Thai Islam Bank Offering 3.4% Interest Per Month?

[corkythecat]

Quote "For a general introduction to economics Paul Samuelson is still a classic read. 'Economics An Introductory Analysis'.
Online subscriptions to the Wall Street Journal http://asia.wsj.com/home-page and the Financial Times http://www.ft.com/home/uk both worth the expenditure to follow the debates at a serious level.
Have a look also at CNBC Explains http://www.cnbc.com/.../site/14081545/
Both CNBC http://www.cnbc.com/id/41369691 and Bloomberg http://www.bloomberg.com/ provide entry points to financial analysis. You can pick up an online free live TV feed from Bloomberg. CNBC requires a sub or your TV sub has it. CNBC is generally better."

So, In answer to the question "what happens to the money lost by trader X, who gains"?

1. You scornfully reject an answer and condemn the posting of links, BUT offer no answer yourself"

2. All YOU can do is copy and post a pile of links on economics. Hoist by your own petard !

I won't be holding my breath for YOUR take on the question, no doubt you have much reading to do.

[yoshiwara]

Quote "For a general introduction to economics Paul Samuelson is still a classic read. 'Economics An Introductory Analysis'.

Online subscriptions to the Wall Street Journal http://asia.wsj.com/home-page and the Financial Times http://www.ft.com/home/uk both worth the expenditure to follow the debates at a serious level.

Have a look also at CNBC Explains http://www.cnbc.com/.../site/14081545/

Both CNBC http://www.cnbc.com/id/41369691 and Bloomberg http://www.bloomberg.com/ provide entry points to financial analysis. You can pick up an online free live TV feed from Bloomberg. CNBC requires a sub or your TV sub has it. CNBC is generally better."

So, In answer to the question "what happens to the money lost by trader X, who gains"?

1. You scornfully reject an answer and condemn the posting of links, BUT offer no answer yourself"

2. All YOU can do is copy and post a pile of links on economics. Hoist by your own petard !

I won't be holding my breath for YOUR take on the question, no doubt you have much reading to do.

Don't be silly. Actually I was trying to be helpful in response to that reading list you posted which was rather eclectic. Whether you (and others) wish to follow up is up to you. No I did not post a pile of bonkers links and certainly not superficial junk shop websites which maybe you are more attracted to . What I was pointing to is a more focussed serious approach. (Maybe this is where someone launches into a broadside against establishment media...always a good stick grasped by the intellectually lazy).

BTW, the 'greater fool' is a rather shallow explanation of anything much more than the famous Albanian ponzi scheme.

What was interestingly discovered in the 2008-2009 blow-up was the sheer interconnectedness of the financial system and that weakness in one sector affected another. Even the holding of insurance through instruments of CDS did not allow a stand aside. Once one understands this (and the too big to fail debate is a part of the discussion)then one gets a better idea of why AIS was bailed out and also why QE was originally applied (to put in a block against contagion).

Edited May 2, 2013 by yoshiwara

[yoshiwara]

Quote "For a general introduction to economics Paul Samuelson is still a classic read. 'Economics An Introductory Analysis'.

Online subscriptions to the Wall Street Journal http://asia.wsj.com/home-page and the Financial Times http://www.ft.com/home/uk both worth the expenditure to follow the debates at a serious level.

Have a look also at CNBC Explains http://www.cnbc.com/.../site/14081545/

Both CNBC http://www.cnbc.com/id/41369691 and Bloomberg http://www.bloomberg.com/ provide entry points to financial analysis. You can pick up an online free live TV feed from Bloomberg. CNBC requires a sub or your TV sub has it. CNBC is generally better."

So, In answer to the question "what happens to the money lost by trader X, who gains"?

1. You scornfully reject an answer and condemn the posting of links, BUT offer no answer yourself"

2. All YOU can do is copy and post a pile of links on economics. Hoist by your own petard !

I won't be holding my breath for YOUR take on the question, no doubt you have much reading to do.

Don't be silly. Actually I was trying to be helpful in response to that reading list you posted which was rather eclectic. Whether you (and others) wish to follow up is up to you. No I did not post a pile of bonkers links and certainly not superficial junk shop websites which maybe you are more attracted to . What I was pointing to is a more focussed serious approach. (Maybe this is where someone launches into a broadside against establishment media...always a good stick grasped by the intellectually lazy).

BTW, the 'greater fool' is a rather shallow explanation of anything much more than the famous Albanian ponzi scheme.

What was interestingly discovered in the 2008-2009 blow-up was the sheer interconnectedness of the financial system and that weakness in one sector affected another. Even the holding of insurance through instruments of CDS did not allow a stand aside. Once one understands this (and the too big to fail debate is a part of the discussion)then one gets a better idea of why AIS was bailed out and also why QE was originally applied (to put in a block against contagion).

corr: AIG not AIS.

PS currency trades are a zero/sum game but does one say that the FX market is defined or better understood by one of the trading parties labelled a greater fool? With equities? No. The whole intent of those flinging the label around is to sell the idea that trades are crooked and rigged against the poor 'fool'. Their answer? Gold. Well fancy that.

Edited May 2, 2013 by yoshiwara

[corkythecat]

Whoever taught you copy/paste should also have made you aware of plagiarism software. Finance "Industry" what an oxymoron..here is a public ranking..the useless mouths not even listed.

ranking.bmp

Edited May 2, 2013 by corkythecat

[hermespan]

Learn to read Thai, it is not 3.4% per month, there is the word "deuan" against the figure 9, meaning 9 "months" The offer on their web site clearly states 3.4% interest at the end of 9 months time deposit. They also offer 3.30% if you deposit your money for 6 months. A word of warning which applies to all Thai Banks offering high interest time deposit: At the end of the 9 month period they will automatically reduce your time deposit interest to the minimum interest rate whereas their sales literature implies that if you do not close the account it would be rolled over to a new high interest rate available at the end of 9 months. What I do is go to the bank the day after the end of the 9 month period and open a new time deposit account

Another good reason to bank in Cambodia instead of Thailand. Cambodian bank and mictrofinancing institutions have no problem allowing one to roll over for certain maximym durations, e,g. 8 years, so if it's a 2-year fixed deposit, it can roll over three times after each maturity.

That's outrageous that you have to go in in person or even online to roll it over. In Cambodia I have three choices ...

1. Cash out (actually put into savings account)

2. Re-invest principle only

3. Re-invest principle and interest

No option to reinvest interest only (even though this is how my grandfather taught me how to manage funds while playing craps, i.e. Playing only with profit)

BTW, I emailed [email protected]. Email came back immediately as undeliverable.

Thanks all for the tips on CMBI and K Bank.

[yoshiwara]

Whoever taught you copy/paste should also have made you aware of plagiarism software. Finance "Industry" what an oxymoron..here is a public ranking..the useless mouths not even listed.

ranking.bmp

If you are making an accusation of plagiarism I kindly suggest you withdraw that accusation and apologise. Edited May 2, 2013 by yoshiwara