Hardy641 Posted June 10, 2008 Report Share Posted June 10, 2008 Instead of coming with a clear strategy and policy, the BOT excels with inactivity and without practical concept. Thaksinâ??s nominee government is just busy in securing power and trying to get their master of the hook. No comprehensible measures to counter urgent problems threatening the economy. The ongoing street protests organized by the PAD can be seen as a good sign that Thailandâ??s democracy is finally maturing. However they are poison for the economy. But wait; these arenâ??t the reasons for the looming economic slowdown/crisis. Wrong are of course once again the (greedy foreign) investors who have no trust in the good, hardworking Thai government. What a déjàvu of 1997. It is so pathetic. They are always mixing up cause and effect. Blaming foreigners instead of their own failure is just so convenient â?? unfortunately stirring up xenophobia often works well especially in countries like Thailand having a low education level. Link to comment Share on other sites More sharing options...
Sporty Posted June 10, 2008 Report Share Posted June 10, 2008 Yes, its true, they should look inside at the Condo Glut, the high failure rate of reality loans, Political turmoil, oil prices, to name just a few. One thing,I noticed, last time, they intervened, it was internal, this time, they are holding the baht low against the dollar, in the international market... Now with the dollar index, rising close to 1 1/2%, since they started, in the last two days, its gotta be costing the Central Bank, one boat load of baht. The speculators the were worried about to start this, are licking their chops. GREAT TIMING ! Link to comment Share on other sites More sharing options...
cavanami Posted June 11, 2008 Report Share Posted June 11, 2008 Today, the baht is ever so slightly clicking to get stronger. The US dollar is getting stronger, the Japanese is getting weaker. Ever so sloooooow....hurry up 40 baht = $1 USD (in my dreams!) Link to comment Share on other sites More sharing options...
Sporty Posted June 11, 2008 Report Share Posted June 11, 2008 The Thai Government, is supporting the baht, in the international currency exchange. (see support post above). It been oscilating between 33 and 33.25 for 2 days, while the USD Index, has moved up,in two days more than 1 1/2%. Largest 2 day move since 2005. Link to comment Share on other sites More sharing options...
Recommended Posts
Archived
This topic is now archived and is closed to further replies.