Mid Posted March 8, 2007 Share Posted March 8, 2007 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 ? Link to comment Share on other sites More sharing options...
ray23 Posted March 8, 2007 Share Posted March 8, 2007 Thai consumer confidence plunges to five-year lowThu, 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. Link to comment Share on other sites More sharing options...
gjones Posted March 8, 2007 Share Posted March 8, 2007 Thai consumer confidence plunges to five-year lowThu, 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 Link to comment Share on other sites More sharing options...
bingobongo Posted March 8, 2007 Share Posted March 8, 2007 (edited) 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, 2007 by bingobongo Link to comment Share on other sites More sharing options...
Mid Posted March 8, 2007 Author Share Posted March 8, 2007 STAND BACK ........................................... Link to comment Share on other sites More sharing options...
lannarebirth Posted March 8, 2007 Share Posted March 8, 2007 Wow! Last time Consumer Confidence was this bad the SET proceeded to rise more than 150%. Link to comment Share on other sites More sharing options...
Temporaneo Posted March 9, 2007 Share Posted March 9, 2007 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.... Link to comment Share on other sites More sharing options...
lannarebirth Posted March 9, 2007 Share Posted March 9, 2007 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. Link to comment Share on other sites More sharing options...
wrecker Posted March 11, 2007 Share Posted March 11, 2007 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. Link to comment Share on other sites More sharing options...
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