The Thai Economy Is In Crisis

[Mid]

Question for Palm ..........

Was the article written by a farang ?

Paisarn Likhitpreechakul

Bangkok

Paisarn Likhitpreechakul is a freelance writer. His family began business as a motorcycle dealership when he was seven. Despite his lifelong attempts to run away from the business, fate would not hear of it.

nationmultimedia.com

CITE

Edited September 9, 2007 by Mid

[midas]

Question for Palm ..........

Was the article written by a farang ?

Paisarn Likhitpreechakul

Bangkok

Paisarn Likhitpreechakul is a freelance writer. His family began business as a motorcycle dealership when he was seven. Despite his lifelong attempts to run away from the business, fate would not hear of it.

nationmultimedia.com

CITE

Mid you beat me to it

[Mid]

1 in 5 Thais short of money - Poll

Updated: 2007-09-09 20:02

BANGKOK -- Almost one-fifth of all Thais are facing economic hardship as they do not have enough money for daily expenses, a latest survey showed.

The poll, which was released on Sunday by the official Thai News Agency, was conducted by the country's famous Assumption University's ABAC Poll and surveyed 1,461 people aged over 18 in Bangkok and the surrounding areas between August 25 and September 8.

The poll result found that slightly over half of all Thai families and individuals -- 50.4 percent -- had enough money to spend, but could barely manage to save anything.

Meanwhile, 31.4 percent said they could save a little and 18.2 percent said they were living in debt.

When the respondents were asked about why Thailand is now facing economic sluggishness, 36.4 percent of them said it was resulted by reason that the people do not save money while 20.3 percent blame rising inflation and 17.7 percent say it is resulted from corruption in the country.

(Xinhua)

[soundman]

I have been asking my electrician to come round to perform maintenance on all the lighting & plugs in my factory for nearly six weeks now. No show every day. Why haven't you came and fixed everything I ask. I have been so busy he replies......... Good economy? More work? Prices up due to demand & supply?

Not at all!

One year ago the guy was working with seven professionally qualified staff for a fairly fixed client base. Always busy.

Today the client base is exactly the same, however, he is working by himself with one labour (not qualified) position.

There is no new competition in the local market. All his clients are just putting unnesessary maintenance on hold.

At grass roots level, the economy is very near the lowest of lows experienced in 1998 / 1999.

Soundman.

[LaoPo]

I have been asking my electrician to come round to perform maintenance on all the lighting & plugs in my factory for nearly six weeks now. No show every day. Why haven't you came and fixed everything I ask. I have been so busy he replies......... Good economy? More work? Prices up due to demand & supply?

Not at all!

One year ago the guy was working with seven professionally qualified staff for a fairly fixed client base. Always busy.

Today the client base is exactly the same, however, he is working by himself with one labour (not qualified) position.

There is no new competition in the local market. All his clients are just putting unnesessary maintenance on hold.

At grass roots level, the economy is very near the lowest of lows experienced in 1998 / 1999.

Soundman.

That's odd Soundman...what happened with/to the other 'seven qualified staff' ?

Did he lay them off or was he sacked ? The story doesn't tell if he was the employer...

LaoPo

[soundman]

I have been asking my electrician to come round to perform maintenance on all the lighting & plugs in my factory for nearly six weeks now. No show every day. Why haven't you came and fixed everything I ask. I have been so busy he replies......... Good economy? More work? Prices up due to demand & supply?

Not at all!

One year ago the guy was working with seven professionally qualified staff for a fairly fixed client base. Always busy.

Today the client base is exactly the same, however, he is working by himself with one labour (not qualified) position.

There is no new competition in the local market. All his clients are just putting unnesessary maintenance on hold.

At grass roots level, the economy is very near the lowest of lows experienced in 1998 / 1999.

Soundman.

That's odd Soundman...what happened with/to the other 'seven qualified staff' ?

Did he lay them off or was he sacked ? The story doesn't tell if he was the employer...

LaoPo

Sorry! Should have been a little clearer

He was the employer.

Point being, sales (work) for him in a predominantly labour based business has shrunk about 70 - 80% in the last twelve months with no new competitors in his market.

Cheers.

[LaoPo]

I have been asking my electrician to come round to perform maintenance on all the lighting & plugs in my factory for nearly six weeks now. No show every day. Why haven't you came and fixed everything I ask. I have been so busy he replies......... Good economy? More work? Prices up due to demand & supply?

Not at all!

One year ago the guy was working with seven professionally qualified staff for a fairly fixed client base. Always busy.

Today the client base is exactly the same, however, he is working by himself with one labour (not qualified) position.

There is no new competition in the local market. All his clients are just putting unnesessary maintenance on hold.

At grass roots level, the economy is very near the lowest of lows experienced in 1998 / 1999.

Soundman.

That's odd Soundman...what happened with/to the other 'seven qualified staff' ?

Did he lay them off or was he sacked ? The story doesn't tell if he was the employer...

LaoPo

Sorry! Should have been a little clearer

He was the employer.

Point being, sales (work) for him in a predominantly labour based business has shrunk about 70 - 80% in the last twelve months with no new competitors in his market.

Cheers.

Thanks, much clearer now.

Isn't this a classical example of (pre) growth economy where small businesses grow out of the blue, simply because the demand is so big ?

Meaning, a good craftsman/specialist needs more and more staff and demand goes on and on, but the craftsman FORGETS about real 'sales', combined with promotion and after sales, finding new areas and customers.

Than...the market slows and he's too late to anticipate -OR diversify- since his present clients are putting their maintenance on hold and/or stop buying new products.

