Naam Posted February 23, 2012 Share Posted February 23, 2012 no comments from the resident forex experts? Link to comment Share on other sites More sharing options...
MAN2SIN2BKK Posted February 23, 2012 Share Posted February 23, 2012 <deleted> is going on now? The rate creeps up to 31.98 4 weeks ago and now it is plunging back below 30.45, crazy! Link to comment Share on other sites More sharing options...
ThaiPauly Posted February 23, 2012 Share Posted February 23, 2012 Obviously its just as bad for the Pound. I sure would like to know why? Link to comment Share on other sites More sharing options...
Naam Posted February 23, 2012 Author Share Posted February 23, 2012 weak USD EUR but stable EUR THB. a bit strange! Link to comment Share on other sites More sharing options...
churchill Posted February 23, 2012 Share Posted February 23, 2012 Didn't you read the Financial crisis Thread .. 'China to the rescue ' 'Euro sorted ... Attention USD .. ' 'The rise of a new global power, Euroland.... ' Check the Gold thread ' what we are seeing is a weak USD and Gold adjusting.' ie Gold Up as central Banks print more paper ... Link to comment Share on other sites More sharing options...
CharlieH Posted February 23, 2012 Share Posted February 23, 2012 (edited) Obviously its just as bad for the Pound. I sure would like to know why? ##Nearly a full baht drop in 2 days ....crazy !!...what triggered that ? Edited February 23, 2012 by CharlieH Link to comment Share on other sites More sharing options...
MAN2SIN2BKK Posted February 23, 2012 Share Posted February 23, 2012 Obviously its just as bad for the Pound. I sure would like to know why? ##Nearly a full baht drop in 2 days ....crazy !!...what triggered that ? probably currency speculating leeches with nothing better to do Link to comment Share on other sites More sharing options...
ExpatOilWorker Posted February 23, 2012 Share Posted February 23, 2012 I will take up the challenge and play FOREX expert for 2 min. The stronger Baht mirror a weaker Yen. Hence the Japanese trade deficit is making traders looking for alternative markets around the region. Just my 2 bahts worth. Link to comment Share on other sites More sharing options...
12DrinkMore Posted February 23, 2012 Share Posted February 23, 2012 http://www.bloomberg.com/news/2012-02-22/thailand-proving-best-after-china-among-global-emerging-markets.html Link to comment Share on other sites More sharing options...
Huayrat Posted February 23, 2012 Share Posted February 23, 2012 http://www.bloomberg...ng-markets.html So basically he is lying when he says we will never let the flooding happen again, yet it could happen again this year easily.... BS Link to comment Share on other sites More sharing options...
flying Posted February 23, 2012 Share Posted February 23, 2012 Not to worry it is just because I am considering a good sized USD to THB convert I am sure after I am waxed it will return to its former glory Link to comment Share on other sites More sharing options...
Naam Posted February 23, 2012 Author Share Posted February 23, 2012 I will take up the challenge and play FOREX expert for 2 min. The stronger Baht mirror a weaker Yen. Hence the Japanese trade deficit is making traders looking for alternative markets around the region. Just my 2 bahts worth. your 2 minutes are over Link to comment Share on other sites More sharing options...
Naam Posted February 23, 2012 Author Share Posted February 23, 2012 Obviously its just as bad for the Pound. I sure would like to know why? ##Nearly a full baht drop in 2 days ....crazy !!...what triggered that ? probably currency speculating leeches with nothing better to do Thai Baht is a rather restricted currency onshore and offshore. short term high volume speculation is virtually impossible. Link to comment Share on other sites More sharing options...
ExpatOilWorker Posted February 23, 2012 Share Posted February 23, 2012 I will take up the challenge and play FOREX expert for 2 min. The stronger Baht mirror a weaker Yen. Hence the Japanese trade deficit is making traders looking for alternative markets around the region. Just my 2 bahts worth. your 2 minutes are over Nope, I still got 1 min left. It is natural for a currency to get stronger after a major natural disaster. Insurance companies sell overseas assets to cover their domestic commitment. The Yen also got stronger after the tsunami. Link to comment Share on other sites More sharing options...
