mccw Posted February 2, 2013 Share Posted February 2, 2013 Stronger bht "should" make imported products cheaper/ less expensive- ie helping not just "a very small elite" who have money to invest overseas but also the lower classes buying cheap imported Chinese products or transport costs or imported fertilisers, feeds etc leading through to more affordable prices for every one earning bht. This is why strong £ dollar people's lived do well for so long. Thailand is a the early stages of the debt road compared to west. If following the same model they could enjoy probably 20years of debt fuelled growth until running in to the wall like west has now. West looks set to devalue in to a lowly third world currency and try to export to the east. Genius. yippee hp.sauce,spam,branston pickle,lamb and not forgetting my cider all down in price,as much chance as getting a tuk tuk ride for a fair price in phuket. I say "should" with a " " because that's what the economics of the old era would dictate; but now we are in the post peak oil/ rescourse era these economics no longer apply and the reality is there will be inflation all round. It will be worse for the money printing, high tax, high labour, high welfare, "developed" countries. Link to comment Share on other sites More sharing options...
meatboy Posted February 2, 2013 Share Posted February 2, 2013 anyone knows what the interest rates on savings in zimbabwe are? Link to comment Share on other sites More sharing options...
exeter Posted February 2, 2013 Share Posted February 2, 2013 anyone knows what the interest rates on savings in zimbabwe are? Off the scale I would suggest .It seems the GBP has dived against the Euro recently as well which is not good news for us, still I am sure the Greeks will come to our rescue again Link to comment Share on other sites More sharing options...
fletchsmile Posted February 2, 2013 Share Posted February 2, 2013 Again building THB assets here makes sense for many people. Of course if it goes in your favour, then no worries, but don't leave yourself open to the whims of governments and FX markets Fletch Not everybody is in the position to do so ie build up Thai assets and are primarily reliant on an overseas cash income stream. Many should be though. Anyone working should be looking at this for starters. Even for people bringing in overseas cash income streams, they should be looking at spending less than they have coming in, and saving for a rainy day in THB. Unless you're living hand to mouth, it's generally a question of discipline in your finances Think how much better off those on pensioners etc would have been by saving or investing say 10% pa in THB over the years. Or those that use to give advice, leave your money in UK bank accounts "where it's safe" earning 6% (common advice on here a few years back), "rather than don't invest in Thailand blah blah..." For anyone who is actually spending all their overseas income cash streams each month now, that's not going to be sustainable. The choice will be watch their standard of living deteriorate, or bring some assets from UK over here, or go back to UK. Might as well make those choices now as it's not going to get easier in mid-long term. The increase in minimum wage is just one of many factors in Thailand become a wealthier and more expensive place in the future. The middle class is growing. That's before we even look at the macro diffs between UK and Thailand and the general shift of balance from West to East. The question is really can you afford not to build THB assets, rather than can you afford to. Link to comment Share on other sites More sharing options...
nong38 Posted February 3, 2013 Share Posted February 3, 2013 Again building THB assets here makes sense for many people. Of course if it goes in your favour, then no worries, but don't leave yourself open to the whims of governments and FX markets Fletch Not everybody is in the position to do so ie build up Thai assets and are primarily reliant on an overseas cash income stream. Many should be though. Anyone working should be looking at this for starters. Even for people bringing in overseas cash income streams, they should be looking at spending less than they have coming in, and saving for a rainy day in THB. Unless you're living hand to mouth, it's generally a question of discipline in your finances Think how much better off those on pensioners etc would have been by saving or investing say 10% pa in THB over the years. Or those that use to give advice, leave your money in UK bank accounts "where it's safe" earning 6% (common advice on here a few years back), "rather than don't invest in Thailand blah blah..." For anyone who is actually spending all their overseas income cash streams each month now, that's not going to be sustainable. The choice will be watch their standard of living deteriorate, or bring some assets from UK over here, or go back to UK. Might as well make those choices now as it's not going to get easier in mid-long term. The increase in minimum wage is just one of many factors in Thailand become a wealthier and more expensive place in the future. The middle class is growing. That's before we even look at the macro diffs between UK and Thailand and the general shift of balance from West to East. The question is really can you afford not to build THB assets, rather than can you afford to. As its sunday I would say that was a good sermon and offers food for thought. Link to comment Share on other sites More sharing options...
meatboy Posted February 3, 2013 Share Posted February 3, 2013 lets see whats on offer today,close of play on fri.gbp.was hovering around 47-t.t.the euro was going forward,over the weekend the £ against the euro is under 1.15 its a long time since it was that low.we that live here will feel lucky if we are holding thai bht.having exchanged at around 49+. Link to comment Share on other sites More sharing options...
