bingobongo Posted July 29, 2008 Share Posted July 29, 2008 (edited) so much for controlling inflation, so 10% to 15% inflation by end of year anyone? strap in folks...... New Thai central bank board raises policy doubts "The new board members seem to have less monetary knowledge than their predecessors," he said. http://www.reuters.com/article/managementI...ndChannel=10179 Edited July 29, 2008 by bingobongo Link to comment Share on other sites More sharing options...
LaoPo Posted July 29, 2008 Share Posted July 29, 2008 It's a bad sign if a(ny) Government is intervening with (a) Central Bank's' decisions..very bad. A Central Bank should act independently from a Government. LaoPo Link to comment Share on other sites More sharing options...
bingobongo Posted July 31, 2008 Author Share Posted July 31, 2008 (edited) it will soon be time to short the baht........hold on to your som tham Naam Credibility crisis at the BoT ......raised substantially the risk of a run on the Thai currency, which despite Thailand's rich store of foreign reserves has recently come under heavy foreign selling pressure. Thai inflation hit 8.9% in June, the highest rate in over a decade. Foreign-currency traders are on the look-out for policy mismatches to exploit and several have tuned into Thailand's out-of-whack real interest rates, which apart from the Philippines are Asia's highest at a negative 5.4%. http://www.atimes.com/atimes/Southeast_Asia/JH01Ae02.html Edited July 31, 2008 by bingobongo Link to comment Share on other sites More sharing options...
bingobongo Posted August 4, 2008 Author Share Posted August 4, 2008 it sill soon be time to make money..............wait for the incomptence to be fully engrained UPDATE 1-Thai PM adviser raises more cbank doubts "We aren't seeing good governance, not even in the monetary and fiscal policy-making circles in this government," he said. Facing mounting street protests, a spate of lawsuits and dwindling support, Samak is loathe to do anything that could hurt growth and fuel more discontent. http://in.reuters.com/article/asiaCompanyA...430316420080804 Link to comment Share on other sites More sharing options...
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