Thai baht to plummet ? Thailand worst hit

[ThailandRyan]

4 minutes ago, cornishcarlos said:

 

Good try... Twisting words to suit your goal makes you appear less clever than you were aiming for...

WHO have not said "you will still get re-infection"

They have stated that there is no evidence that infection provides immunity from re-infection. Big difference there ????

“There is no evidence yet that people who have had COVID-19 will not get a second infection,” the WHO said in a new scientific brief.  There how is that, suits your needs, I have no goal, just posting info, no agenda here...a little different from what I and then you posted.....

Edited April 26, 2020 by ThailandRyan

[JAFO]

I don't think you are going to see any significant swings one way or the other in regards to Baht to USD.  I watch it daily and converted some USD to THB when it hit 33.15.  I guessed that would be about peak and it was.  It has since receded back to the mid 32.5 range and I expect it to stay that way for the time being unless something radically changes from current conditions. 

 

I work for a US company and get paid in THB converted.  

[katatonic]

5 hours ago, cornishcarlos said:

 

I am not, but I haven't heard any specialist doctors say (not lately) that we are going to have a 2nd wave that is worse than this one either.

It has been a historical fact for centuries though.

[cornishcarlos]

18 minutes ago, ThailandRyan said:

“There is no evidence yet that people who have had COVID-19 will not get a second infection,” the WHO said in a new scientific brief.  There how is that, suits your needs, I have no goal, just posting info, no agenda here...a little different from what I and then you posted.....

 

But you posted blatantly incorrect info... Posting a quote from the article makes things clear. Big difference.

[ThailandRyan]

1 minute ago, cornishcarlos said:

 

But you posted blatantly incorrect info... Posting a quote from the article makes things clear. Big difference.

Now you see how one word or phrase can change what things actually mean in retrospect to some that have been posted not only by you.  Not much of a difference from "believe you will still get a re-infection" to "no evidence people who have had COVID-19 will not get a second infection" in my book, but for you semantics is everything.  Time you start to fact check all your own posts...as well as your conspiracy theories.

[katatonic]

2 hours ago, talahtnut said:

The gov. cant write it off, but you got a good

chance of writing your own money by buying

'em, I wouldn't lend this gov. 2 Bob, its bunch

of public school oiks with all the gear and no idea.

 

Rather safer than with the superannuated student union leaders on the other side though

[cornishcarlos]

5 minutes ago, ThailandRyan said:

as well as your conspiracy theories.

 

And there it is... Oh dear ????

[ThailandRyan]

7 minutes ago, cornishcarlos said:

 

And there it is... Oh dear ????

"I guess that's a side affect of brain washing ??"

 

And those are your own words.  Anyone who is not open minded like your self must have been brainwashed....you said it yourself.

 

 

[ozz1]

Unfortunately I think the situation will get worse with the unemployment rate and no  tourists coming and exports down the baht being resisting change meanwhile the rich don't care about the peasants maybe  it's time to shake that thai money tree

[cornishcarlos]

1 minute ago, ThailandRyan said:

"I guess that's a side affect of brain washing ??"

 

And those are your own words.  Anyone who is not open minded like your self must have been brainwashed....you said it yourself.

 

 

 

And that's a conspiracy theory ?? 

It's just what MSM does to lazy people and it's what people pay the media do. 

Do you think that people who pay for the different media don't get to influence what they put out !!!

[ThailandRyan]

7 minutes ago, cornishcarlos said:

 

And that's a conspiracy theory ?? 

It's just what MSM does to lazy people and it's what people pay the media do. 

Do you think that people who pay for the different media don't get to influence what they put out !!!

No because open minded people look at all things in general and take everything with a grain of salt.  I try to post what I believe is relevant, but sometimes may utilize a word or two to enhance the flavor, you on the other hand tend to dish out abuse towards anything/anybody you don't see as following, or believe in what you yourself follow.  More to the point you make disclaimers and then dish out the abuse as well fine Sir.

 

"It did say "take from it what you will"

"Which meant I didn't expect everyone to agree with their findings !!

Amazing the abuse some give out though, just because they disagree with something"

 

 

Edited April 26, 2020 by ThailandRyan

[bkk6060]

6 hours ago, sanemax said:

The UK now has 6 million unemployed claiming benefits , the UK Gov is printing money and giving it away , that money will have to be paid back in the future .

  It took the UK 20 years to recover from WW2 , this could be similar or even worse

Yes, and I doubt the US will be there to bailout the UK with low interest loans like after WW2.

 

 

[sanemax]

Just now, bkk6060 said:

Yes, and I doubt the US will be there to bailout the UK with low interest loans like after WW2.

 

 

Maybe, what were the interest rates at the time (1945) and what interest rates did the USA give the UK ?

[cornishcarlos]

7 minutes ago, ThailandRyan said:

No because open minded people look at all things in general and take everything with a grain of salt.  I try to post what I believe is relevant, but sometimes may utilize a word or two to enhance the flavor, you on the other hand tend to dish out abuse towards anything/anybody you don't see as following, or believe in what you yourself follow.  More to the point you make disclaimers and then dish out the abuse as well fine Sir.

 

"It did say "take from it what you will"

"Which meant I didn't expect everyone to agree with their findings !!

Amazing the abuse some give out though, just because they disagree with something"

 

 

 

You obviously like trawling through my posts, so just find some abuse that I dished out to someone...