Sad for this chap.

LaoPo

[cclub75]

Point being, sales (work) for him in a predominantly labour based business has shrunk about 70 - 80% in the last twelve months with no new competitors in his market.

Very interesting.

I like those "grass root" stories (oh my good, I think I speak like a thai journalist now )

We shouldn't dismiss thoses (the stories). Often it gives another view on the big picture.

By the way, here are some infos and chart about something important... money : the government revenues... Interesting.

The collection (taxes, Revenue, Excises and Customs) continue to grow... But the pace is decreasing.

Edited September 9, 2007 by cclub75

[bingobongo]

nothing to see here move along................nothing like a little overbuilding there by diluting the revenue per hotel.....creating misery for all

Hotels feeling the squeeze

Occupancy rates fall as operators blame politics and currency

http://www.nationmultimedia.com/2007/09/06...ss_30047887.php

[VegasVic]

Opinion

That nationwide motorcycle sales from January to July of this year were down 16 per cent from the same period last year, as reported in the August 30 edition of Krungthep Turakij, will come as a surprise only to those in the business who felt the drop to be steeper.

if there is one thing that is too much is mottorbikes...

however the drop in motorbike sales is contrated by the very high increase in pickups. not passenger cars but pickups.

it seesm rural thailand is moving up from motorbikes to pickups.

What's laughable is most of the negative foreigner posters on here couldn't even afford to buy a motorbike here in the first place without breaking out into a cold sweat.

Maybe we can start a 'Falang Charity Shop' for all of the bitter foreigners who despise the idea of Thais having MUCH more money than them; owning new cars and pickups, owning large houses and condos etc.

I've never been in a country where the foreigner population contains so many drop-outs, bums, neer-do-wells and losers.

two of the most ignorant and arrogant posters continue to display their combined ignorance .............

pick up sales domestically have also declined ,

and Palms knowledge of the gender of the Governor of the BOT is legendary ...........................

Mid, I am happy to see you are familiar with one of my favorite books of all time "Zen and the art of motorcycle maitainence" it's kind of an underground classic here in the states among us boomers! It is likely that Palm is just projecting his current substandard situation in life on the rest of us, I figured Palm out long ago and don't even waste time responding to him any longer. It's actually kind of sad, the poor chaps constant mantra about "all those poor farang bums who are just scaping by in Thailand" (when in fact many of the posters he assails actually live very comfortable lives in the states or elseware) and his unwillingness to recognize the downturn in the Thai economy brought on primarily by the strong baht. There does seem to be a growing consensous that if the FED cuts the funds rate by 50-75 basis points by years end, that it will actually help the dollar to appreciate (and in turn will help the baht to weaken), which will hopefully help to moderate the downturn in the Thai economy. Lets hope that consensous is correct for the sake of the Thai people, and of course all those "drop-out, bum, neer-do-well and loser farangs" (I couldn't resist) I hope that Palms' life, or at least his outlook on life improves, as it must be very depressing to be so bitter all of the time!

[Steely Dan]

Opinion

That nationwide motorcycle sales from January to July of this year were down 16 per cent from the same period last year, as reported in the August 30 edition of Krungthep Turakij, will come as a surprise only to those in the business who felt the drop to be steeper.

if there is one thing that is too much is mottorbikes...

however the drop in motorbike sales is contrated by the very high increase in pickups. not passenger cars but pickups.

it seesm rural thailand is moving up from motorbikes to pickups.

What's laughable is most of the negative foreigner posters on here couldn't even afford to buy a motorbike here in the first place without breaking out into a cold sweat.

Maybe we can start a 'Falang Charity Shop' for all of the bitter foreigners who despise the idea of Thais having MUCH more money than them; owning new cars and pickups, owning large houses and condos etc.

I've never been in a country where the foreigner population contains so many drop-outs, bums, neer-do-wells and losers.

two of the most ignorant and arrogant posters continue to display their combined ignorance .............

pick up sales domestically have also declined ,

and Palms knowledge of the gender of the Governor of the BOT is legendary ...........................

Mid, I am happy to see you are familiar with one of my favorite books of all time "Zen and the art of motorcycle maitainence" it's kind of an underground classic here in the states among us boomers! It is likely that Palm is just projecting his current substandard situation in life on the rest of us, I figured Palm out long ago and don't even waste time responding to him any longer. It's actually kind of sad, the poor chaps constant mantra about "all those poor farang bums who are just scaping by in Thailand" (when in fact many of the posters he assails actually live very comfortable lives in the states or elseware) and his unwillingness to recognize the downturn in the Thai economy brought on primarily by the strong baht. There does seem to be a growing consensous that if the FED cuts the funds rate by 50-75 basis points by years end, that it will actually help the dollar to appreciate (and in turn will help the baht to weaken), which will hopefully help to moderate the downturn in the Thai economy. Lets hope that consensous is correct for the sake of the Thai people, and of course all those "drop-out, bum, neer-do-well and loser farangs" (I couldn't resist) I hope that Palms' life, or at least his outlook on life improves, as it must be very depressing to be so bitter all of the time!

After Palm's insistance a while back that there was 'no evidence' of hedge funds causing an asset bubble I wonder if he is ready to admit he was 100% wrong, or would that be out of character for him?

[Prakanong]

Opinion

That nationwide motorcycle sales from January to July of this year were down 16 per cent from the same period last year, as reported in the August 30 edition of Krungthep Turakij, will come as a surprise only to those in the business who felt the drop to be steeper.

if there is one thing that is too much is mottorbikes...

however the drop in motorbike sales is contrated by the very high increase in pickups. not passenger cars but pickups.

it seesm rural thailand is moving up from motorbikes to pickups.

