chiangmai
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Post by chiangmai on Apr 17, 2024 3:05:21 GMT 7
USD DI is up to 106.36, EM currencies are getting crushed. Why? Because US inflation is sticky and refuses to get back to 2%, the possibility of higher for longer is very real, potentially even an increase. Plus oil is pushing 90, that's a bad combo for Thailand. If Thailand doesn't increase petrol prices, the Fuel Subsidy Fund will start to look like the national debt. The hon PM couldn't pick a worse time to borrow money for the giveaway. The big questions are how badly will increased oil prices effect flight ticket costs and tourist numbers. And whether the unfolding ME war will reroute exports and reduce them. Good news for expats however, 50 is defo on the horizon. The real looser is Biden, who may not be seen as the economic saviour he hoped for in order to win the US election. Still, with Trump on trial (yea) there's hopes yet that he might get to visit the big house and hence, become unavailable.
In other news, we had a nice one hour + deluge up here in smogland, a proper soaking and the garden said thanks.
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rott
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Post by rott on Apr 17, 2024 9:14:33 GMT 7
I have a mate from the Nakhonn there on holiday this very week. He tells me many bars offer 3 large Chang for 270. One does a pint of draught Tiger for 80, all day not happy hour.!!!
Goes a long to explaining your reluctance to relocate.
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chiangmai
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Post by chiangmai on Apr 17, 2024 20:40:45 GMT 7
Ambrose Evans Pritchard is a an outstanding economist who I've been reading for almost 20 years. He writes a column in the Telegraph which is linked below. If it appears to be behind a paywall, install adblock or ghostery and it wont be any more! In the link below, Ambrose discusses the gold price that is now going from high to new high. The questions he asks are, who is buying and why. The who is fairly easy: the volumes involved can't be even the worlds richest person so it's an entity rather than a person. It's not a Central Bank because that would be easily seen and the purchases are not being made OTC or in traditional ways. The last piece of info is interesting, the buyer doesn't care about price so this is not about making a profit today, in fact, they are completely price desensitised. It's not Russia because they don't have the money so that leaves only one or two possible players, China or a ME country. Next is the why? A collapse in USD is one possible answer, war is a most likely second answer. Read the article, Ambrose is very good. www.telegraph.co.uk/business/2024/04/16/gold-price-surge-china-warchest-geopolitical-dystopia/ |
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chiangmai
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Post by chiangmai on Apr 18, 2024 5:52:11 GMT 7
Ambrose Evans Pritchard is a an outstanding economist who I've been reading for almost 20 years. He writes a column in the Telegraph which is linked below. If it appears to be behind a paywall, install adblock or ghostery and it wont be any more! In the link below, Ambrose discusses the gold price that is now going from high to new high. The questions he asks are, who is buying and why. The who is fairly easy: the volumes involved can't be even the worlds richest person so it's an entity rather than a person. It's not a Central Bank because that would be easily seen and the purchases are not being made OTC or in traditional ways. The last piece of info is interesting, the buyer doesn't care about price so this is not about making a profit today, in fact, they are completely price desensitised. It's not Russia because they don't have the money so that leaves only one or two possible players, China or a ME country. Next is the why? A collapse in USD is one possible answer, war is a most likely second answer. Read the article, Ambrose is very good. www.telegraph.co.uk/business/2024/04/16/gold-price-surge-china-warchest-geopolitical-dystopia/I forgot to add the important part: Holding gold lessens China's dependence on USD so that after they invade Taiwan, the US won't be able to apply sanctions easily, as they did with Russia. |
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siampolee
Detective
Alive alive O
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Post by siampolee on Apr 18, 2024 15:39:04 GMT 7
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chiangmai
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Post by chiangmai on Apr 18, 2024 16:54:32 GMT 7
The Guv wants to keep his job, don't he!
It is of course election year, naturally, everything would be going swimmingly, wouldn't it.
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rubl
Crazy Mango Extraordinaire
The wondering type
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Post by rubl on Apr 18, 2024 17:17:41 GMT 7
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chiangmai
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Post by chiangmai on Apr 19, 2024 5:11:30 GMT 7
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chiangmai
Crazy Mango Extraordinaire
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Likes: 5,700
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Post by chiangmai on Apr 20, 2024 8:51:28 GMT 7
Borrocks! Equities are down the pan and somebody is about to flush.
USD at 106, urgh.
The good news is that pensioners in Thailand will be happy, about the only sector of the population who will be.
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siampolee
Detective
Alive alive O
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Post by siampolee on Apr 20, 2024 9:06:46 GMT 7
Let's boogie baby...   |
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chiangmai
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Post by chiangmai on Apr 20, 2024 17:07:52 GMT 7
Just think, 55 years ago they were all probably at Woodstock.
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Mosha
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Post by Mosha on Apr 20, 2024 18:37:01 GMT 7
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siampolee
Detective
Alive alive O
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The Baht
Apr 20, 2024 19:40:35 GMT 7
via mobile
Post by siampolee on Apr 20, 2024 19:40:35 GMT 7
Thailand has a Prime Minister who is in truth Napoleon the Third.
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Mosha
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Post by Mosha on Apr 24, 2024 7:35:27 GMT 7
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Mosha
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Post by Mosha on Apr 29, 2024 12:41:13 GMT 7
46.40+. My company pension was sent too early, but old farts pension is due early May
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