Naam Posted February 24, 2012 Author Share Posted February 24, 2012 I will take up the challenge and play FOREX expert for 2 min. The stronger Baht mirror a weaker Yen. Hence the Japanese trade deficit is making traders looking for alternative markets around the region. Just my 2 bahts worth. your 2 minutes are over Nope, I still got 1 min left. It is natural for a currency to get stronger after a major natural disaster. Insurance companies sell overseas assets to cover their domestic commitment. The Yen also got stronger after the tsunami. conclusion: since a few days Thai insurance companies are selling their overseas assets? Link to comment Share on other sites More sharing options...
BigRick Posted February 24, 2012 Share Posted February 24, 2012 Unstable political situation in the US has an effect on the US dollar. It was like when Obama attended the G seven summit the dollar tanked every time he opened his mouth. Sadly as a US citizen we have had a bad couple of years with really crappy politicians. Here this snippet from my FB explains it better. -By Charlie Reese Politicians are the only people in the world who create problems and then campaign against them. Have you ever wondered, if both the Democrats and the Republicans are against deficits, WHY do we have deficits? Have you ever wondered, if all the politicians are against inflation and high taxes, WHY do we have inflation and high taxes? You and I don't propose a federal budget. The President does. You and I don't have the Constitutional authority to vote on appropriations. The House of Representatives does. You and I don't write the tax code, Congress does. You and I don't set fiscal policy, Congress does. You and I don't control monetary policy, the Federal Reserve Bank does. One hundred senators, 435 congressmen, one President, and nine Supreme Court justices equates to 545 human beings out of the 300 million are directly, legally, morally, and individually responsible for the domestic problems that plague this country. I excluded the members of the Federal Reserve Board because that problem was created by the Congress. In 1913, Congress delegated its Constitutional duty to provide a sound currency to a federally chartered, but private, central bank. I excluded all the special interests and lobbyists for a sound reason. They have no legal authority. They have no ability to coerce a senator, a congressman, or a President to do one cotton-picking thing. I don't care if they offer a politician $1 million dollars in cash. The politician has the power to accept or reject it. No matter what the lobbyist promises, it is the legislator's responsibility to determine how he votes. Those 545 human beings spend much of their energy convincing you that what they did is not their fault. They cooperate in this common con regardless of party. What separates a politician from a normal human being is an excessive amount of gall. No normal human being would have the gall of a Speaker, who stood up and criticized the President for creating deficits. The President can only propose a budget. He cannot force the Congress to accept it. The Constitution, which is the supreme law of the land, gives sole responsibility to the House of Representatives for originating and approving appropriations and taxes. Who is the speaker of the House now ? He is the leader of the majority party. He and fellow House members, not the President, can approve any budget they want. If the President vetoes it, they can pass it over his veto if they agree to. It seems inconceivable to me that a nation of 300 million cannot replace 545 people who stand convicted -- by present facts -- of incompetence and irresponsibility. I can't think of a single domestic problem that is not traceable directly to those 545 people. When you fully grasp the plain truth that 545 people exercise the power of the federal government, then it must follow that what exists is what they want to exist If the tax code is unfair, it's because they want it unfair. If the budget is in the red, it's because they want it in the red. If the Army & Marines are in Iraq and Afghanistan it's because they want them in Iraq and Afghanistan ... If they do not receive social security but are on an elite retirement plan not available to the people, it's because they want it that way. There are no insoluble government problems. Do not let these 545 people shift the blame to bureaucrats, whom they hire and whose jobs they can abolish; to lobbyists, whose gifts and advice they can reject; to regulators, to whom they give the power to regulate and from whom they can take this power. Above all, do not let them con you into the belief that there exists disembodied mystical forces like "the economy," "inflation," or "politics" that prevent them from doing what they take an oath to do. Those 545 people, and they alone, are responsible. They, and they alone, have the power. They, and they alone, should be held accountable by the people who are their bosses. Provided the voters have the gumption to manage their own employees... We should vote all of them out of office and clean up their mess! What you do with this article now that you