Strength of Bhat Damaging the country

[sparkydave 7]

just seen this in the Bangkok post, shows that the effect on us not spending as much baht is small but that baht's strength would curb export revenue and lead to liquidity problems for Businesses

 

http://www.bangkokpost.com/business/econom...eys-baht-damage

[joekicker 53]

Yes, and the baht's strength builds import revenue and injects the savings into the economy.

 

It's very close to a wash. The thing is that the oil importers and the car-part importers and the machinery importers don't want to advertise their windfall, and the exporters want to whine (and I don't blame them). So what you hear is very skewed one way, it's all about the strong baht, the strong baht is a killer, the strong baht is horrible.

 

Thailand would like to have a weaker baht. The strong baht creates problems, no doubt. But while it's strong, it's not all that bad for the macro economy. It's not the greatest, but it's not the worst by any means. The absolute most horrible worst was then the baht was 45 to a dollar. And the best of times, really, were when it was 20 to a dollar, not to brag about "the good old days" which weren't perfect. But 20 WAS better than 45.

 

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[Bush Pig 11]

just seen this in the Bangkok post, shows that the effect on us not spending as much baht is small but that baht's strength would curb export revenue and lead to liquidity problems for Businesses

 

http://www.bangkokpost.com/business/econom...eys-baht-damage

 

 

Manipulation aside the strength of a currency is a measure of the success of it's economy.

 

If you live in a money wasting, taxed the Suckers to death, Welfare-Nanny State your currency's stuffed.

[samfreeland 64]

Manipulation aside the strength of a currency is a measure of the success of it's economy.

 

If you live in a money wasting, taxed the Suckers to death, Welfare-Nanny State your currency's stuffed.

to right five million people here in NZ you'd be lucky if 3million payed tax the rest would be to young to old or cripples unemployed solo mums etc [ yes i no they still technically pay tax].3million to pay for roading infrastructure hospitals pacify indigenous tribes in a country this size. Christ i hope we strike gas /oil soon. but it beats stepping over them starving on the streets.. they will probably just raise the age of retirement up to ninety lol.

Edited October 23, 2010 by samfreeland