BernieOnTour Posted December 17, 2014 Share Posted December 17, 2014 The Thais always seem to figure out something. So which nationalities (other than Chinese) will REPLACE these vanishing Russkies? I asked this question also to my property agent: acc. to him, the investments from Russians are going down, but those from Indians! and Arabs are continously rising. Guess, which I would prefer... ever stayed on the same hotel floor with Indians and Arabs? Link to comment Share on other sites More sharing options...
Jingthing Posted December 17, 2014 Share Posted December 17, 2014 The Thais always seem to figure out something. So which nationalities (other than Chinese) will REPLACE these vanishing Russkies? I asked this question also to my property agent: acc. to him, the investments from Russians are going down, but those from Indians! and Arabs are continously rising. Guess, which I would prefer... ever stayed on the same hotel floor with Indians and Arabs? MUCH better food! Link to comment Share on other sites More sharing options...
OMGImInPattaya Posted December 17, 2014 Share Posted December 17, 2014 (edited) The Thais always seem to figure out something. So which nationalities (other than Chinese) will REPLACE these vanishing Russkies? I asked this question also to my property agent: acc. to him, the investments from Russians are going down, but those from Indians! and Arabs are continously rising. Guess, which I would prefer... ever stayed on the same hotel floor with Indians and Arabs? And what do the Arabs have to sell on the world market that's different from the Ruskies? Are the Arabs now gonna finance their Thai holidays and condo purchases by selling dates? Edited December 17, 2014 by OMGImInPattaya Link to comment Share on other sites More sharing options...
fforest1 Posted December 17, 2014 Share Posted December 17, 2014 Link to comment Share on other sites More sharing options...
Howiehotspur Posted December 17, 2014 Share Posted December 17, 2014 Hopefully me renting a place out for 6 -12 months next year in pattaya Or Jonteim , I might get a good deal seeing as though the agents might be a little desperate ? .. What do you reckon .. Link to comment Share on other sites More sharing options...
cooked Posted December 17, 2014 Share Posted December 17, 2014 ISIS is getting interested in Tscechenia, that'll keep him busy. Link to comment Share on other sites More sharing options...
KhunBENQ Posted December 18, 2014 Share Posted December 18, 2014 The "other" English language newspaper has an article about the decrease in Russian tourists. Google for "Russians Pattaya miss". Link to comment Share on other sites More sharing options...
chris2004 Posted December 18, 2014 Share Posted December 18, 2014 Hopefully me renting a place out for 6 -12 months next year in pattaya Or Jonteim , I might get a good deal seeing as though the agents might be a little desperate ? .. What do you reckon .. If it's in a half finished Russian dominated development i don't think you will want it. Link to comment Share on other sites More sharing options...
bender92 Posted December 18, 2014 Share Posted December 18, 2014 1 THB = 2 rouble now. Complete crash today and interest rates are up to 17% there. You'll only find Russians in 7 elevens and Tesco from now on , maybe they can afford to buy water and bread . 7-11 too hi-so, water cost 10 baht for a small bottle there. I predict long lines of Ruskies filling up at the water machines around town, where it's 1-2 baht a litre ? As for bread...the same, more likely a family of four buys a 5 baht packet of Khow niow to share amoungst themselves along with a fried chicken wing. It's really too bad for them really but that's what you get when you take on the United States...you get slapped down! They should never have vote in the Putin petty dictator. Sanctions are helping but mainly it is the big drop in oil price. Venezuela is hurting too. Link to comment Share on other sites More sharing options...
bender92 Posted December 18, 2014 Share Posted December 18, 2014 The Thais always seem to figure out something. So which nationalities (other than Chinese) will REPLACE these vanishing Russkies? I asked this question also to my property agent: acc. to him, the investments from Russians are going down, but those from Indians! and Arabs are continously rising.Guess, which I would prefer... ever stayed on the same hotel floor with Indians and Arabs? And what do the Arabs have to sell on the world market that's different from the Ruskies? Are the Arabs now gonna finance their Thai holidays and condo purchases by selling dates? I think the Arabs sell oil in US dollars, so the price per barrel is down but they have volume. Link to comment Share on other sites More sharing options...
Loptr Posted December 18, 2014 Share Posted December 18, 2014 The ruble fell a whopping 11% on Monday. 48% depreciation on the year. Say by by to our Russian visitors. Putin is counting on the rebound in oil prices. What can he do get the oil price to move? Sink a US Carrier in the Persian Gulf? This could be dangerous. The Ruble has lost 21% against the USD in the last 2 days... Over 50% in this year alone... Funny, because it's the USD that should be tanking and not the Ruble... As long as the central bankers can print $$$, they will, to keep the derivatives bubble from popping... This too shall change... Link to comment Share on other sites More sharing options...
