wym Posted January 10, 2014 Share Posted January 10, 2014 My point was that the fact that fracking and other new fossil-fuel extraction methods poison our groundwater can be seen as a positive side-effect from a strictly capitalist economic POV, an excellent example of the disconnect between public good and economic growth. Link to comment Share on other sites More sharing options...
chiang mai Posted January 10, 2014 Share Posted January 10, 2014 -snip-once international trade settlements are made with an alternative basket of currencies, hard times indeed as America actually needs to pay reasonable interest for its staggering debt load. And what "basket" would that be? The US economy is growing fast, partly due to its massive finds of oil, but all of the important numbers like trade deficits, employment, corporate profits, government deficits etc. are truly improving. LINK. The US is the world's #1 economy by double and has the world's 3rd largest population. The US is the main buyer of many countries' exports, including China, The UK, and even Thailand. You'd best wish the US well. I still would love to know what "basket" of currencies the US would accept as payment since it is by far the world's largest seller and buyer? Greece and Portugal? Actually the US is not the largest buyer of UK exports, neither is the it the main buyer of Thai exports and nor is it the largest buyer of China's exports, apart from things your post is somewhat correct, except the fact that the European Union is the worlds largest economy, no the US. Thailand's major export partners are China (12 percent), Japan (10 percent), the United States (10 percent) and the European Union (9.5 percent).http://en.wikipedia.org/wiki/List_of_the_largest_trading_partners_of_China http://en.wikipedia.org/wiki/List_of_countries_by_GDP_%28nominal%29 1 Link to comment Share on other sites More sharing options...
Delta8500 Posted January 10, 2014 Share Posted January 10, 2014 Tracking does not poison groundwater. You are not up-to-date on your science. By the way, China is a communist nation and their air and water is putrid by typical capitalist standards. Sent from my iPad using Thaivisa Connect Thailand 1 Link to comment Share on other sites More sharing options...
Tafia Posted January 10, 2014 Share Posted January 10, 2014 (edited) Pah....£ took a tumble yesterday. Did someone prod Merv King with a stick! The Governor of the BOE is Mark Carney. Edited January 10, 2014 by Tafia Link to comment Share on other sites More sharing options...
Berkshire Posted January 10, 2014 Share Posted January 10, 2014 Actually the US is not the largest buyer of UK exports, neither is the it the main buyer of Thai exports and nor is it the largest buyer of China's exports, apart from things your post is somewhat correct, except the fact that the European Union is the worlds largest economy, no the US. According to your chart, the US is in fact the largest recipient of UK exports at 31.7 bil, followed by Germany. By the way, the US is one country whereas the EU is 20+. So yes, the US is the world's largest economy by far, followed by China. 2 Link to comment Share on other sites More sharing options...
alyx Posted January 10, 2014 Share Posted January 10, 2014 Yeah, the Aussie Peso is cushioning the Thai Bahts fall, so bummer to bringing money in from Aus. Lucky I'm being paid in greenbacks at the moment,straight into my Thai bank account. But it was only 12 months ago I was buying $US with $AUD, so there isn't any stability in any of the currency's..well maybe the Swiss FrancI thought the Swiss Franc was pegged to the Euro last year.... 1 Link to comment Share on other sites More sharing options...
chiang mai Posted January 10, 2014 Share Posted January 10, 2014 (edited) Actually the US is not the largest buyer of UK exports, neither is the it the main buyer of Thai exports and nor is it the largest buyer of China's exports, apart from things your post is somewhat correct, except the fact that the European Union is the worlds largest economy, no the US. According to your chart, the US is in fact the largest recipient of UK exports at 31.7 bil, followed by Germany. By the way, the US is one country whereas the EU is 20+. So yes, the US is the world's largest economy by far, followed by China. I say the EU is an entity in its own right hence is the largest single export market, we are talking markets not necessarily countries. Edited January 10, 2014 by chiang mai Link to comment Share on other sites More sharing options...
