Thai consumer confidence plunges to five-year low

Thu, March 8, 2007 : Last updated 16:50 pm (Thai local time)

Thailand's consumer confidence plunged to a five-year low in February, hit by an uncertain political outlook and fears over escalating violence in the country's restive south, researchers said Thursday.

The consumer confidence index dropped to 79.0 points, the lowest since April 2002, from 79.9 points in January, according to the University of the Thai Chamber of Commerce.

Agence France-Presse

coming home to roost ?

Thai consumer confidence plunges to five-year low

Thu, March 8, 2007 : Last updated 16:50 pm (Thai local time)

Thailand's consumer confidence plunged to a five-year low in February, hit by an uncertain political outlook and fears over escalating violence in the country's restive south, researchers said Thursday.

The consumer confidence index dropped to 79.0 points, the lowest since April 2002, from 79.9 points in January, according to the University of the Thai Chamber of Commerce.

Agence France-Presse

coming home to roost ?

Sure took a long time, looks like domestic spending will be down along with the volume of exports, maybe we will see some changes in the baht.

Thai consumer confidence plunges to five-year low

Thu, March 8, 2007 : Last updated 16:50 pm (Thai local time)

Thailand's consumer confidence plunged to a five-year low in February, hit by an uncertain political outlook and fears over escalating violence in the country's restive south, researchers said Thursday.

The consumer confidence index dropped to 79.0 points, the lowest since April 2002, from 79.9 points in January, according to the University of the Thai Chamber of Commerce.

Agence France-Presse

coming home to roost ?

SO WHY DID THE BAHT HIT THE HIGHEST LEVEL SINCE 1997 ---- See -> http://www.bangkokpost.com/breaking_news/b...s.php?id=117298

Something is afoot

LOS is disintegrating politically/socially/economically faster than the new airport.....

Political turmoil hurts Thai corporate profits

BANGKOK: Corporate profits in Thailand dropped in the fourth quarter as consumers spent less following a military coup, and a stronger baht eroded earnings of exporters such as chip assembler Hana Microelectronics.

http://www.iht.com/articles/2007/03/07/bloomberg/sxbaht.php

Edited March 8, 200719 yr by bingobongo

STAND BACK ...........................................

Wow! Last time Consumer Confidence was this bad the SET proceeded to rise more than 150%.

Wow! Last time Consumer Confidence was this bad the SET proceeded to rise more than 150%.

But there was also Thaksin in charge, not these lacklustre barrack boys...

With these guys once you hit bottom you do not bounce back, you just start digging....

Wow! Last time Consumer Confidence was this bad the SET proceeded to rise more than 150%.

But there was also Thaksin in charge, not these lacklustre barrack boys...

With these guys once you hit bottom you do not bounce back, you just start digging....

I'm not saying that's going to happen. It's just that markets don't tend to act logically. That said, if it ever dips to 519 I'll be buying some Blue Chips and value stocks that pay dividends.

It is all much better since Thaksin has gone. The handling of the economy is sublime, on top of that the invitations extended to foreign in vestors are unheard of and the government constantly show how many standards they have for different investors. It is a good thing when the economy suffers it would support a counter coup to get these criminals out.