Thai baht instability rises due to political unrest

[metisdead]

An off topic post contravening our Community Standards has been removed.

[Gknrd]

A little more unrest and I will be heading back to big T to take advantage of the rate.... wop, wop.   

Nothing like a little Thai unrest for a great vacation.

Bad thing is China's economy will be dragging down the Asian market for years to come. Kinda curious how Thailand is going to fair. 

Edited August 19, 2023 by Gknrd

[Mavideol]

On 8/18/2023 at 1:59 PM, RafPinto said:

Thai economy, especially tourism and real estate is heavily depending from China.

Be prepared, it will suffer heavily.
Chinese economy struggling heavily.

Evergrande and now Country Garden under water.

Growth of economy very slow.
Un-employment very high.

Thailand relies heavily on Chinese visitors and real estate buyers.
They won't come.

China will soon limit financial transactions.

You wanted the Chinese and now you get what you desired.

Russia as well: forget about the Russians. Rouble sinking like a stone.
Probably BOT increasing interest rate another 25 basis points but economy already struggling.

Banks are tightening their criterias. Business and private loans heavily limited.

 

Buckle up.

correct, overinflated market, Chinese people didn't know how to deal with so much "easy" money coming into their hands.... eventually every bubble sooner or later will burst, it's time for the Chinese one