Prbkk Posted January 10, 2014 Share Posted January 10, 2014 The Thai govt won't be losing any sleep with the Baht hovering around 33.10/USD. Even it they did, intervention is meaningless ( unless they want to try to weaken further). Once the political issues are resolved, it would be good to see it a touch lower for a decent boost to exports. That begs the question: is Thailand still seen as a good and secure location for capital intensive manufacturing? I hope so....the alternatives for Thailand are not pretty. Link to comment Share on other sites More sharing options...
wym Posted January 10, 2014 Share Posted January 10, 2014 (edited) Yes the relative role of the US (and other earlier-developed countries) in world trade will continue to decline. Interesting comments from Nestle chairman about privatizing water supplies: http://www.youtube.com/watch?v=SEFL8ElXHaU#t=2m Tracking does not poison groundwater. You are not up-to-date on your science. By the way, China is a communist nation and their air and water is putrid by typical capitalist standards. Sent from my iPad using Thaivisa Connect Thailand Fracking: http://www.forbes.com/sites/timworstall/2011/12/10/fracking-does-contaminate-groundwater-carry-on-drilling-regardless/ http://www.scientificamerican.com/article.cfm?id=groundwater-contamination-may-end-the-gas-fracking-boom http://scienceblogs.com/significantfigures/index.php/2013/06/27/the-growing-evidence-of-the-threat-of-fracking-to-the-nations-groundwater/ http://www.propublica.org/article/new-study-finds-high-levels-of-arsenic-in-groundwater-near-fracking-sites http://switchboard.nrdc.org/blogs/amall/incidents_where_hydraulic_frac.html http://www.propublica.org/article/buried-secrets-is-natural-gas-drilling-endangering-us-water-supplies-1113 And how the oil industry pushed through a gag order prohibiting doctors from being honest with their patients about the true causes of their health problems: http://rt.com/usa/medical-gag-rule-risks-fracking-053/ I have no idea your point about China, obviously the capitalist liberal democracies have the lion's share of responsibility for trying to avert ecological disaster, even-more-corrupt regimes in the later-developing world are even more open to the public good being subverted by the demands for economic growth. Edited January 10, 2014 by wym Link to comment Share on other sites More sharing options...
NeverSure Posted January 10, 2014 Share Posted January 10, 2014 Actually the US is not the largest buyer of UK exports, neither is the it the main buyer of Thai exports and nor is it the largest buyer of China's exports, apart from things your post is somewhat correct, except the fact that the European Union is the worlds largest economy, no the US. You can't read a chart. The large circles are change numbers. The actual trading dollars are printed in blue/cyan. The US is #1 at 37.1 bn pounds. Thailand's major export partners are China (12 percent), Japan (10 percent), the United States (10 percent) and the European Union (9.5 percent).http://en.wikipedia.org/wiki/List_of_the_largest_trading_partners_of_China http://en.wikipedia.org/wiki/List_of_countries_by_GDP_%28nominal%29 The EU isn't a country. It is a group of 28 tiny, insignificant countries. Link to comment Share on other sites More sharing options...
chiang mai Posted January 10, 2014 Share Posted January 10, 2014 (edited) And you mean 31.7 not 37.1, I guess! Regardless, the EU is a unit, it is a market and it has its own currency, just like the US is a collection of insignificant states where the sum of the parts.... with similar ideas and a single currency, end of. Edited January 10, 2014 by chiang mai Link to comment Share on other sites More sharing options...
jacko45k Posted January 10, 2014 Share Posted January 10, 2014 The EU isn't a country. It is a group of 28 tiny, insignificant countries. That builds better aircraft. Link to comment Share on other sites More sharing options...