What's laughable is most of the negative foreigner posters on here couldn't even afford to buy a motorbike here in the first place without breaking out into a cold sweat.

Maybe we can start a 'Falang Charity Shop' for all of the bitter foreigners who despise the idea of Thais having MUCH more money than them; owning new cars and pickups, owning large houses and condos etc.

I've never been in a country where the foreigner population contains so many drop-outs, bums, neer-do-wells and losers.

two of the most ignorant and arrogant posters continue to display their combined ignorance .............

pick up sales domestically have also declined ,

and Palms knowledge of the gender of the Governor of the BOT is legendary ...........................

Mid, I am happy to see you are familiar with one of my favorite books of all time "Zen and the art of motorcycle maitainence" it's kind of an underground classic here in the states among us boomers! It is likely that Palm is just projecting his current substandard situation in life on the rest of us, I figured Palm out long ago and don't even waste time responding to him any longer. It's actually kind of sad, the poor chaps constant mantra about "all those poor farang bums who are just scaping by in Thailand" (when in fact many of the posters he assails actually live very comfortable lives in the states or elseware) and his unwillingness to recognize the downturn in the Thai economy brought on primarily by the strong baht. There does seem to be a growing consensous that if the FED cuts the funds rate by 50-75 basis points by years end, that it will actually help the dollar to appreciate (and in turn will help the baht to weaken), which will hopefully help to moderate the downturn in the Thai economy. Lets hope that consensous is correct for the sake of the Thai people, and of course all those "drop-out, bum, neer-do-well and loser farangs" (I couldn't resist) I hope that Palms' life, or at least his outlook on life improves, as it must be very depressing to be so bitter all of the time!

After Palm's insistance a while back that there was 'no evidence' of hedge funds causing an asset bubble I wonder if he is ready to admit he was 100% wrong, or would that be out of character for him?

The man changes with the wind - one time he is talking about multiples of condo's he is buying now its down to two - <deleted>?

Thailand does attract them - he will be ex-SAS next with a line to the biggest diamond in the world but its a secret.

[VegasVic]

Opinion

That nationwide motorcycle sales from January to July of this year were down 16 per cent from the same period last year, as reported in the August 30 edition of Krungthep Turakij, will come as a surprise only to those in the business who felt the drop to be steeper.

if there is one thing that is too much is mottorbikes...

however the drop in motorbike sales is contrated by the very high increase in pickups. not passenger cars but pickups.

it seesm rural thailand is moving up from motorbikes to pickups.

What's laughable is most of the negative foreigner posters on here couldn't even afford to buy a motorbike here in the first place without breaking out into a cold sweat.

Maybe we can start a 'Falang Charity Shop' for all of the bitter foreigners who despise the idea of Thais having MUCH more money than them; owning new cars and pickups, owning large houses and condos etc.

I've never been in a country where the foreigner population contains so many drop-outs, bums, neer-do-wells and losers.

two of the most ignorant and arrogant posters continue to display their combined ignorance .............

pick up sales domestically have also declined ,

and Palms knowledge of the gender of the Governor of the BOT is legendary ...........................

Mid, I am happy to see you are familiar with one of my favorite books of all time "Zen and the art of motorcycle maitainence" it's kind of an underground classic here in the states among us boomers! It is likely that Palm is just projecting his current substandard situation in life on the rest of us, I figured Palm out long ago and don't even waste time responding to him any longer. It's actually kind of sad, the poor chaps constant mantra about "all those poor farang bums who are just scaping by in Thailand" (when in fact many of the posters he assails actually live very comfortable lives in the states or elseware) and his unwillingness to recognize the downturn in the Thai economy brought on primarily by the strong baht. There does seem to be a growing consensous that if the FED cuts the funds rate by 50-75 basis points by years end, that it will actually help the dollar to appreciate (and in turn will help the baht to weaken), which will hopefully help to moderate the downturn in the Thai economy. Lets hope that consensous is correct for the sake of the Thai people, and of course all those "drop-out, bum, neer-do-well and loser farangs" (I couldn't resist) I hope that Palms' life, or at least his outlook on life improves, as it must be very depressing to be so bitter all of the time!

After Palm's insistance a while back that there was 'no evidence' of hedge funds causing an asset bubble I wonder if he is ready to admit he was 100% wrong, or would that be out of character for him?

Out of character would be putting it mildly! I have seen people with serious drug, alchohol, and gambling addictions who lived in a less denial plagued world than the relm that Palm apparently resides in. It's really quite sad

[ray23]

OK guys question time my understanding is that if the Fed cuts rates the dollar will depreciate.

The baht will appreciate.

So what is it?

[highdiver]

Opinion

That nationwide motorcycle sales from January to July of this year were down 16 per cent from the same period last year, as reported in the August 30 edition of Krungthep Turakij, will come as a surprise only to those in the business who felt the drop to be steeper.

if there is one thing that is too much is mottorbikes...

however the drop in motorbike sales is contrated by the very high increase in pickups. not passenger cars but pickups.

it seesm rural thailand is moving up from motorbikes to pickups.

What's laughable is most of the negative foreigner posters on here couldn't even afford to buy a motorbike here in the first place without breaking out into a cold sweat.

Maybe we can start a 'Falang Charity Shop' for all of the bitter foreigners who despise the idea of Thais having MUCH more money than them; owning new cars and pickups, owning large houses and condos etc.