have read it... is up to you. This might be funny if it weren't so true. Be sure to read all the way to the end: Accounts Receivable Tax Building Permit Tax CDL license Tax Cigarette Tax Corporate Income Tax Dog License Tax Excise Taxes Federal Income Tax Federal Unemployment Tax (FUTA) Fishing License Tax Food License Tax Fuel Permit Tax Gasoline Tax (currently 44.75 cents per gallon) Gross Receipts Tax Hunting License Tax Inheritance Tax Inventory Tax IRS Interest Charges IRS Penalties (tax on top of tax) Liquor Tax Luxury Taxes Marriage License Tax Medicare Tax Personal Property Tax Property Tax Real Estate Tax Service Charge Tax Social Security Tax Road Usage Tax Recreational Vehicle Tax Sales Tax School Tax State Income Tax State Unemployment Tax (SUTA) Telephone Federal Excise Tax Telephone Federal Universal Service Fee Tax Telephone Federal, State and Local Surcharge Taxes Telephone Minimum Usage Surcharge Tax Telephone Recurring and Nonrecurring Charges Tax Telephone State and Local Tax Telephone Usage Charge Tax Utility Taxes Vehicle License Registration Tax Vehicle Sales Tax Watercraft Registration Tax Well Permit Tax Workers Compensation Tax STILL THINK THIS IS FUNNY? Not one of these taxes existed 100 years ago, & our nation was the most prosperous in the world. We had absolutely no national debt, had the largest middle class in the world, and Mom , if agreed, stayed home to raise the kids. What in the heck happened? Can you spell 'politicians?' 1 Link to comment Share on other sites More sharing options...
flying Posted February 24, 2012 Share Posted February 24, 2012 (edited) STILL THINK THIS IS FUNNY? Not one of these taxes existed 100 years ago, & our nation was the most prosperous in the world. We had absolutely no national debt, had the largest middle class in the world, and Mom , if agreed, stayed home to raise the kids. What in the heck happened? Can you spell 'politicians?' Pretty disgusting isn't it? Edited February 24, 2012 by flying Link to comment Share on other sites More sharing options...
BigRick Posted February 24, 2012 Share Posted February 24, 2012 STILL THINK THIS IS FUNNY? Not one of these taxes existed 100 years ago, & our nation was the most prosperous in the world. We had absolutely no national debt, had the largest middle class in the world, and Mom , if agreed, stayed home to raise the kids. What in the heck happened? Can you spell 'politicians?' Pretty disgusting isn't it? PS: It was written ( or at least the first half?) in March 1995.....we have sunk a lot further Yes it is but I think a lot of the problem is self made. We do not want a strong dollar because it means we have to pay the Chinese in a strong dollar vs a weak dollar. Pisses me off because I have lived in Thailand almost 2 years nothing says you should save money like watching your currency lose 3 percent of its value in a month. What is really scary is you think Thailand lost 10.8 percent off their GDP and they are almost back to the high against the US dollar. I blame the banks and Forex. Forex is the biggest racket out there. They buy low sell you high on a 24 hour cycle. I saw this nice little surprise using all three of my banks on the same transaction to see how it played out. There was almost a 10$ spread on a five hundred dollar transaction. Of course all three of the banks said. We did not do it even though the transactions took place within 2 minutes. Now I get a nice little extra five dollar maintenance fee because they do not base it off your balance anymore. Link to comment Share on other sites More sharing options...
flying Posted February 24, 2012 Share Posted February 24, 2012 (edited) STILL THINK THIS IS FUNNY? Not one of these taxes existed 100 years ago, & our nation was the most prosperous in the world. We had absolutely no national debt, had the largest middle class in the world, and Mom , if agreed, stayed home to raise the kids. What in the heck happened? Can you spell 'politicians?' Pretty disgusting isn't it? PS: It was written ( or at least the first half?) in March 1995.....we have sunk a lot further Yes it is but I think a lot of the problem is self made. We do not want a strong dollar because it means we have to pay the Chinese in a strong dollar vs a weak dollar. Pisses me off because I have lived in Thailand almost 2 years nothing says you should save money like watching your currency lose 3 percent of its value in a month. Well yes but then again as stated in the original piece it has been going on since the founding of the FED Reserve...As stated 100 years ago no debt.....But it was not allowed as we lived within our means/monetary supply...As it was not artificially inflated by printing. So it is true to some extent a country likes a weak currency for a few reasons export not the least but.....as you say the roller coaster is no fun for the riders. In recent trips when we stay a few months in just the last 4 years or so we have seen years at 36/1 & 29/1 so as you say very hard to watch. I cannot imagine how hard it is on some to lose 20% purchasing power some months. Edited February 24, 2012 by flying Link to comment Share on other sites More sharing options...
