Mekong Posted February 27, 2008 Report Share Posted February 27, 2008 The YoYo did not exist pre-97 crash hence the reason it is not in my analogies! Link to comment Share on other sites More sharing options...
Old Hippie Posted February 28, 2008 Report Share Posted February 28, 2008 Ok, but as I said in another thread, many have been saying for years the Thai economy is propped up by over extension of credit, bad loans, and other issues. Many have said his, added to an unstable government should have lead to a collapse, which as of yet, has not occurred. Many have further argued that the Thai economy is losing out to China and Vietnam, foreign investment is down, all in all, the Thai economy isn't that great, just the U.S. economy is THAT bad...yet all major currencies seem to be weakening against the BHT, so what is going on? Link to comment Share on other sites More sharing options...
wonderlust Posted February 28, 2008 Report Share Posted February 28, 2008 All the Asian currencies are wildly undervalued against western currencies. Do you think your $20 fucks are based on a fair exchange rate? It doesn't matter what "many people" have been saying, the market is speaking in favour of stronger Asian currencies. Link to comment Share on other sites More sharing options...
Old Hippie Posted February 28, 2008 Report Share Posted February 28, 2008 OK, maybe I didn't say it right...I agree *SOME* Asian markets/currencies might be doing well, but aren't some doing better than Thailand? Yet aren't some currencies doing disproportionately better/worse than Thailand, which has problems the others don't have? Something doesn't seem right in Thailand right now, the corruption is up, the government is all screwed up, economic policies seem to not favor foreign investment, just read in BKKPost that Japan is holding off investment as the current policy is not favorable etc...all adds up to "NOT adding up..." But then economic theory is just that, a theory, NOT a science. Link to comment Share on other sites More sharing options...
nordicman Posted February 28, 2008 Report Share Posted February 28, 2008 Take a look at the price of gold in terms of Thai Baht. Gold is going up against virtually all currencies. Also, please tell me that prices in LOS are going down---sorry, I don't think so...therefore the baht's not really strenghtening. It is only relatively falling more slowly than the buck the Euro etc. Link to comment Share on other sites More sharing options...
drogon Posted February 28, 2008 Report Share Posted February 28, 2008 Hum the problem here in Europe is exactly the fact that the euro is too strong against other currencies.....And this is not me saying it but the governments and some people at the European central bank unlike the dollars and the uk pounds for example. This seems to hurt some European countries not the contrary. The asumption that all currencies are "falling" (against what? Because depreciation of a currency is in reference to other currencies or at least that is what I understood at uni) If the bht gets really too strong against all other major currencies then this is Thailand which will suffer. (exportation and tourism remember?) I have very little understanding of economy but if you read western newspapers then you would realize that although the uk pound and the USD are weakening against the euro so is the yen and other major currencies. (except the Swiss of course hehehe) At the moment the bht seems to benefit from a very high exchange rates speculation, let's see what the future will tell. (and for me this is a good thing if the bht is strengthening against other western currencies, for private reasons) Link to comment Share on other sites More sharing options...
Old Hippie Posted February 29, 2008 Report Share Posted February 29, 2008 I read something in an aviation journal about Airbus fearing the Euro passing the $1.50 mark, which it has, claiming it would really hurt them, as their contracts are negotiated in dollars, and their costs (labor materials (some) etc are paid in Euros. One bright note, the USD$$ is such crap now, that all the off shoring of work, is not so profitable, in some cases, it is equal to the cost here when transport and lost time are considered... Conspiracy note, I also recall reading about a currency combining USA, Central and South America...and or even a global currency or a set currency among major trading partners...could all be a push to collapse major currencies and form a new one? or maybe a conspiracy to break up the Euro/E.U.? Link to comment Share on other sites More sharing options...
cavanami Posted February 29, 2008 Report Share Posted February 29, 2008 Note on the Conspiracy note: It seems like the US gov wants to keep the dollar in the dirt so the US citizens do not leave the USA. This way the citizens are spending all their money within the USA Go to LOS for sun and fun...can't do it, too expensive. Go To LOS (and others) for cheap medical procedures, can't do it, too expensive, to the citizens are forced to pay the super high medical insurance rates! Link to comment Share on other sites More sharing options...
Stickman Posted February 29, 2008 Report Share Posted February 29, 2008 My eyes just about popped out of my head. The baht gained against the US dollar by 1% in the last hour. Now in Bangkok, for $US100 you will get just 3,103 baht! 31.03 is the rate for US cash...appalling! http://www.bangkokbank.com/Bangkok+Bank/Web+Services/Rates/FX+Rates.htm Link to comment Share on other sites More sharing options...
wonderlust Posted February 29, 2008 Report Share Posted February 29, 2008 The pound is going even more tits up, even weakening against the dollar. Could fall below 60 baht in the next week or so. Don't you just love these running commentaries on the currency markets? Link to comment Share on other sites More sharing options...
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