Top Thai Banker Warns Of Severe Impact From Global Economic Crisis

[dumball]

Good point, but as a born-again optimist, I believe there are still some potential visitors-to-Thailand out there, and would like to see the BoT encouraging them.

Our House is booked out, for the coming season!

It might be a poor performing 2009 all together, but I dare to make predictions.

Compared to pre-Euro times the Baht is still weak and Thailand cheap, the US$ ratio to the Baht is 33 = 1 US$, pre 1997/8 it was 24=1US$ so I dont get the hype!

Maybe there is still people out there who think there is a free lunch out there somewhere!

Besides things can be "talked down", it's the "fear factor" people talking about.

That people, especially in England have made some breathtaking money on real estate, that the Pound reached 70 Baht in Exchange rates is forgotten!

Economies worldwide are facing cycles, after red hot it tends, to go lukewarm, to ice cold.... there is no continuing genuine growth and for sure no everlasting Boom!

It's simple as that!

Concerning 1 mil. unemployed, and the closure of Chinese toy factories, it these "surplus" industries, if economies facing a boom time people have extra spending power to spend on cheap stuff, that is what they have been churning out and the tidal wave they have been riding on, has brought them on to dry grounds.

Forgotten when cheap Chinese knitwear was swamping the European and us markets and threatening the industries in those countries?

I am NOT an Economist, but think that things will adjust itself, always did.

And in the land of (not so many) smiles , it will be a hard and not understood by so many , they have had their head in the sand far too long , cut the difficulties with visas etc and see an immediate improvement , one cannot put so much impediment on prospective investment and expect no retaliation in no shows .