Bender Posted January 10, 2014 Share Posted January 10, 2014 The EU isn't a country. It is a group of 28 tiny, insignificant countries. That builds better aircraft. and also EU provide better healthcare, education, infrastucture, etc etc... actually US is in the same league with Thailand Link to comment Share on other sites More sharing options...
ultimate weapon Posted January 10, 2014 Author Share Posted January 10, 2014 Tracking does not poison groundwater. You are not up-to-date on your science. By the way, China is a communist nation and their air and water is putrid by typical capitalist standards. Sent from my iPad using Thaivisa Connect Thailand MOre biasness i see. Why is china's air and water putrid? They are communist. Might as well rush in and say they are chinese too. Link to comment Share on other sites More sharing options...
thailiketoo Posted January 10, 2014 Share Posted January 10, 2014 The EU isn't a country. It is a group of 28 tiny, insignificant countries. That builds better aircraft. and also EU provide better healthcare, education, infrastucture, etc etc... actually US is in the same league with Thailand You wrote, "and also EU provide better healthcare, education, infrastucture, etc etc... actually US is in the same league with Thailand" The USA is a third world country ya sure. But what does this have to do with the value of the Thai baht? 1 Link to comment Share on other sites More sharing options...
soomak Posted January 10, 2014 Share Posted January 10, 2014 (edited) Actually the US is not the largest buyer of UK exports, neither is the it the main buyer of Thai exports and nor is it the largest buyer of China's exports, apart from things your post is somewhat correct, except the fact that the European Union is the worlds largest economy, no the US. You can't read a chart. The large circles are change numbers. The actual trading dollars are printed in blue/cyan. The US is #1 at 37.1 bn pounds. Thailand's major export partners are China (12 percent), Japan (10 percent), the United States (10 percent) and the European Union (9.5 percent).http://en.wikipedia.org/wiki/List_of_the_largest_trading_partners_of_China http://en.wikipedia.org/wiki/List_of_countries_by_GDP_%28nominal%29 The EU isn't a country. It is a group of 28 tiny, insignificant countries. Germany, France, UK and Italy are not tiny (in terms of population) and certainly not insignificant. All four are in the world's top 10 largest economies: http://en.wikipedia.org/wiki/List_of_countries_by_GDP_%28nominal%29 They also have strong armies and France & UK have nuclear weapons, so nobody can ignore them just yet (maybe in 30 years this will change). http://www.businessinsider.com/10-most-powerful-militaries-in-the-world-2013-6?op=1 Edited January 10, 2014 by soomak Link to comment Share on other sites More sharing options...
chiang mai Posted January 10, 2014 Share Posted January 10, 2014 wheeee! Link to comment Share on other sites More sharing options...
thailiketoo Posted January 10, 2014 Share Posted January 10, 2014 (edited) Actually the US is not the largest buyer of UK exports, neither is the it the main buyer of Thai exports and nor is it the largest buyer of China's exports, apart from things your post is somewhat correct, except the fact that the European Union is the worlds largest economy, no the US. You can't read a chart. The large circles are change numbers. The actual trading dollars are printed in blue/cyan. The US is #1 at 37.1 bn pounds. Thailand's major export partners are China (12 percent), Japan (10 percent), the United States (10 percent) and the European Union (9.5 percent).http://en.wikipedia.org/wiki/List_of_the_largest_trading_partners_of_China http://en.wikipedia.org/wiki/List_of_countries_by_GDP_%28nominal%29 The EU isn't a country. It is a group of 28 tiny, insignificant countries. Germany, France, UK and Italy are not tiny (in terms of population) and certainly not insignificant. All four are in the world's top 10 largest economies: http://en.wikipedia.org/wiki/List_of_countries_by_GDP_%28nominal%29 They also have strong armies and France & UK have nuclear weapons, so nobody can ignore them just yet (maybe in 30 years this will change). http://www.businessinsider.com/10-most-powerful-militaries-in-the-world-2013-6?op=1 I'm reading this thread because I have a major investment pay off soon and I'm trying to decide when to put the money in Thai Baht. What does knowing the above information have to do with the Thai Baht? Am I missing something? In the past couple of days the value of the Baht has gone up. Is that because of the good news? Edited January 10, 2014 by thailiketoo Link to comment Share on other sites More sharing options...
