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90
I’ve backpacked through Southpark Asia for years… now i feel quietly pushed out
Exactly. Wealth can only come wihtin -
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China tells airlines to suspend Boeing jet deliveries
You may well be right. On the other hand, this is an unusual situation. We're not in normal times. Trump is the elected President of the USA. Whatever else he thinks, he seems to have it in for China. If he folds on this, he might as well pack his bags and go back to Mar-a-Lago. His presidency would be. over and I'm sure Florida has nice golf courses. No need to worry about the pesky economy for a while. As for Jaime Dimon? I'm sure he'd like to believe he has a crystal ball, but does he? As I've said, these aren't normal times and no one really knows how long it will take for the situation to turn into a "full-blown disaster." I do think, though, that we're all about to find out unless China folds. As for China's ability to "wait"? To be sure, Xi may think he has all the time in the world, but perhaps he doesn't. With all the propaganda flying around posing as "news," it's hard to know what's really happening in China. From what I see, their currency is at a low it hasn't seen in decades, their real estate market has collapsed, real estate lenders in China have been taken over by the government or are on life support, the Chinese middle class is suffering, businesses are shuttered, and once thriving cities are apparently now ghost towns. China, too, has the possibility of an economic collapse to contend with. In my mind, it boils down to the Fed's lasting power. Can they hold the bond market together, and for how long? Nobody knows the answer to that question, not even Jaime Dimon. -
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Pickup Truck Ploughs Through Songkran Revellers, Injuring Nearly 20, Driver Beaten by Mob
thats great. you want a gold star ? -
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I’ve backpacked through Southpark Asia for years… now i feel quietly pushed out
The biggest reason lies in the level of education. Even though Thailand has attained economic growth in the past decades, they are in the state of Middle Income Trap; unable to create Value Added exports, by the absence of the system that makes it possible. One common phenomenon in this world. Technologically advanced nations are often located in the area of cooler/colder climate. They are always needed to prepare for the cold harsh winter. That is the one big driving force behind their development. But different story in the tropical region, hot year around and easier access to the food, didn't urge them it. Simply because they didn't need constant innovation/improvement of the way they do things.
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