I've never been in a country where the foreigner population contains so many drop-outs, bums, neer-do-wells and losers.

two of the most ignorant and arrogant posters continue to display their combined ignorance .............

pick up sales domestically have also declined ,

and Palms knowledge of the gender of the Governor of the BOT is legendary ...........................

It's not what you say, it's the thought behind it that counts, and I know there's never any thought behind anything you say.

infact thoughts must bean unfamiliar territory for you.

People can't say that you have absolutely nothing! After all, you have inferiority! and a very big one judging by your posts.

it must be a realy sad life living in Samui with nothing better to do then sitting on your pc and posting one liners on every post on every thread..

[soundman]

Calm down man!

[highdiver]

Opinion

That nationwide motorcycle sales from January to July of this year were down 16 per cent from the same period last year, as reported in the August 30 edition of Krungthep Turakij, will come as a surprise only to those in the business who felt the drop to be steeper.

if there is one thing that is too much is mottorbikes...

however the drop in motorbike sales is contrated by the very high increase in pickups. not passenger cars but pickups.

it seesm rural thailand is moving up from motorbikes to pickups.

What's laughable is most of the negative foreigner posters on here couldn't even afford to buy a motorbike here in the first place without breaking out into a cold sweat.

Maybe we can start a 'Falang Charity Shop' for all of the bitter foreigners who despise the idea of Thais having MUCH more money than them; owning new cars and pickups, owning large houses and condos etc.

I've never been in a country where the foreigner population contains so many drop-outs, bums, neer-do-wells and losers.

two of the most ignorant and arrogant posters continue to display their combined ignorance .............

pick up sales domestically have also declined ,

and Palms knowledge of the gender of the Governor of the BOT is legendary ...........................

Mid, I am happy to see you are familiar with one of my favorite books of all time "Zen and the art of motorcycle maitainence" it's kind of an underground classic here in the states among us boomers! It is likely that Palm is just projecting his current substandard situation in life on the rest of us, I figured Palm out long ago and don't even waste time responding to him any longer. It's actually kind of sad, the poor chaps constant mantra about "all those poor farang bums who are just scaping by in Thailand" (when in fact many of the posters he assails actually live very comfortable lives in the states or elseware) and his unwillingness to recognize the downturn in the Thai economy brought on primarily by the strong baht. There does seem to be a growing consensous that if the FED cuts the funds rate by 50-75 basis points by years end, that it will actually help the dollar to appreciate (and in turn will help the baht to weaken), which will hopefully help to moderate the downturn in the Thai economy. Lets hope that consensous is correct for the sake of the Thai people, and of course all those "drop-out, bum, neer-do-well and loser farangs" (I couldn't resist) I hope that Palms' life, or at least his outlook on life improves, as it must be very depressing to be so bitter all of the time!

After Palm's insistance a while back that there was 'no evidence' of hedge funds causing an asset bubble I wonder if he is ready to admit he was 100% wrong, or would that be out of character for him?

Out of character would be putting it mildly! I have seen people with serious drug, alchohol, and gambling addictions who lived in a less denial plagued world than the relm that Palm apparently resides in. It's really quite sad

you are realy crossing the line here...

Shame on you.....

Palm is living in thailand has a business in thailand and sees economy in thailand on a daily basis.

please enlighten us why a 60+ guy that lives in Arizona has such an urge to be on a forum dedicated to thailand. what excatly is your intrest in Thailand? and why are you preaching thailand about economy when your own country is to blame for every financial crisis in the world.

Apart from being a baby boomer with grand kids in Vegas... live in some god forbiden hole in Arizona( now I am going to get the .. its a realy greta wonderfull rich place ... amercian blah blah..) and have nothing better to do when you are not on your golfing tours( yeh right.... ) then sharing with us your economical insight affected no doubtedly by the right wing political agenda that you are so proud of..

i love to debate you on economics .. I may not agree with you but it is a good debate. we even agreed on those same points regarding hedge funds.

but this low level of personal insults on some one that sees Thailand different then you. and he lives here you dont..

Joining Mid ... the constant one line poster who cant do any original or contributing thought apart from "cut and paste" as a desperate attempt to be a self proclaimed moderator if your aim is to ridicule those of us who are actually living in Thailand and do wish to exchange ideas and about Thailand then do us all a favour and go look at those Arizona sunsets and live us alone.

[palm]

Opinion

That nationwide motorcycle sales from January to July of this year were down 16 per cent from the same period last year, as reported in the August 30 edition of Krungthep Turakij, will come as a surprise only to those in the business who felt the drop to be steeper.

if there is one thing that is too much is mottorbikes...

however the drop in motorbike sales is contrated by the very high increase in pickups. not passenger cars but pickups.

it seesm rural thailand is moving up from motorbikes to pickups.

What's laughable is most of the negative foreigner posters on here couldn't even afford to buy a motorbike here in the first place without breaking out into a cold sweat.

Maybe we can start a 'Falang Charity Shop' for all of the bitter foreigners who despise the idea of Thais having MUCH more money than them; owning new cars and pickups, owning large houses and condos etc.

I've never been in a country where the foreigner population contains so many drop-outs, bums, neer-do-wells and losers.

two of the most ignorant and arrogant posters continue to display their combined ignorance .............

pick up sales domestically have also declined ,

and Palms knowledge of the gender of the Governor of the BOT is legendary ...........................