FiftyTwo Posted January 10, 2014 Share Posted January 10, 2014 Am I missing something? In the past couple of days the value of the Baht has gone up. Is that because of the good news? Today it was 54.2/GBP That's about the best in 4 years. It will keep losing against the GBP until at least 60. Civil war is approaching, with a high chance of a large death toll. Foreign investors are moving their money out, at the moment the only way is down. Link to comment Share on other sites More sharing options...
thailiketoo Posted January 10, 2014 Share Posted January 10, 2014 (edited) Am I missing something? In the past couple of days the value of the Baht has gone up. Is that because of the good news? Today it was 54.2/GBP That's about the best in 4 years. It will keep losing against the GBP until at least 60. Civil war is approaching, with a high chance of a large death toll. Foreign investors are moving their money out, at the moment the only way is down. Why will the GBP go to 60? And where do you get the foreign investment report? Edited January 10, 2014 by thailiketoo Link to comment Share on other sites More sharing options...
chiang mai Posted January 10, 2014 Share Posted January 10, 2014 Am I missing something? In the past couple of days the value of the Baht has gone up. Is that because of the good news? Today it was 54.2/GBP That's about the best in 4 years. It will keep losing against the GBP until at least 60. Civil war is approaching, with a high chance of a large death toll. Foreign investors are moving their money out, at the moment the only way is down. Why will the GBP go to 60? And where do you get the foreign investment report? He found it when he opened his box of coco-pops this morning! Link to comment Share on other sites More sharing options...
sam sen Posted January 10, 2014 Share Posted January 10, 2014 Pah....£ took a tumble yesterday. Did someone prod Merv King with a stick! assume you mean mark carney? Link to comment Share on other sites More sharing options...
GinBoy2 Posted January 10, 2014 Share Posted January 10, 2014 Political instability is always bad for currencies, remember a lot of trading is based on fear, nothing to do with real economics, holders of the currency just bolt into reserve currencies. Sooner or later however, BoT will have to either jack up interest rates or start buying Baht to support the currency. The trick to all of this is guessing what's BoT's threshold for intervention. Link to comment Share on other sites More sharing options...
ultimate weapon Posted January 10, 2014 Author Share Posted January 10, 2014 fx traders short the bht. Link to comment Share on other sites More sharing options...
thailiketoo Posted January 10, 2014 Share Posted January 10, 2014 fx traders short the bht. fx traders long the bht. Link to comment Share on other sites More sharing options...
ultimate weapon Posted January 10, 2014 Author Share Posted January 10, 2014 fx traders short the bht. fx traders long the bht. thb will never be the currency in front of a pair. 1 Link to comment Share on other sites More sharing options...
thailiketoo Posted January 10, 2014 Share Posted January 10, 2014 fx traders short the bht. fx traders long the bht. thb will never be the currency in front of a pair. Did you really miss my point? OK. It is ignorant to say Short the baht. Ignorant and meaningless with no explanation of why. Taking any baht position, long or short is meaningless with no explanation of why. Link to comment Share on other sites More sharing options...
ultimate weapon Posted January 10, 2014 Author Share Posted January 10, 2014 fx traders short the bht. fx traders long the bht. thb will never be the currency in front of a pair. Did you really miss my point? OK. It is ignorant to say Short the baht. Ignorant and meaningless with no explanation of why. Taking any baht position, long or short is meaningless with no explanation of why. bht value falls so short it. Straightforward enough. Link to comment Share on other sites More sharing options...
thailiketoo Posted January 10, 2014 Share Posted January 10, 2014 (edited) fx traders long the bht. thb will never be the currency in front of a pair. Did you really miss my point? OK. It is ignorant to say Short the baht. Ignorant and meaningless with no explanation of why. Taking any baht position, long or short is meaningless with no explanation of why. bht value falls so short it. Straightforward enough. Your opinion is wrong. Straightforward enough? See now? Your post makes no sense. We all know what the baht did yesterday. Tell us what it is going to do tomorrow and why and for how long. Edited January 10, 2014 by thailiketoo Link to comment Share on other sites More sharing options...
FiftyTwo Posted January 10, 2014 Share Posted January 10, 2014 i told you what it wil do. no need for explanation, i will be right or wrong. ps so far cm has alwas been wrong, i have always been right. cm provides reasons for his thoughts, i dont who you gonna call ..... Link to comment Share on other sites More sharing options...
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