el jefe Posted February 24, 2012 Share Posted February 24, 2012 STILL THINK THIS IS FUNNY? Not one of these taxes existed 100 years ago, & our nation was the most prosperous in the world. We had absolutely no national debt, had the largest middle class in the world, and Mom , if agreed, stayed home to raise the kids. What in the heck happened? Can you spell 'politicians?' Besides the fact that many of those taxes are pennies or don't apply to everyone, your conclusion is flawed. America's problems are self-inflicted by the entire population. it's called excessive consumption. 100 years ago no one had 5 airconditioners, 2 cars, 6 devices connecting them to the internet, cable TV costing $150 a month, etc. If Americans went back to saving instead of spending everything, not only would many of the problems be solved, but Mom could stay home if she wanted to. 1 Link to comment Share on other sites More sharing options...
flying Posted February 24, 2012 Share Posted February 24, 2012 If Americans went back to saving instead of spending everything, not only would many of the problems be solved, but Mom could stay home if she wanted to. How does that cure all the Military Industrial Complex spending? Or pork Barrel for that matter Link to comment Share on other sites More sharing options...
WilliaminBKK Posted February 24, 2012 Share Posted February 24, 2012 I must be getting older, it seems every 4 years some currency seems to do very well while the Americans sort out their election stuff then after a new President is elected it balances out. I get paid in pounds, bank in CA$ and have investments in AU$ - looks good but history usually has be sad this time next year. Link to comment Share on other sites More sharing options...
BigRick Posted February 24, 2012 Share Posted February 24, 2012 STILL THINK THIS IS FUNNY? Not one of these taxes existed 100 years ago, & our nation was the most prosperous in the world. We had absolutely no national debt, had the largest middle class in the world, and Mom , if agreed, stayed home to raise the kids. What in the heck happened? Can you spell 'politicians?' Pretty disgusting isn't it? PS: It was written ( or at least the first half?) in March 1995.....we have sunk a lot further Yes it is but I think a lot of the problem is self made. We do not want a strong dollar because it means we have to pay the Chinese in a strong dollar vs a weak dollar. Pisses me off because I have lived in Thailand almost 2 years nothing says you should save money like watching your currency lose 3 percent of its value in a month. Well yes but then again as stated in the original piece it has been going on since the founding of the FED Reserve...As stated 100 years ago no debt.....But it was not allowed as we lived within our means/monetary supply...As it was not artificially inflated by printing. So it is true to some extent a country likes a weak currency for a few reasons export not the least but.....as you say the roller coaster is no fun for the riders. In recent trips when we stay a few months in just the last 4 years or so we have seen years at 36/1 & 29/1 so as you say very hard to watch. I cannot imagine how hard it is on some to lose 20% purchasing power some months. Basically we need to take all the Politicians, speculators and lawyers but them on an island let them fight to the death and the winner gets to stay in society. The speculators are what cause a lot of this problem producing crumbs to steal out of thin air. Oil of course is another big one I liked the concept of if you buy oil futures you have to have the capacity to receive and store said futures. The US is now a net producer of energy but we are one the few net countries who passes it along to the people. Iran instability ='s more money for that US based oil companies. This election cycle will be a total joke considering they are going to spend 300+ million dollars to get a 600k a year job the Supreme court in the US monied the system when they allowed unlimited PAC money from any source. Link to comment Share on other sites More sharing options...
flying Posted February 24, 2012 Share Posted February 24, 2012 (edited) . This election cycle will be a total joke considering they are going to spend 300+ million dollars to get a 600k a year job Actually if Ron Paul were elected he said he would only accept.... $39,336 USD/year To stand with the American People, President Paul will take a salary of $39,336, approximately equal to the median personal income of the American worker. Edited February 24, 2012 by flying 1 Link to comment Share on other sites More sharing options...