Mid, I am happy to see you are familiar with one of my favorite books of all time "Zen and the art of motorcycle maitainence" it's kind of an underground classic here in the states among us boomers! It is likely that Palm is just projecting his current substandard situation in life on the rest of us, I figured Palm out long ago and don't even waste time responding to him any longer. It's actually kind of sad, the poor chaps constant mantra about "all those poor farang bums who are just scaping by in Thailand" (when in fact many of the posters he assails actually live very comfortable lives in the states or elseware) and his unwillingness to recognize the downturn in the Thai economy brought on primarily by the strong baht. There does seem to be a growing consensous that if the FED cuts the funds rate by 50-75 basis points by years end, that it will actually help the dollar to appreciate (and in turn will help the baht to weaken), which will hopefully help to moderate the downturn in the Thai economy. Lets hope that consensous is correct for the sake of the Thai people, and of course all those "drop-out, bum, neer-do-well and loser farangs" (I couldn't resist) I hope that Palms' life, or at least his outlook on life improves, as it must be very depressing to be so bitter all of the time!

After Palm's insistance a while back that there was 'no evidence' of hedge funds causing an asset bubble I wonder if he is ready to admit he was 100% wrong, or would that be out of character for him?

The man changes with the wind - one time he is talking about multiples of condo's he is buying now its down to two - <deleted>?

Thailand does attract them - he will be ex-SAS next with a line to the biggest diamond in the world but its a secret.

Very odd people on TV. I've never said I was buying 'multiples of condos'. But if making things up makes you feel better, its amusing to read

I own 2 condos in Thailand, and purchased a third a few months ago at the Prime 11 in Suk 11. It will be finished in 18 months. Once all the payments are made in about 18 months time, I'll own 3 in Thailand.

What part didn't you understand?

I'm still waiting patiently for the huge downturn in prime condo prices. But since none of you whingers can actually afford to buy anything decent here anyway (Mid says he can't even scrape together 95,000 baht for PR!), I look forward to your great economic advice.

I'm not bitter at all in Thailand - I am having a GREAT time here in Thailand - funny reading how it upsets you all so much. Lots of cash, lots of free time, great restaurants, great travel around Asia, starting to play golf etc. Spending lots of time with great Thais; educated, considerate, honest, reliable, fun people. And a few foreigners who mostly run their own businesses (in Thailand and abroad).

Just because you get all upset when anyone points out your incomes are lower than checkout staff in supermarkets in the West, you have little immature tantrums like a bunch of schoolboys. It's easy to see why you are all so bitter about Thailand and the Thai people; your personal dreadful economic circumstances in Thailand show you for what you are; economic washouts.

Its great to see there is still life in the 'Bitter Falangs Personal Economies in Crisis' thread.

Edited September 10, 2007 by palm

[palm]

Opinion

That nationwide motorcycle sales from January to July of this year were down 16 per cent from the same period last year, as reported in the August 30 edition of Krungthep Turakij, will come as a surprise only to those in the business who felt the drop to be steeper.

if there is one thing that is too much is mottorbikes...

however the drop in motorbike sales is contrated by the very high increase in pickups. not passenger cars but pickups.

it seesm rural thailand is moving up from motorbikes to pickups.

What's laughable is most of the negative foreigner posters on here couldn't even afford to buy a motorbike here in the first place without breaking out into a cold sweat.

Maybe we can start a 'Falang Charity Shop' for all of the bitter foreigners who despise the idea of Thais having MUCH more money than them; owning new cars and pickups, owning large houses and condos etc.

I've never been in a country where the foreigner population contains so many drop-outs, bums, neer-do-wells and losers.

two of the most ignorant and arrogant posters continue to display their combined ignorance .............

pick up sales domestically have also declined ,

and Palms knowledge of the gender of the Governor of the BOT is legendary ...........................

Mid, I am happy to see you are familiar with one of my favorite books of all time "Zen and the art of motorcycle maitainence" it's kind of an underground classic here in the states among us boomers! It is likely that Palm is just projecting his current substandard situation in life on the rest of us, I figured Palm out long ago and don't even waste time responding to him any longer. It's actually kind of sad, the poor chaps constant mantra about "all those poor farang bums who are just scaping by in Thailand" (when in fact many of the posters he assails actually live very comfortable lives in the states or elseware) and his unwillingness to recognize the downturn in the Thai economy brought on primarily by the strong baht. There does seem to be a growing consensous that if the FED cuts the funds rate by 50-75 basis points by years end, that it will actually help the dollar to appreciate (and in turn will help the baht to weaken), which will hopefully help to moderate the downturn in the Thai economy. Lets hope that consensous is correct for the sake of the Thai people, and of course all those "drop-out, bum, neer-do-well and loser farangs" (I couldn't resist) I hope that Palms' life, or at least his outlook on life improves, as it must be very depressing to be so bitter all of the time!

After Palm's insistance a while back that there was 'no evidence' of hedge funds causing an asset bubble I wonder if he is ready to admit he was 100% wrong, or would that be out of character for him?

Lol, where did I ever say discuss Hedge Funds regarding 'asset bubbles'? I didn't. You made it up. lol.

Just show the real evidence of Hedge Funds being the cause for the appreciation of the Baht. Maybe you know something the BOT doesn't?

Edited September 10, 2007 by palm

[highdiver]

Opinion

That nationwide motorcycle sales from January to July of this year were down 16 per cent from the same period last year, as reported in the August 30 edition of Krungthep Turakij, will come as a surprise only to those in the business who felt the drop to be steeper.

if there is one thing that is too much is mottorbikes...

however the drop in motorbike sales is contrated by the very high increase in pickups. not passenger cars but pickups.

it seesm rural thailand is moving up from motorbikes to pickups.

What's laughable is most of the negative foreigner posters on here couldn't even afford to buy a motorbike here in the first place without breaking out into a cold sweat.

