Mosha
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Post by Mosha on Mar 21, 2024 12:26:35 GMT 7
46 to the £
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rott
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Post by rott on Mar 21, 2024 12:51:21 GMT 7
We'll all be millionaires. Well those of us who aren't there already.
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smokie36
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Post by smokie36 on Mar 22, 2024 2:50:05 GMT 7
We'll all be millionaires. Well those of us who aren't there already. I'm a Baht millionaire Rodney!! |
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chiangmai
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Post by chiangmai on Mar 22, 2024 6:41:13 GMT 7
The Baht looks like it's toast and I no longer care.
Here's a thought. The Japanese car companies don't repatriate their earnings from Thailand, because the interest rate back in Japan is negative, it's better to leave the money here. But now the Japanese experiment with economics is coming to an end and rates are no longer negative......whupsadaisy! Perhaps if somebody has a calculator to hand, they can figure out the impact when the Japs sell a tradzilliongillian THB for YEN or USD and ship it back to Tojo land.
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Mosha
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Post by Mosha on Mar 22, 2024 10:46:19 GMT 7
The Baht looks like it's toast and I no longer care. Here's a thought. The Japanese car companies don't repatriate their earnings from Thailand, because the interest rate back in Japan is negative, it's better to leave the money here. But now the Japanese experiment with economics is coming to an end and rates are no longer negative......whupsadaisy! Perhaps if somebody has a calculator to hand, they can figure out the impact when the Japs sell a tradzilliongillian THB for YEN or USD and ship it back to Tojo land. Japanese interest rates were raised a few days ago to 0.1% |
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rott
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Post by rott on Mar 23, 2024 11:36:40 GMT 7
Effing Japs.
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chiangmai
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Post by chiangmai on Mar 25, 2024 17:17:47 GMT 7
A picture and a sobering thought (gawd knows some of you need the latter....you know who you are):  Above is the US money supply growth since, well, the start of modern times really. The alert, astute (and sober) amongst you will notice that it has only gone negative on four occasions and each time, really really bad stuff happened. Occasion number 5 is on the right of the graph.......that's now! |
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Mosha
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Post by Mosha on Apr 3, 2024 10:54:15 GMT 7
At 50 plus to the £, where does it go next? I'm pretty certain that 50 is only a pipe dream, my money bets it won't get close to that. BOT just loosened currency controls again, that's a move aimed at weakening the Baht. You have to ask if they would have done that, had they thought the Baht was going to weaken naturally anyway, clearly the answer is no. So 10 months on, and I've seen forecasts north of 50 to the £ by Christmas. |
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chiangmai
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Post by chiangmai on Apr 3, 2024 14:51:01 GMT 7
I'm pretty certain that 50 is only a pipe dream, my money bets it won't get close to that. BOT just loosened currency controls again, that's a move aimed at weakening the Baht. You have to ask if they would have done that, had they thought the Baht was going to weaken naturally anyway, clearly the answer is no. So 10 months on, and I've seen forecasts north of 50 to the £ by Christmas. 36.55 against USD with USD at 105%, hmmm, what happens after the elections in November may change things. And not sure why GBP is so rosy at 36.45, elections may well change that one also. 50 by Xmas you say, all the plants will have to align for that one.....my money says, no way Jose.  |
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Mosha
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Post by Mosha on Apr 3, 2024 18:01:22 GMT 7
The government is lowering the VAT bracket, so that even something costing 1 Baht will be subject to VAT. Supposedly aimed at imports by the likes of Lazada, and Shopee
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chiangmai
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Post by chiangmai on Apr 3, 2024 18:23:10 GMT 7
The government is lowering the VAT bracket, so that even something costing 1 Baht will be subject to VAT. Supposedly aimed at imports by the likes of Lazada, and Shopee 7% VAT on imported goods, they're targeting the cheap Chinese stuff. |
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smokie36
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Post by smokie36 on Apr 3, 2024 21:56:04 GMT 7
So 10 months on, and I've seen forecasts north of 50 to the £ by Christmas. 36.55 against USD with USD at 105%, hmmm, what happens after the elections in November may change things. And not sure why GBP is so rosy at 36.45, elections may well change that one also. 50 by Xmas you say, all the plants will have to align for that one.....my money says, no way Jose. 75 in 2030 please CM and I can wave goodbye to the UK and finally retire in style. |
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chiangmai
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Post by chiangmai on Apr 4, 2024 5:28:10 GMT 7
36.55 against USD with USD at 105%, hmmm, what happens after the elections in November may change things. And not sure why GBP is so rosy at 36.45, elections may well change that one also. 50 by Xmas you say, all the plants will have to align for that one.....my money says, no way Jose. 75 in 2030 please CM and I can wave goodbye to the UK and finally retire in style. Be careful what you wish for. The Pound at 75 would mean the Thai economy is in dire straights and people will be hurting, badly. It would also mean rampant uncontrolled inflation. |
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rubl
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Post by rubl on Apr 4, 2024 11:35:48 GMT 7
75 in 2030 please CM and I can wave goodbye to the UK and finally retire in style. Be careful what you wish for. The Pound at 75 would mean the Thai economy is in dire straights and people will be hurting, badly. It would also mean rampant uncontrolled inflation. and maybe some officials will take more literal "double taxation agreement".  |
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smokie36
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Post by smokie36 on Apr 4, 2024 12:29:41 GMT 7
75 in 2030 please CM and I can wave goodbye to the UK and finally retire in style. Be careful what you wish for. The Pound at 75 would mean the Thai economy is in dire straights and people will be hurting, badly. It would also mean rampant uncontrolled inflation. 'M ok with seeing extreme poverty as long as Parker maintains a constand speed of 30 km/h |
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Jan 4, 2023 21:15:53 GMT 7
Jan 4, 2023 21:15:53 GMT 7
