Remit your money now. Baht to strengthen.

[Bazle 1,501]

Well keep us out of it. Debt bill is gonna pass and we just recovered nearly 15,000 pounds of cocaine worth an estimated $180 million. We're gonna cut it hard and make a few trillion.

Do you mean Obama has got Oliver North on the case?

[englishinsiam 15]

The Baht will fall because international business will pull out due to the fantasy financial policies of the new govt

[joekicker 53]

The Baht will fall because international business will pull out due to the fantasy financial policies of the new govt

 

You sound pretty confident. I presume you're heavily invested in this theory? I'm interested, because the people who bet against "this government" 10 years ago sure were wrong. Any back story to the theory you can share?

 

.

Edited August 2, 2011 by joekicker

[jacko 8,822]

The Baht will fall because international business will pull out due to the fantasy financial policies of the new govt

Well the new Gov are hardly up and running, and there sure are a lot of other countries doing OK with fantasy financial policies. Ducati have opened a plant in Thailand, Caterpillar will, Toyota are thinking of a new one. This is also a major food and agriculture production country.

You need to take a drive through some of the industrial areas, even down the motorway, stuff going up everywhere.

I am thinking betting against the baht, on current evidence, is misguided.

Edited August 2, 2011 by jacko

[joekicker 53]

I am thinking betting against the baht, on current evidence, is misguided.

 

AND you'd better have a good reason to bet on something else. Or I suppose bet on nothing and sit on the sidelines is an option.

 

.

[jacko 8,822]

AND you'd better have a good reason to bet on something else. Or I suppose bet on nothing and sit on the sidelines is an option.

 

.

There is money to be made betting on currencies, but the baht is a minnow in those waters.

 

My thoughts have just made me dump some of my $/£ and put it in the bank here, minnow or not, the baht attracts pussy. And certainly they will get used.

Edited August 3, 2011 by jacko

[joekicker 53]

There is money to be made betting on currencies, but the baht is a minnow in those waters.

 

There are lots of choices and lots of opinions, but "playing" the baht in an actual market is a mug's game.

[brotherbuzz 3,206]

Hi,

 

You might be closer to the truth than you think.

I might know more than I think.

 

[jacko 8,822]

There are lots of choices and lots of opinions, but "playing" the baht in an actual market is a mug's game.

I fired some over yesterday and got 48.53B/£, when it landed today.

And my currency trader made me a bit betting on the £ going up too!

 

Looks like it has since gone a bit nutty this AM against the baht.

 

This mug is okay with it all!