siampolee
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Post by siampolee on Aug 25, 2023 10:14:18 GMT 7
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Mosha
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Post by Mosha on Aug 25, 2023 10:18:46 GMT 7
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chiangmai
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Post by chiangmai on Aug 25, 2023 12:15:36 GMT 7
Hmmm, Id prune my reading list if I was you Mosha, that reads like the Thai version of the National Enquirer! |
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chiangmai
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Post by chiangmai on Aug 26, 2023 4:06:44 GMT 7
The papers are making a big deal out of monthly exports having fallen during July from USD 23.6 bill. last year, down to US 22 bill bill. during July this year, I don't see the problem, unless you factor in the greed element! Average monthly exports have been running at over USD 20 bill per month since 2017, the recent numbers are nothing new and are certainly not poor in any way, even when compared against fairly recent figures. The main issue is the trade deficit which during July was USD 1.7 bill. The global economy is still recovering from the impact of covid, given that our trading partners are getting back on their feet, USD 1.7 nill. seems almost respectable to me.....but that's just me. tradingeconomics.com/thailand/balance-of-tradetradingeconomics.com/thailand/exports |
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chiangmai
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Post by chiangmai on Aug 26, 2023 7:25:26 GMT 7
I like Governor Sethaput and have a lot of time for his views, he's one of the few economists here that knows what he's doing. And of course he's right, economic and financial stimulus have to be joined at the hip or neither will work as intended, that's not exactly rocket science.
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siampolee
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Post by siampolee on Aug 26, 2023 10:26:13 GMT 7
Slightly adrift from ''Th Baht'' but one does wonder what effect these issues emanating from the EU may have upon the UK pound and possible exchange rates. Also another interesting link concerning the EU and one of its major self serving manipulators France to spend €200m on destroying excess wine as demand falls Fund aims to help struggling winemakers as they adjust to consumers’ changing habits Agence France-Presse in Paris Fri 25 Aug 2023 15.42 BST The French government has announced it is to set aside €200m to fund the destruction of surplus wine production in an attempt to support struggling producers and shore up prices. Several major wine-producing regions in France, particularly the Bordeaux area, are struggling because of a cocktail of problems including changes in consumption habits, the cost of living crisis and the after-effects of Covid-19. A fall in demand for wine has led to over-production, a sharp fall in prices, and major financial difficulties for up to one in three winemakers in the Bordeaux region, according to the local farmers’ association. An initial EU fund of €160m for wine destruction has been topped up to €200m by the French government, the agriculture minister, Marc Fesneau, told reporters on Friday.
www.express.co.uk/finance/personalfinance/1806092/germany-sick-man-europe-brexit-Britain-recession?utm_Item 2 courtesy of The Guardian the wet nurse of the middles class lefties. The link is an odd one so not posted |
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chiangmai
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Post by chiangmai on Aug 26, 2023 10:36:18 GMT 7
Jeeze H Krist! All they had to do was ship the wine here and the job would be done in no time, no 200 mill. expense plus a bunch of newly converted frog lovers too.
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siampolee
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Post by siampolee on Aug 26, 2023 10:45:21 GMT 7
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chiangmai
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Post by chiangmai on Aug 26, 2023 10:54:00 GMT 7
The UK is stuffed, big time.
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chiangmai
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Post by chiangmai on Aug 27, 2023 7:32:06 GMT 7
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chiangmai
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Post by chiangmai on Aug 28, 2023 8:26:11 GMT 7
A campaign pledge by the incumbent government promises to raise the minimum wage to 600 baht and to set a minimum starting wage of 25,000 per month for graduates. I guarantee that if those things happen, inflation will increase even further and the attractiveness of the Baht and Thailand as a holiday destination will fall, how can they possibly not.
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siampolee
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Post by siampolee on Aug 30, 2023 11:26:10 GMT 7
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rott
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Post by rott on Aug 30, 2023 12:14:36 GMT 7
A campaign pledge by the incumbent government promises to raise the minimum wage to 600 baht and to set a minimum starting wage of 25,000 per month for graduates. I guarantee that if those things happen, inflation will increase even further and the attractiveness of the Baht and Thailand as a holiday destination will fall, how can they possibly not. To be fair changers they did give themselves a few years grace on this. That is a few years for people to forget about it and/or concoct a plausible reason for a delay. |
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rott
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Post by rott on Sept 2, 2023 9:12:24 GMT 7
What's happened to that changers lad.?
Has he decided he's on holiday so he is excused duties for the duration.?
Well today is Saturday so there is some excuse, but he can't be kicking the arse out of it.
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chiangmai
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Post by chiangmai on Sept 2, 2023 10:11:16 GMT 7
Um, I don't think there's much to be said at the moment, although, the Payrolls and Unemployment report was issued last night in the US and they both make a case that US rates won't be increased further and potentially could even be reduced sooner than anticipated, if the trend continues. All that points towards a weaker Dollar which in turn points towards a stronger Baht, "potentially". On this side of the equation, the new governments intention to give away sack fulls of cash, doesn't bode well for inflation but will likely boost Consumer Spending and GDP, to which I say, whooppee!!! Which ever way you cut it, we're still looking for improved economics out of the US and China before this country improves economically and currency wise. According to the BOT economics report below, private consumption grew by 7.2% YoY in July whereas all the other indicators were quite low (except tourist arrivals wherein you can never have enough). All this seems to point at government giving away money to feed private consumption, which will lead to both government and consumers taking on more debt, I ask you, how can that even be a little bit sensible. www.bot.or.th/en/thai-economy.htmlAnd for anyone interested in the detail or suffering from insomnia, the Deloitte mid year report is linked below: www2.deloitte.com/th/en/pages/about-deloitte/articles/thailand-economic-outlook.htmlOne element of the above that is worth noting is the comparison between Thailand and the UK and the number of years it will take both countries to move from an ageing society to an aged society, the UK will take 45 years, Thailand will take 19 year. I can recommend looking at the birth-rate graphs by country on page 30, after which you should all get out there and do your bit. |
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