Economy Thai Citizens Demand Government Action as Inflation Skyrockets

[FruitPudding]

7 hours ago, steven100 said:

  the rich get richer by the day ...     

 

 

 

 

Good, they invest their money, they get richer. They deserve their returns.

 

The key is to invest in businesses with pricing power. I imagine the bars are suffering; no pricing power in beer. 

 

The poor get into debt to look richer. 

[steven100]

1 hour ago, FruitPudding said:

 

Good, they invest their money, they get richer. They deserve their returns.

 

The key is to invest in businesses with pricing power. I imagine the bars are suffering; no pricing power in beer. 

 

The poor get into debt to look richer. 

I see you missed the point ....       

[atpeace]

20 hours ago, thesetat said:

In Thailand, the average household debt has reached a record high of 606,378 baht, up 8.4% from the previous year. This increase is primarily driven by rising living costs and slower economic growth. The average monthly debt payment is 18,787 baht, with a delinquency rate of 71.6%. So they are happy until payments are unable to be made and then they just default. 

Was that a typo - 71.6% delinquency?  7.16% seems possible.   The world just seems to add unfathomable  debt with no real consequences since the financial crisis.  I have given up trying to forecast the repercussions after being wrong for years.

[thesetat]

1 minute ago, atpeace said:

Was that a typo - 71.6% delinquency?  7.16% seems possible.   The world just seems to add unfathomable  debt with no real consequences since the financial crisis.  I have given up trying to forecast the repercussions after being wrong for years.

Straight from google AI, So don't think it was typo