Maybe we can start a 'Falang Charity Shop' for all of the bitter foreigners who despise the idea of Thais having MUCH more money than them; owning new cars and pickups, owning large houses and condos etc.

I've never been in a country where the foreigner population contains so many drop-outs, bums, neer-do-wells and losers.

two of the most ignorant and arrogant posters continue to display their combined ignorance .............

pick up sales domestically have also declined ,

and Palms knowledge of the gender of the Governor of the BOT is legendary ...........................

Mid, I am happy to see you are familiar with one of my favorite books of all time "Zen and the art of motorcycle maitainence" it's kind of an underground classic here in the states among us boomers! It is likely that Palm is just projecting his current substandard situation in life on the rest of us, I figured Palm out long ago and don't even waste time responding to him any longer. It's actually kind of sad, the poor chaps constant mantra about "all those poor farang bums who are just scaping by in Thailand" (when in fact many of the posters he assails actually live very comfortable lives in the states or elseware) and his unwillingness to recognize the downturn in the Thai economy brought on primarily by the strong baht. There does seem to be a growing consensous that if the FED cuts the funds rate by 50-75 basis points by years end, that it will actually help the dollar to appreciate (and in turn will help the baht to weaken), which will hopefully help to moderate the downturn in the Thai economy. Lets hope that consensous is correct for the sake of the Thai people, and of course all those "drop-out, bum, neer-do-well and loser farangs" (I couldn't resist) I hope that Palms' life, or at least his outlook on life improves, as it must be very depressing to be so bitter all of the time!

After Palm's insistance a while back that there was 'no evidence' of hedge funds causing an asset bubble I wonder if he is ready to admit he was 100% wrong, or would that be out of character for him?

The man changes with the wind - one time he is talking about multiples of condo's he is buying now its down to two - <deleted>?

Thailand does attract them - he will be ex-SAS next with a line to the biggest diamond in the world but its a secret.

Very odd people on TV. I've never said I was buying 'multiples of condos'. But if making things up makes you feel better, its amusing to read

I own 2 condos in Thailand, and purchased a third a few months ago at the Prime 11 in Suk 11. It will be finished in 18 months. Once all the payments are made in about 18 months time, I'll own 3 in Thailand.

What part didn't you understand?

I'm still waiting patiently for the huge downturn in prime condo prices. But since none of you whingers can actually afford to buy anything decent here anyway (Mid says he can't even scrape together 95,000 baht for PR!), I look forward to your great economic advice.

I'm not bitter at all in Thailand - I am having a GREAT time here in Thailand - funny reading how it upsets you all so much. Lots of cash, lots of free time, great restaurants, great travel around Asia, starting to play golf etc. Spending lots of time with great Thais; educated, considerate, honest, reliable, fun people. And a few foreigners who mostly run their own businesses (in Thailand and abroad).

Just because you get all upset when anyone points out your incomes are lower than checkout staff in supermarkets in the West, you have little immature tantrums like a bunch of schoolboys. It's easy to see why you are all so bitter about Thailand and the Thai people; your personal dreadful economic circumstances in Thailand show you for what you are; economic washouts.

Its great to see there is still life in the 'Bitter Falangs Personal Economies in Crisis' thread.

totaly agree with you.

in this froum we have 3 types of posters

1.those who live in thailand and enjoy it. and see the prosperity and the opertuntiy as well as those investors that just cant stop pouring in.

2.those who live in thailand but see the economy developing but its bad for them thus they cant afford it any more..and they cant afford to buy a new condo or afford a permanant residency for 3000usd those possters are lovingly called the dooms day brigade that find every negetivre news to support the fact that they will not be abler to live here in the near future..

3. those that dont even live here but have some intrest and thus posting views from a far based on cut and paste posts

[soundman]

totaly agree with you.

in this froum we have 3 types of posters

1.those who live in thailand and enjoy it. and see the prosperity and the opertuntiy as well as those investors that just cant stop pouring in.

2.those who live in thailand but see the economy developing but its bad for them thus they cant afford it any more..and they cant afford to buy a new condo or afford a permanant residency for 3000usd those possters are lovingly called the dooms day brigade that find every negetivre news to support the fact that they will not be abler to live here in the near future..

3. those that dont even live here but have some intrest and thus posting views from a far based on cut and paste posts

4. Those that live here & make their money in Thai Baht in SME type businesses & don't rely on outside income.

The state of the Thai economy being up or down is very important to our minority group. We are the ones who aren't afraid to back up our words with actions.

So don't stuff this thread up with all your squabling....

Soundman.

Edited September 10, 2007 by soundman

[bingobongo]

Opinion

That nationwide motorcycle sales from January to July of this year were down 16 per cent from the same period last year, as reported in the August 30 edition of Krungthep Turakij, will come as a surprise only to those in the business who felt the drop to be steeper.

if there is one thing that is too much is mottorbikes...

however the drop in motorbike sales is contrated by the very high increase in pickups. not passenger cars but pickups.

it seesm rural thailand is moving up from motorbikes to pickups.

What's laughable is most of the negative foreigner posters on here couldn't even afford to buy a motorbike here in the first place without breaking out into a cold sweat.

Maybe we can start a 'Falang Charity Shop' for all of the bitter foreigners who despise the idea of Thais having MUCH more money than them; owning new cars and pickups, owning large houses and condos etc.

I've never been in a country where the foreigner population contains so many drop-outs, bums, neer-do-wells and losers.

two of the most ignorant and arrogant posters continue to display their combined ignorance .............

pick up sales domestically have also declined ,

and Palms knowledge of the gender of the Governor of the BOT is legendary ...........................