15Peter20 Posted February 4, 2013 Author Share Posted February 4, 2013 lets see whats on offer today,close of play on fri.gbp.was hovering around 47-t.t.the euro was going forward,over the weekend the £ against the euro is under 1.15 its a long time since it was that low.we that live here will feel lucky if we are holding thai bht.having exchanged at around 49+. Bangkok Bank just updated TT: 46.46 Link to comment Share on other sites More sharing options...
meatboy Posted February 4, 2013 Share Posted February 4, 2013 lets see whats on offer today,close of play on fri.gbp.was hovering around 47-t.t.the euro was going forward,over the weekend the £ against the euro is under 1.15 its a long time since it was that low.we that live here will feel lucky if we are holding thai bht.having exchanged at around 49+. Bangkok Bank just updated TT: 46.46 thats a 53satang drop,tourists up,record retirement visa's up brits and russians,spin spin spin. Link to comment Share on other sites More sharing options...
yoshiwara Posted February 4, 2013 Share Posted February 4, 2013 lets see whats on offer today,close of play on fri.gbp.was hovering around 47-t.t.the euro was going forward,over the weekend the £ against the euro is under 1.15 its a long time since it was that low.we that live here will feel lucky if we are holding thai bht.having exchanged at around 49+. You made your own luck by taking a position. Link to comment Share on other sites More sharing options...
15Peter20 Posted February 4, 2013 Author Share Posted February 4, 2013 Apparently there will be a number of UK and EU economic reports coming out this week which may provide the odd spike. Far be it from me to offer advice given my 4 weeks of experience monitoring this currency pair, but at the moment I'm keeping the Tuk-Tuk warmed up and ready for a trip down to the bank at short notice. Link to comment Share on other sites More sharing options...
meatboy Posted February 4, 2013 Share Posted February 4, 2013 Apparently there will be a number of UK and EU economic reports coming out this week which may provide the odd spike. Far be it from me to offer advice given my 4 weeks of experience monitoring this currency pair, but at the moment I'm keeping the Tuk-Tuk warmed up and ready for a trip down to the bank at short notice. didnt know they now have tuk-tuks in the uk.if i was you i would get a sleeping blanket and be first in line. Link to comment Share on other sites More sharing options...
meatboy Posted February 4, 2013 Share Posted February 4, 2013 lets see whats on offer today,close of play on fri.gbp.was hovering around 47-t.t.the euro was going forward,over the weekend the £ against the euro is under 1.15 its a long time since it was that low.we that live here will feel lucky if we are holding thai bht.having exchanged at around 49+. Bangkok Bank just updated TT: 46.46 update 1.30pm. TT 46.31 Link to comment Share on other sites More sharing options...
nong38 Posted February 4, 2013 Share Posted February 4, 2013 Seems like there might be some good economic indicatotors coming of GB this week, if that proves to be correct it will interesting to see what affect that has on the current situation. If I were a tourist I think I would be looking elsewhere for next year's holiday if things dont change rapidly. Thai logic in this situation would be something like this, methinks "Hey you Asean chums just look out our currency one of the strongest in the world, one day we will teach you all about finance/economics and bingo!" Link to comment Share on other sites More sharing options...
mccw Posted February 4, 2013 Share Posted February 4, 2013 Seems like there might be some good economic indicatotors coming of GB this week, if that proves to be correct it will interesting to see what affect that has on the current situation. If I were a tourist I think I would be looking elsewhere for next year's holiday if things dont change rapidly. Thai logic in this situation would be something like this, methinks "Hey you Asean chums just look out our currency one of the strongest in the world, one day we will teach you all about finance/economics and bingo!" Maybe some Thais will be happy to have a strong bht to invest in the other asean neighbours and that the other way neighbours must spend more to try and buy in to biz / compete in Thailand? Link to comment Share on other sites More sharing options...
