 

Not what I said, not what the OP said.

 

I'm out already.

[simoh1490]

1 minute ago, thaiguzzi said:

No, can't be arsed. I never post links.

I post too much on this forum as is.

And don't enjoy an argument on an open forum with somebody I've never met.

Carry on posting...…. jeez over 4k in a year?

But I have lived here for over 15 years and used to read the BP in print. It's all out there if you wish to search for it.

Do have a nice day.

Fair enough. FWIW the BMA budget is THB 80 billion or USD 2.6 bill., Thailands GDP is USD 409 bill. BKK population is 12.2 mill, Thailands population is 65 mill. That doesn't seem to me to be unfairly balanced either as a percentage of the population or of GDP, but that's just a surface level look see.

[mogandave]

 
Not what I said, not what the OP said.
 
I'm out already.

The OP?

I thought you said it was debatable, apparently not.

[mogandave]

No, can't be arsed....

Indeed

[KiwiKiwi]

1 minute ago, mogandave said:

 

The OP?

I thought you said it was debatable, apparently not.

 

 

 

I do understand my friend, that not all things are easily understandable, but a better approach than a wise-ass comment is simply to say 'I don't understand what you mean'.

 

Anyway, no matter, this really is my last post on this thread, the signal/noise ratio is too low.

[mogandave]

 
 
I do understand my friend, that not all things are easily understandable, but a better approach than a wise-ass comment is simply to say 'I don't understand what you mean'.
 
Anyway, no matter, this really is my last post on this thread, the signal/noise ratio is too low.

Oh, I thought you were absolutely clear.

Have a nice day.

[Rarebear]

13 hours ago, Brunolem said:

Where was the IMF in 2008?

 

https://www.imf.org

Look up Regional economic outlook Asia and Pacific.  Then you can discuss the issue.

[Rarebear]

1 hour ago, LomSak27 said:

Greetings Rarebear - Congrats on 7 months here and 32 posts.

Thank you.  I've been in Thailand for 20 years working as an economic consultant to the hotel and industrial sectors.  Now we are advising buy in many areas outside of Bangkok that will be associated with the future transportation sector expansion.