Mid, I am happy to see you are familiar with one of my favorite books of all time "Zen and the art of motorcycle maitainence" it's kind of an underground classic here in the states among us boomers! It is likely that Palm is just projecting his current substandard situation in life on the rest of us, I figured Palm out long ago and don't even waste time responding to him any longer. It's actually kind of sad, the poor chaps constant mantra about "all those poor farang bums who are just scaping by in Thailand" (when in fact many of the posters he assails actually live very comfortable lives in the states or elseware) and his unwillingness to recognize the downturn in the Thai economy brought on primarily by the strong baht. There does seem to be a growing consensous that if the FED cuts the funds rate by 50-75 basis points by years end, that it will actually help the dollar to appreciate (and in turn will help the baht to weaken), which will hopefully help to moderate the downturn in the Thai economy. Lets hope that consensous is correct for the sake of the Thai people, and of course all those "drop-out, bum, neer-do-well and loser farangs" (I couldn't resist) I hope that Palms' life, or at least his outlook on life improves, as it must be very depressing to be so bitter all of the time!

After Palm's insistance a while back that there was 'no evidence' of hedge funds causing an asset bubble I wonder if he is ready to admit he was 100% wrong, or would that be out of character for him?

The man changes with the wind - one time he is talking about multiples of condo's he is buying now its down to two - <deleted>?

Thailand does attract them - he will be ex-SAS next with a line to the biggest diamond in the world but its a secret.

Very odd people on TV. I've never said I was buying 'multiples of condos'. But if making things up makes you feel better, its amusing to read

I own 2 condos in Thailand, and purchased a third a few months ago at the Prime 11 in Suk 11. It will be finished in 18 months. Once all the payments are made in about 18 months time, I'll own 3 in Thailand.

What part didn't you understand?

I'm still waiting patiently for the huge downturn in prime condo prices. But since none of you whingers can actually afford to buy anything decent here anyway (Mid says he can't even scrape together 95,000 baht for PR!), I look forward to your great economic advice.

I'm not bitter at all in Thailand - I am having a GREAT time here in Thailand - funny reading how it upsets you all so much. Lots of cash, lots of free time, great restaurants, great travel around Asia, starting to play golf etc. Spending lots of time with great Thais; educated, considerate, honest, reliable, fun people. And a few foreigners who mostly run their own businesses (in Thailand and abroad).

Just because you get all upset when anyone points out your incomes are lower than checkout staff in supermarkets in the West, you have little immature tantrums like a bunch of schoolboys. It's easy to see why you are all so bitter about Thailand and the Thai people; your personal dreadful economic circumstances in Thailand show you for what you are; economic washouts.

Its great to see there is still life in the 'Bitter Falangs Personal Economies in Crisis' thread.

totaly agree with you.

in this froum we have 3 types of posters

1.those who live in thailand and enjoy it. and see the prosperity and the opertuntiy as well as those investors that just cant stop pouring in.

2.those who live in thailand but see the economy developing but its bad for them thus they cant afford it any more..and they cant afford to buy a new condo or afford a permanant residency for 3000usd those possters are lovingly called the dooms day brigade that find every negetivre news to support the fact that they will not be abler to live here in the near future..

3. those that dont even live here but have some intrest and thus posting views from a far based on cut and paste posts

thanks highdiver for the jab, but in reference to point 3, i find my cutting and pasting much more informative than your lollipops rhetoric, and some of us like to live in reality and call like it like we see it, besides i enjoy working in the first world, i find it more stimulating than living in a third world junta that is disintegrating politically and socially (i prefer to earn 6 figures yearly in western currency than 7 figures yearly in baht)

i would like to add a #4 post to your list, those who leave the west becasue they could not cut it and live in denial.......sort of like a midlife crisis i suppose

[highdiver]

totaly agree with you.

in this froum we have 3 types of posters

1.those who live in thailand and enjoy it. and see the prosperity and the opertuntiy as well as those investors that just cant stop pouring in.

2.those who live in thailand but see the economy developing but its bad for them thus they cant afford it any more..and they cant afford to buy a new condo or afford a permanant residency for 3000usd those possters are lovingly called the dooms day brigade that find every negetivre news to support the fact that they will not be abler to live here in the near future..

3. those that dont even live here but have some intrest and thus posting views from a far based on cut and paste posts

4. Those that live here & make their money in Thai Baht in SME type businesses & don't rely on outside income.

The state of the Thai economy being up or down is very important to our minority group. We are the ones who aren't afraid to back up our words with actions.

So don't stuff this thread up with all your squabling....

Soundman.

you are absolutely right...

those who live here and rely on icome from SME should do the obvious and do a proper business plan..

just because you have a great idea for a business does not make t a great business...

if you come live in thailand and open shop in the one thing you know how to do then dont be surprised that your business is not doing well..specially when no one is realy interested in what you are selling.

it is amazing to see how many new business man have come here to open up a shop that no one realy needs without doing a proper market reserch. and then blame the economy and Thaoland because the cant sucseed.

most of the squabling on this and nearly every economy forum comes from those who just cant make it thailand.

[palm]

thanks highdiver for the jab, but in reference to point 3, i find my cutting and pasting much more informative than your lollipops rhetoric, and some of us like to live in reality and call like it like we see it, besides i enjoy working in the first world, i find it more stimulating than living in a third world junta that is disintegrating politically and socially (i prefer to earn 6 figures yearly in western currency than 7 figures yearly in baht)

i would like to add a #4 post to your list, those who leave the west becasue they could not cut it and live in denial.......sort of like a midlife crisis i suppose

So which glorious country do you live in bingobongo?