Thailand1977 Posted February 4, 2013 Share Posted February 4, 2013 Seems like there might be some good economic indicatotors coming of GB this week We have to borrow and print 100s of billions just to have zero growth, maybe they'll borrow some more to show that there is some growth. The only way out is if we get a LIBLAB coalition in a couple of years, which will scare off all lenders so that we can no longer borrow and we default ... thus having to dismantle the socialist totalitarian nightmare Britain has become. Link to comment Share on other sites More sharing options...
yoshiwara Posted February 4, 2013 Share Posted February 4, 2013 Seems like there might be some good economic indicatotors coming of GB this week We have to borrow and print 100s of billions just to have zero growth, maybe they'll borrow some more to show that there is some growth. The only way out is if we get a LIBLAB coalition in a couple of years, which will scare off all lenders so that we can no longer borrow and we default ... thus having to dismantle the socialist totalitarian nightmare Britain has become. Expat bar expert. Link to comment Share on other sites More sharing options...
Thailand1977 Posted February 4, 2013 Share Posted February 4, 2013 (edited) Seems like there might be some good economic indicatotors coming of GB this week We have to borrow and print 100s of billions just to have zero growth, maybe they'll borrow some more to show that there is some growth. The only way out is if we get a LIBLAB coalition in a couple of years, which will scare off all lenders so that we can no longer borrow and we default ... thus having to dismantle the socialist totalitarian nightmare Britain has become. Expat bar expert. Well being as we have more CCTV cameras then anywhere else on the planet, and the government spends over 50% of GDP, i'd say merely an expert as i'm not an expat. If the government didn't borrow, tax and spend so much ... and invoke endless laws and regulations for business the pound would be a hell of a lot stronger. Edited February 4, 2013 by Thailand1977 Link to comment Share on other sites More sharing options...
fletchsmile Posted February 4, 2013 Share Posted February 4, 2013 My financial strategy is built around not having to worry about FX rates short term. While I have views on longer term trends and rates, I find predicting short term rates much more difficult, so try and put myself in situations where I don't need to do so, nor do I generally speculate on them. If I'd put myself in a situation where I needed to make a call though and was gambling on getting a better rate, there's a reasonable chance THB will weaken a little over the next couple of weeks. 20 Feb will be a day to watch as the Thai MPC makes a decision on rates. There's a good chance of a 25 b.p. cut to 2.5% to ease matters a little... Of course all sorts of other things could happen but that's one to bear in mind. Link to comment Share on other sites More sharing options...
mccw Posted February 4, 2013 Share Posted February 4, 2013 Seems like there might be some good economic indicatotors coming of GB this week We have to borrow and print 100s of billions just to have zero growth, maybe they'll borrow some more to show that there is some growth. The only way out is if we get a LIBLAB coalition in a couple of years, which will scare off all lenders so that we can no longer borrow and we default ... thus having to dismantle the socialist totalitarian nightmare Britain has become. Haha I fear they would just "buy" thier own debts even more to make up the short fall. This is really an excellent explaination of what is really going on: http://www.marketoracle.co.uk/Article37845.html Link to comment Share on other sites More sharing options...
Thailand1977 Posted February 4, 2013 Share Posted February 4, 2013 Seems like there might be some good economic indicatotors coming of GB this week We have to borrow and print 100s of billions just to have zero growth, maybe they'll borrow some more to show that there is some growth. The only way out is if we get a LIBLAB coalition in a couple of years, which will scare off all lenders so that we can no longer borrow and we default ... thus having to dismantle the socialist totalitarian nightmare Britain has become. Haha I fear they would just "buy" thier own debts even more to make up the short fall. This is really an excellent explaination of what is really going on: http://www.marketora...ticle37845.html The conclusion pretty much says what ive said, Labour to win and bankrupt us after a spending spree, all the useless fookers know how to do. 1 Link to comment Share on other sites More sharing options...
mccw Posted February 4, 2013 Share Posted February 4, 2013 Same but different Tory or Labour it is a serious mess with no happy ending Link to comment Share on other sites More sharing options...