Naam Posted December 18, 2014 Share Posted December 18, 2014 The ruble fell a whopping 11% on Monday. 48% depreciation on the year. Say by by to our Russian visitors. Putin is counting on the rebound in oil prices. What can he do get the oil price to move? Sink a US Carrier in the Persian Gulf? This could be dangerous. The Ruble has lost 21% against the USD in the last 2 days... Over 50% in this year alone... Funny, because it's the USD that should be tanking and not the Ruble... As long as the central bankers can print $$$, they will, to keep the derivatives bubble from popping... This too shall change... for the record: the Ruble gained 11.6% vs. US-Dollar in the last 1½ days Link to comment Share on other sites More sharing options...
Naam Posted December 18, 2014 Share Posted December 18, 2014 The Ruble has lost 21% against the USD in the last 2 days... Over 50% in this year alone... Funny, because it's the USD that should be tanking and not the Ruble... As long as the central bankers can print $$$, they will, to keep the derivatives bubble from popping... This too shall change... please show me one currency that did not tank vs. USD in 2014 Link to comment Share on other sites More sharing options...
Loptr Posted December 18, 2014 Share Posted December 18, 2014 The Ruble has lost 21% against the USD in the last 2 days... Over 50% in this year alone... Funny, because it's the USD that should be tanking and not the Ruble... As long as the central bankers can print $$$, they will, to keep the derivatives bubble from popping... This too shall change... for the record: the Ruble gained 11.6% vs. US-Dollar in the last 1½ days USDRUB.JPG There are lies, damned lies and statistics... Take you pick.... You know as well as I do that this move in the RUB was based on the short squeeze when they announced the rate hike to 17.5%... http://wbponline.com/Articles/View/38286/usd-rub-ruble-jumps-for-2nd-straight-day-on-verbal-assurances Moscow - The ruble headed for a much needed two-day gain on Monday, recovering from a three month slump that led to a 21% depreciation against the dollar, falling 7.1% during the last week alone. http://www.bbc.com/news/business-30490082 Russia's central bank made a drastic interest rate move overnight, raising its key rate from 10.5% to 17%. The bank said the move was to try to ease the rouble's recent fall in value. The rouble has lost almost 50% against the US dollar this year as falling oil prices and Western sanctions continue to weigh on the country's economy. 1 Link to comment Share on other sites More sharing options...
tropo Posted December 18, 2014 Share Posted December 18, 2014 The Ruble has lost 21% against the USD in the last 2 days... Over 50% in this year alone... Funny, because it's the USD that should be tanking and not the Ruble... As long as the central bankers can print $$$, they will, to keep the derivatives bubble from popping... This too shall change... please show me one currency that did not tank vs. USD in 2014 The THB. Averaging about the same this month as in January 2014. Link to comment Share on other sites More sharing options...
Naam Posted December 18, 2014 Share Posted December 18, 2014 The Ruble has lost 21% against the USD in the last 2 days... Over 50% in this year alone... Funny, because it's the USD that should be tanking and not the Ruble... As long as the central bankers can print $$$, they will, to keep the derivatives bubble from popping... This too shall change... please show me one currency that did not tank vs. USD in 2014 The THB. Averaging about the same this month as in January 2014. touché! Link to comment Share on other sites More sharing options...
Naam Posted December 18, 2014 Share Posted December 18, 2014 The Ruble has lost 21% against the USD in the last 2 days... Over 50% in this year alone... Funny, because it's the USD that should be tanking and not the Ruble... As long as the central bankers can print $$$, they will, to keep the derivatives bubble from popping... This too shall change... for the record: the Ruble gained 11.6% vs. US-Dollar in the last 1½ days USDRUB.JPG There are lies, damned lies and statistics... Take you pick.... You know as well as I do that this move in the RUB was based on the short squeeze when they announced the rate hike to 17.5%... http://wbponline.com/Articles/View/38286/usd-rub-ruble-jumps-for-2nd-straight-day-on-verbal-assurances Moscow - The ruble headed for a much needed two-day gain on Monday, recovering from a three month slump that led to a 21% depreciation against the dollar, falling 7.1% during the last week alone. http://www.bbc.com/news/business-30490082 Russia's central bank made a drastic interest rate move overnight, raising its key rate from 10.5% to 17%. The bank said the move was to try to ease the rouble's recent fall in value. The rouble has lost almost 50% against the US dollar this year as falling oil prices and Western sanctions continue to weigh on the country's economy. what i know "dàmn well" is that the Ruble appreciated from 16dec 13.05 GMT till 18dec 11.50 Thai time exactly 22.47% case closed Link to comment Share on other sites More sharing options...
alocacoc Posted December 18, 2014 Share Posted December 18, 2014 On the flip side, plenty of Russians bought tons of condos in Thailand. Now the value of the units almost doubled in notime. 1 Link to comment Share on other sites More sharing options...
prk888 Posted December 18, 2014 Share Posted December 18, 2014 never a profit or a loss until they sell ........................... if they can sell ................. 2 Link to comment Share on other sites More sharing options...