Naam Posted February 24, 2012 Author Share Posted February 24, 2012 (edited) Yes it is but I think a lot of the problem is self made. We do not want a strong dollar because it means we have to pay the Chinese in a strong dollar vs a weak dollar. you made my day BigRick! fortunately, whatever liquid i spit out because laughing out loudly is neither on the screen nor on the keyboard but on the floor. p.s. are you a financial adviser? Edited February 24, 2012 by Naam Link to comment Share on other sites More sharing options...
ExpatOilWorker Posted February 24, 2012 Share Posted February 24, 2012 I will take up the challenge and play FOREX expert for 2 min. The stronger Baht mirror a weaker Yen. Hence the Japanese trade deficit is making traders looking for alternative markets around the region. Just my 2 bahts worth. your 2 minutes are over Nope, I still got 1 min left. It is natural for a currency to get stronger after a major natural disaster. Insurance companies sell overseas assets to cover their domestic commitment. The Yen also got stronger after the tsunami. conclusion: since a few days Thai insurance companies are selling their overseas assets? ...and in English? But yes, Thai and international insurance companies like AIA are allocating international funds to cover payouts for last years flood. Link to comment Share on other sites More sharing options...
bendix Posted February 24, 2012 Share Posted February 24, 2012 I will take up the challenge and play FOREX expert for 2 min. The stronger Baht mirror a weaker Yen. Hence the Japanese trade deficit is making traders looking for alternative markets around the region. Just my 2 bahts worth. your 2 minutes are over Nope, I still got 1 min left. It is natural for a currency to get stronger after a major natural disaster. Insurance companies sell overseas assets to cover their domestic commitment. The Yen also got stronger after the tsunami. How do you explain the fact that the baht weakened considerably in Jan - the strength is only in the last few days. Link to comment Share on other sites More sharing options...
BigRick Posted February 24, 2012 Share Posted February 24, 2012 Yes it is but I think a lot of the problem is self made. We do not want a strong dollar because it means we have to pay the Chinese in a strong dollar vs a weak dollar. you made my day BigRick! fortunately, whatever liquid i spit out because laughing out loudly is neither on the screen nor on the keyboard but on the floor. p.s. are you a financial adviser? Nope but I do watch and read the news enough to pay attention to what the Federal Reserve does to devalue the dollar so we are really paying less back. If you print 600 Billion dollars do you create 600 new billion dollars worth of positive net worth? No you dilute what you had with another 600 billion dollars lowering the amount you pay back because its value has been diluted. I think the best example of this was 2010 but here is an article anyway simple enough if you would like to research the concept >devaluing the US dollar vs debt< http://currentusanationalde.articlealley.com/devaluing-the-dollar-to-deal-with-the-national-debt-2314511.html You think it is bad now wait until they raise the minimum wage in Thailand everything will go up along with the wages to adjust the extra spending power. Long story short about debt you owe the bank 200k they own you, You owe the bank 200 billion you own them. Link to comment Share on other sites More sharing options...
ExpatOilWorker Posted February 24, 2012 Share Posted February 24, 2012 (edited) I will take up the challenge and play FOREX expert for 2 min. The stronger Baht mirror a weaker Yen. Hence the Japanese trade deficit is making traders looking for alternative markets around the region. Just my 2 bahts worth. your 2 minutes are over Nope, I still got 1 min left. It is natural for a currency to get stronger after a major natural disaster. Insurance companies sell overseas assets to cover their domestic commitment. The Yen also got stronger after the tsunami. How do you explain the fact that the baht weakened considerably in Jan - the strength is only in the last few days. By "the last few days", you mean since January 17th, right? The baht has been getting stronger the past 5 weeks. NB: We are talking baht Vs. good old US-$ here. If you are referring the baht Vs. the not so shining Sterling, then you will have to take it to the newly established grumpy British forum. Edited February 24, 2012 by ExpatOilWorker Link to comment Share on other sites More sharing options...
bendix Posted February 24, 2012 Share Posted February 24, 2012 By "the last few days", you mean since January 17th, right? The baht has been getting stronger the past 5 weeks. NB: We are talking baht Vs. good old US-$ here. If you are referring the baht Vs. the not so shining Sterling, then you will have to take it to the newly established grumpy British forum. At the moment I'm interested in the HK$, which is tied to the US$. I was getting 4.10 baht to the HKD just two weeks ago, so the baht wasn't that strong then. But it's surged to 3.91 at the moment. Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now