Thailand1977 Posted February 4, 2013 Share Posted February 4, 2013 Same but different Tory or Labour it is a serious mess with no happy ending When it ends that will be the happy part, at the moment its just a slow painful torture for those of us who aren't reckless with our money and weren't born at the right time to ride the property bubble and just want a property to live in. Link to comment Share on other sites More sharing options...
mccw Posted February 4, 2013 Share Posted February 4, 2013 Same but different Tory or Labour it is a serious mess with no happy ending When it ends that will be the happy part, at the moment its just a slow painful torture for those of us who aren't reckless with our money and weren't born at the right time to ride the property bubble and just want a property to live in. If it "ends" in an inflationary explosion/ currency collapse then its not an end to "slow torture" but the beginning of life as a third world country; only worse than many probably because of all the taxes and stifling rules and regulations in the way of letting people take care of themselves. 2 Link to comment Share on other sites More sharing options...
Thailand1977 Posted February 4, 2013 Share Posted February 4, 2013 Same but different Tory or Labour it is a serious mess with no happy ending When it ends that will be the happy part, at the moment its just a slow painful torture for those of us who aren't reckless with our money and weren't born at the right time to ride the property bubble and just want a property to live in. If it "ends" in an inflationary explosion/ currency collapse then its not an end to "slow torture" but the beginning of life as a third world country; only worse than many probably because of all the taxes and stifling rules and regulations in the way of letting people take care of themselves. This is what the banks and govt. would like us to believe, but Iceland are doing ok after defaulting. All the infrastructure and knowledge will still be there ... only the wealthy will have had their asset values slashed and those who borrowed too much would get the hit they deserve. But on the good side many public sector workers would lose their jobs to free us from their clenched grip. Link to comment Share on other sites More sharing options...
yoshiwara Posted February 5, 2013 Share Posted February 5, 2013 (edited) Same but different Tory or Labour it is a serious mess with no happy ending When it ends that will be the happy part, at the moment its just a slow painful torture for those of us who aren't reckless with our money and weren't born at the right time to ride the property bubble and just want a property to live in. Diddums Edited February 5, 2013 by yoshiwara Link to comment Share on other sites More sharing options...
meatboy Posted February 5, 2013 Share Posted February 5, 2013 Same but different Tory or Labour it is a serious mess with no happy ending When it ends that will be the happy part, at the moment its just a slow painful torture for those of us who aren't reckless with our money and weren't born at the right time to ride the property bubble and just want a property to live in. Diddums mockery Link to comment Share on other sites More sharing options...
Thailand1977 Posted February 5, 2013 Share Posted February 5, 2013 (edited) Same but different Tory or Labour it is a serious mess with no happy ending When it ends that will be the happy part, at the moment its just a slow painful torture for those of us who aren't reckless with our money and weren't born at the right time to ride the property bubble and just want a property to live in. Diddums Well being as its destroyed the chances of having a settled life for a generation under 40 it is quite sad. Maybe they all ought to go to Thailand and buy a wife like yourself. Edited February 5, 2013 by Thailand1977 Link to comment Share on other sites More sharing options...
yoshiwara Posted February 6, 2013 Share Posted February 6, 2013 Same but different Tory or Labour it is a serious mess with no happy ending When it ends that will be the happy part, at the moment its just a slow painful torture for those of us who aren't reckless with our money and weren't born at the right time to ride the property bubble and just want a property to live in. Diddums Well being as its destroyed the chances of having a settled life for a generation under 40 it is quite sad. Maybe they all ought to go to Thailand and buy a wife like yourself. The petty bourgeois are always resentful and in despair over one thing or another. And its always someone else's fault. Of course as GBP slips to 46 baht we can only afford short-time wives now. Its either that or sit at home heating up the bedsit with our incandescent unhappiness. You should be as warm as toast! Link to comment Share on other sites More sharing options...
thenervoussurgeon Posted February 6, 2013 Share Posted February 6, 2013 Same but different Tory or Labour it is a serious mess with no happy ending When it ends that will be the happy part, at the moment its just a slow painful torture for those of us who aren't reckless with our money and weren't born at the right time to ride the property bubble and just want a property to live in. Diddums Well being as its destroyed the chances of having a settled life for a generation under 40 it is quite sad. Maybe they all ought to go to Thailand and buy a wife like yourself. I suppose because of your financial position ,you cant afford one? Link to comment Share on other sites More sharing options...
Thailand1977 Posted February 6, 2013 Share Posted February 6, 2013 [i suppose because of your financial position ,you cant afford one? If i had all the money in the world i wouldn't go near a Thai women again, well apart from my kid. Besides this is the internet so im really rich hansum and successful. Link to comment Share on other sites More sharing options...
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