Why do you feel you have to live in a first world country to earn a 6 figure western income?

It sounds like you have real issues with Thailand. Did they throw you out or something?

[highdiver]

thanks highdiver for the jab, but in reference to point 3, i find my cutting and pasting much more informative than your lollipops rhetoric, and some of us like to live in reality and call like it like we see it, besides i enjoy working in the first world, i find it more stimulating than living in a third world junta that is disintegrating politically and socially (i prefer to earn 6 figures yearly in western currency than 7 figures yearly in baht)

i would like to add a #4 post to your list, those who leave the west becasue they could not cut it and live in denial.......sort of like a midlife crisis i suppose

So which glorious country do you live in bingobongo?

Why do you feel you have to live in a first world country to earn a 6 figure western income?

It sounds like you have real issues with Thailand. Did they throw you out or something?

can you belive this??? he doe not even live here???

all those posts on all those threads and he does not live here....

talk about an identity crisis ..

wait till thaigoon sees this...

sitting in the west with a 6 figure income and nothing better to do then spend endless hours serching for every negetive post on thailand to post in TV when he does not live here.... yes right

looks like the whole dooms brigade is not living in thailand...

Edited September 10, 2007 by highdiver

[soundman]

totaly agree with you.

in this froum we have 3 types of posters

1.those who live in thailand and enjoy it. and see the prosperity and the opertuntiy as well as those investors that just cant stop pouring in.

2.those who live in thailand but see the economy developing but its bad for them thus they cant afford it any more..and they cant afford to buy a new condo or afford a permanant residency for 3000usd those possters are lovingly called the dooms day brigade that find every negetivre news to support the fact that they will not be abler to live here in the near future..

3. those that dont even live here but have some intrest and thus posting views from a far based on cut and paste posts

4. Those that live here & make their money in Thai Baht in SME type businesses & don't rely on outside income.

The state of the Thai economy being up or down is very important to our minority group. We are the ones who aren't afraid to back up our words with actions.

So don't stuff this thread up with all your squabling....

Soundman.

you are absolutely right...

those who live here and rely on icome from SME should do the obvious and do a proper business plan..

just because you have a great idea for a business does not make t a great business...

if you come live in thailand and open shop in the one thing you know how to do then dont be surprised that your business is not doing well..specially when no one is realy interested in what you are selling.

it is amazing to see how many new business man have come here to open up a shop that no one realy needs without doing a proper market reserch. and then blame the economy and Thaoland because the cant sucseed.

most of the squabling on this and nearly every economy forum comes from those who just cant make it thailand.

Well I do see a few farangs whom you have categorised above, however they tend to come & go.

From my point of view, those who are here to stay & doing OK, we don't like to blame the economy for any shortcomings, only ourselves for not being far sighted enough when things go pear shaped. In simple words - the buck stops with us.

Internet discussions can lead to a wealth of information. In a thread like this you have a number of participants sharing different news resources which individualy none of us could cover.

Being a SME type businessman, staying informed in a country with a foreign language is at a premium when I have to make decisions that will affect the longevity & profitability of my business. Fair enough, there is a lot of BS here, however, there is many articles & commentary that are news & good food for thought.

So unless you & others want this thread "moderated" out of exhistence, I suggest that everybody stops playing one upsmanship type games & gets on with business.

You live in Samui? What do you do? Is it working out? How do you find the current economic climate in Thailand in relation to what you do? Good or bad?

Soundman.

[lazeeboy]

definatly a crisis. in thailand...

my tourist based business is down 30% from last year ,and im sure nearly all other are too..........

[highdiver]

Well I do see a few farangs whom you have categorised above, however they tend to come & go.

From my point of view, those who are here to stay & doing OK, we don't like to blame the economy for any shortcomings, only ourselves for not being far sighted enough when things go pear shaped. In simple words - the buck stops with us.

Internet discussions can lead to a wealth of information. In a thread like this you have a number of participants sharing different news resources which individualy none of us could cover.

Being a SME type businessman, staying informed in a country with a foreign language is at a premium when I have to make decisions that will affect the longevity & profitability of my business. Fair enough, there is a lot of BS here, however, there is many articles & commentary that are news & good food for thought.

So unless you & others want this thread "moderated" out of exhistence, I suggest that everybody stops playing one upsmanship type games & gets on with business.

You live in Samui? What do you do? Is it working out? How do you find the current economic climate in Thailand in relation to what you do? Good or bad?

Soundman.

thank you for bringing this back on treck.

i agree with you that most of those that come and go are the ones that are probably complaining once they lost out.

I live in samui but I dont realy work any more. I am invested through the BOI in agriculture mainly in rubber plantations using a modern planting and harvesting methods to increase yield. I am also invested through the BOI in several hight tech projects. on a personal level I have invested in a few businesses in samui mainly with local partners and business is booming.

by the way in your line of sound there is one company here called AVID (sound and video)that is doing so well its recruiting more an more people all the time.

I bellive that thailand is moving forward and that regardless of those posts originating from those who are not here there is a sense of development and investment. I frequently meet investors and they all are confident that there is a huge potential in thailand.

[highdiver]

definatly a crisis. in thailand...

my tourist based business is down 30% from last year ,and im sure nearly all other are too..........

What is your business? a hotel ? a service? where is located and how much competiton are you facing?

[A_Traveller]

No I am not American... however as of next week I am Thai. my citizenship application has been accepted.

How did this go, didn't see any Citizenships posited in the Gazette, did I miss it?

Regards