OMGImInPattaya Posted December 18, 2014 Share Posted December 18, 2014 never a profit or a loss until they sell ........................... if they can sell ................. Yep...and I say narry likely a Russian buyer to be found now and who else would want all the new theme condo complexes they've been flogging to the Ruskies the past few years. If the Russian buyers ever return it will be when their currency has recovered and so when the sales begin again there will be little to no net foreign currency gain. Link to comment Share on other sites More sharing options...
Naam Posted December 18, 2014 Share Posted December 18, 2014 reading comments of resident experts and prophets is always extremely interesting Link to comment Share on other sites More sharing options...
tropo Posted December 18, 2014 Share Posted December 18, 2014 The Ruble has lost 21% against the USD in the last 2 days... Over 50% in this year alone... Funny, because it's the USD that should be tanking and not the Ruble... As long as the central bankers can print $$$, they will, to keep the derivatives bubble from popping... This too shall change... please show me one currency that did not tank vs. USD in 2014 The THB. Averaging about the same this month as in January 2014. touché! We can only hope. Military Coup and still going strong. The baht was stronger pre and post coup than during it. Link to comment Share on other sites More sharing options...
thailiketoo Posted December 18, 2014 Share Posted December 18, 2014 (edited) for the record: the Ruble gained 11.6% vs. US-Dollar in the last 1½ days USDRUB.JPG There are lies, damned lies and statistics... Take you pick.... You know as well as I do that this move in the RUB was based on the short squeeze when they announced the rate hike to 17.5%... http://wbponline.com/Articles/View/38286/usd-rub-ruble-jumps-for-2nd-straight-day-on-verbal-assurances Moscow - The ruble headed for a much needed two-day gain on Monday, recovering from a three month slump that led to a 21% depreciation against the dollar, falling 7.1% during the last week alone. http://www.bbc.com/news/business-30490082 Russia's central bank made a drastic interest rate move overnight, raising its key rate from 10.5% to 17%. The bank said the move was to try to ease the rouble's recent fall in value. The rouble has lost almost 50% against the US dollar this year as falling oil prices and Western sanctions continue to weigh on the country's economy. what i know "dàmn well" is that the Ruble appreciated from 16dec 13.05 GMT till 18dec 11.50 Thai time exactly 22.47% case closed Dec 15th 0.17 Dec 18th 0.17 Edited December 18, 2014 by thailiketoo Link to comment Share on other sites More sharing options...
thailiketoo Posted December 18, 2014 Share Posted December 18, 2014 (edited) There are lies, damned lies and statistics... Take you pick.... You know as well as I do that this move in the RUB was based on the short squeeze when they announced the rate hike to 17.5%... http://wbponline.com/Articles/View/38286/usd-rub-ruble-jumps-for-2nd-straight-day-on-verbal-assurances http://www.bbc.com/news/business-30490082 So how many day till the bank run starts in Russia. Jomtien banks have been loaded with Russians recently? Edited December 18, 2014 by thailiketoo Link to comment Share on other sites More sharing options...
CarlTyson Posted December 19, 2014 Share Posted December 19, 2014 Business Insider "Hotel room reservations from the Russian market have already dropped by 70% for this high season," Sanpetch Suppabawonsathien, president of the Thai Hotels Association"Read more: http://www.businessinsider.com/russian-tourists-market-slumps-in-thailand-2014-12 Link to comment Share on other sites More sharing options...
ToddinChonburi Posted December 19, 2014 Share Posted December 19, 2014 Obama just announced opening relations with Cuba, the soviet union is falling all over again. Link to comment Share on other sites More sharing options...
KittenKong Posted December 19, 2014 Share Posted December 19, 2014 I was very surprised by how quiet it was going from Jomtien to Pattaya last night. None of the packed baht-buses and queues of Russians trying to get on one that one normally sees at this time of year, and hardly any tailback of traffic. Walking around 2nd Rd/Beach Rd/ Sois 10-13 it all seemed very quiet indeed. More like September than the week before Christmas. 1 Link to comment Share on other sites More sharing options...
petercool Posted December 19, 2014 Share Posted December 19, 2014 Post using profanity removed Link to comment Share on other sites More sharing options...
i claudius Posted December 19, 2014 Share Posted December 19, 2014 reading comments of resident experts and prophets is always extremely interesting And you are not one of them Naam? 2 Link to comment Share on other sites More sharing options...
tropo Posted December 19, 2014 Share Posted December 19, 2014 I was very surprised by how quiet it was going from Jomtien to Pattaya last night. None of the packed baht-buses and queues of Russians trying to get on one that one normally sees at this time of year, and hardly any tailback of traffic. Walking around 2nd Rd/Beach Rd/ Sois 10-13 it all seemed very quiet indeed. More like September than the week before Christmas. It's hard to tell in Pattaya, but isn't there always a lull in the weeks before Christmas? Airfares are higher and people like to spend Christmas with their families back in Russia/Europe. January to April is usually busier. Link to comment Share on other sites More sharing options...
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