Thailand Prepares for Bold Rate Cuts to Spur Economic Recovery

[FlorC]

12 hours ago, Sir Dude said:

Only thing to do is to do debt cancellation and the government absords it... but ban those that use the service from borrowing again. Give them a clear slate, but don't let them do the same BS again.

No certainly not ! 

[stupidfarang]

12 hours ago, Sir Dude said:

Only thing to do is to do debt cancellation and the government absords it... but ban those that use the service from borrowing again. Give them a clear slate, but don't let them do the same BS again.

they will borrow from the sharks. In the documentary a person was in debt, struggle to survive but still kept the new pickup. Why not sell the truck lower the debt.

[BangkokReady]

3 hours ago, FlorC said:

No certainly not ! 

 

Why not?

[ericbj]

On 3/22/2025 at 12:10 PM, Albaby said:

All my investments are in AUD. I'm drooling at the prospect of a return to the good old days of  32 to1.

Not too late to buy gold.

[ericbj]

There is a gross misconception that by increasing credit by lowering interest rates you will increase consumption and therefore boost the economy.

 

Yes, it can work in the short term to bolster the CONSUMPTIVE economy.  A mirage.

 

The resultant inflation gives the spin-doctors the satisfaction of claiming a rise in GDP (which is not corrected for inflation)

 

Unless credit is channelled into greatly stimulating the PRODUCTIVE economy, all you do is kick the can down the road and end up with an even worse indebtedness.

 

Live for today and pay tomorrow!

[FlorC]

On 3/24/2025 at 12:29 PM, BangkokReady said:

 

Why not?

Stupid people get into debt and we/government should bail them out ?? F no.

You pay for your own mistakes.

[stupidfarang]

And now the car industry wants the goverment to help with making things easier for people to buy a car, so more debt for the people? 

[BangkokReady]

28 minutes ago, FlorC said:

Stupid people get into debt and we/government should bail them out ?? F no.

You pay for your own mistakes.

 

What about banning from getting in debt in the future?