lovelomsak Posted December 9, 2014 Share Posted December 9, 2014 I have been thinking a lot lately how we now live in a fast changing world. Things that used to take years to happen now happen in months.With this in mind I was wondering ,do others here think maybe Thailand had the quickest cycle of economic growth ever known? Has Thailand gone full cycle and is headed backwards. A very short span of time when the populace had access to wealth and because of reasons unknown to me seems to be headed for a depression not a recession. In my humble opion for Thailand to sustain its growth it must pay the labour more.Labour class is the consumer class. No buyers no sales,no work , no economy. The labour class has already used up all their credit most households are overly in debt. Deficit budget has been maxxed. Seven year truck loans,30 year house mortgages, unlimited timed student loans. Now credit card debt. All on small incomes. The margin has been met. Will they go the road of the US and simply print money and hand it out so people can purchase goods?What do others think here.Whats the answer to this fine countries financial problems. I am too much a layman to know. So seek the understanding of the more learned folks here at Thaivisa, to help me comprehend this. 1 Link to comment Share on other sites More sharing options...
NeverSure Posted December 9, 2014 Share Posted December 9, 2014 I agree the Thai economy might be in trouble. Beyond that, what you wrote is confused gibberish. 2 Link to comment Share on other sites More sharing options...
David48 Posted December 9, 2014 Share Posted December 9, 2014 I agree the Thai economy might be in trouble. Beyond that, what you wrote is confused gibberish. NS ... I would be less Diplomatic. You are a gentleman ... 1 Link to comment Share on other sites More sharing options...
MrWorldwide Posted December 9, 2014 Share Posted December 9, 2014 I can only add this to the contributions made by my esteemed colleagues - both men with considerable experience dealing with doomsayers and crystal ball salesmen - until you can produce links to credible data, please dont start these threads. Have a nice day. 1 Link to comment Share on other sites More sharing options...
ExPratt Posted December 9, 2014 Share Posted December 9, 2014 I don't think any country other than the US could take such liberties with printing money at such a rate and get away with it. Can you imagine if they start churning out Baht , people will be rolling cigarettes with it 1 Link to comment Share on other sites More sharing options...
Soutpeel Posted December 9, 2014 Share Posted December 9, 2014 I think the OP's first mistake was thinking a lot 2 Link to comment Share on other sites More sharing options...
MrWorldwide Posted December 9, 2014 Share Posted December 9, 2014 China and Japan hold the key to Thailand's economic future, and that of several other countries in the region - let's just think happy thoughts about their continued willingness to buy what Thailand is selling. Link to comment Share on other sites More sharing options...
SheungWan Posted December 9, 2014 Share Posted December 9, 2014 'Things that used to take years, now happen in months'. Tepid thoughts coming from a bar near you. 1 Link to comment Share on other sites More sharing options...
lovelomsak Posted December 10, 2014 Author Share Posted December 10, 2014 Thanks to all that replied. Like Soutpool said maybe the problem is thinking too much. Link to comment Share on other sites More sharing options...
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