[stouricks]

6 hours ago, Boomer6969 said:

And, many of us rely on Pension Funds of which many are in danger right now. If keep receiving these reassurances emails from UNJSPF, scary as far as I am concerned.

UNJSPF ??????

[pineapple01]

2 hours ago, sanemax said:

Isnt the Thai baht quite a good performing stable currency these days ?

I took some to the US and it seems they return the compliment Thais give the $ and i dont blame them.

[ThailandRyan]

1 minute ago, bkk6060 said:

Yes, and I doubt the US will be there to bailout the UK with low interest loans like after WW2.

 

 

BKK6060, I agree with you wholeheartedly with the doubt that the US will be there to bail out the UK.  In fact, I do not believe that anyone will be able to bail anyone out of the economic ill's that the world is feeling and will continue to feel.  Where, and when will this end.  Someone has to step into the fray and take the risk to restart their economy.  However, until that is done, all that will continue to happen is more of the same things that are already happening.  One country can not base what they are doing or going to do based upon another countries actions unless they believe that the other country is moving in the right direction.  Why has there not been a group of scientists and economists from all countries been put together to discuss this issue and to find a solution?  I think the answer to that is nobody knows what to do, and they are running on the middle rail.  I would hope that the IMF and financial institutions looked at these things with an open eye and would assist, unfortunately everyone is watching their own interests. 

[xxeo]

With not waiting too long to reopen the borders and significantly devaluating the Baht (not three or four, but fifteen or twenty per cent), the Thai tourism industry and the Thai export should get an important boost to recover. Imports like wine and chocolate are not essential to Thai people; fuel prices would go up, but tourism brings fresh money. If necessary, the government can keep the fuel price low.

[sandyf]

7 hours ago, sanemax said:

Considering that Western economies are getting hit much harder than the Thai economy and that Western economies could well be decimated in the future , its highly likely that the Baht will rise  against Western currencies .

(Ha ha. yeah got a bit tongue tied , the Baht will probably rise against Western currencies is what I was trying to say ????

You could be right, currently C19 stimulus in Thailand is about 10% of GDP whereas in UK it is about 14% of GDP.

[shy coconut]

7 hours ago, cornishcarlos said:

 

And Thailand ?? Unemployed figures ??

The UK government is paying 80% of the wages of hundreds of thousands of people

for at least 2 months. Thailand is giving some people 5000 baht, not sure how much

is paid out for normal unemployed people, but doubt it is much more.

 

Many UK jobs not being considered vital are closed whereas many factories in

Thailand remain open, although some on reduced hours.

 

I cannot say for sure the what the impact on the Thai economy is, but I know

that the UK is going to suffer far worse than it did after the credit crunch.

 

How the government pays for it, I don't know. The austerity measures of the

last ten years cut services, including the NHS severely, so I would imagine there

will be many years of hardship ahead ????

[OneeyedJohn]

2 hours ago, cornishcarlos said:

 

You obviously like trawling through my posts, so just find some abuse that I dished out to someone...

Holy <deleted>tt, can u guys give it a rest.

[Oldie]

I see the exchange rate of several currencies compared to the Thai Baht every day. In my experience the Thai Baht is somehow pegged to USD. The Baht seems to be allowed to move in a certain range compared to the USD. Other currencies like Euro seem to be not important at all. 

[GreasyFingers]

8 hours ago, Mansell said:

The money doesn’t have to be paid back....it is just paper, so you just write it off.....end of story.

You must be a Jew with the 50 year Jubilee.

[Catkiwi]

2 hours ago, stouricks said:

UNJSPF ??????

United Nations Juristic Special <deleted> Fund.

[Alidiver]

The Thai manufacturing industry is based upon the Western economy. 

The tourist industry is decimated. 

All that's left is overpriced rice and rubber. 

Edited April 26, 2020 by Alidiver
Typo

[EricTh]

I think it's fear mongering like in 1997. This time it won't work because Thailand has built a healthy currency reserve.

[toofarnorth]

9 hours ago, cornishcarlos said:

 

I get paid in USD !! Maybe I should ask the boss if I can get Baht instead ??

I thought Cornwall was still quids.

[cornishcarlos]

6 minutes ago, toofarnorth said:

I thought Cornwall was still quids.

 

I aren't in Cornwall me ansom...

[shy coconut]

7 minutes ago, EricTh said:

I think it's fear mongering like in 1997. This time it won't work because Thailand has built a healthy currency reserve.

More like wishful thinking, I reckon.

[Gumballl]

8 hours ago, Ventenio said:

so he says 2 to 3 years of chaos....of course you can say the world is in chaos NOW.  So he was WRONG in predicting when the chaos would begin.  now he says it might last 2-3 years.  ???  So it might last 365 or 730 days?????  So he could be ONE YEAR WRONG and be right...lol...this stuff is sooo dumb.  

 

predictions must be ACCURATE to help anyone.  I predicted:

 

1.  virus in the next 20-years.  I said this 10-years ago.  Help anyone?  NO

2.  markets to crash in the next 5-years.  

 

I predict gold will go down in the next 20-years!!!

I predict housing prices will go up in the next 10-years!!!

I predict the baht will get weaker in the next 5-years!!!

 

all this garbage helps NOBODY. 

I predict that you will run out of predictions.

 

 

 

Oh God, please let me be right just this one time!