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Business, Finance & Economics in Thailand All about money and finances in Thailand and Asia; interest rates, stock market & commodities investing, banking and buying shares.

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Old 14-08-2008, 01:37 AM   #41 (permalink)
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[quote=minime;720826]
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Originally Posted by DrivingForce View Post
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Originally Posted by minime View Post
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Originally Posted by bkkandrew View Post
All as predicted here:


Quote:
there is only one way for Sterling to go in the short to medium term - down.
I hope it stays above 60 to a pound, who thinks it will go below? I hope not I get paid in pounds.
Greedy??
Yeah!
at least your straight forward about it...
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Old 14-08-2008, 01:42 AM   #42 (permalink)
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Quote:
Originally Posted by Begbie
Pound continues on down
it's only down .145 in one day, no big deal, small panic, the usual. It could rebound any day, who the fuck knows, I wouldn't worry
What's this now, fool?

.145 - what does that mean? Against what? Is it a percentage? Perhaps a callibre?
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Old 14-08-2008, 01:44 AM   #43 (permalink)
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^ you wouldn't know, it's all the same for you, troll
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Old 14-08-2008, 01:46 AM   #44 (permalink)
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I'm not a Brit, so can I have a glass of wine
Its only just gone midday where you are Jettie!

Anyway, I can't talk, as I cracked open an agreeable Chataux Lafite at about 4.30pm as I was finished at work and the weather was to pissy to consider going out.

I hate being in the UK. At least my BKK flight departs in a couple of weeks.
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Old 14-08-2008, 01:54 AM   #45 (permalink)
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I'm not a Brit, so can I have a glass of wine, Tex?
I'm happy. I'm paid in greenbacks.
Me too. These grounded pounders can lick my boots for a quarter. Last year the shoe was on the other foot and no end of naysayers were forecasting the end. I could dig up the quotes, but won't do to any length to embarrass them.

Whoopsie! DOW 6K
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Old 14-08-2008, 01:57 AM   #46 (permalink)
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^If you are waiting and watching for phase two of the meltdown, don't leave your seat Tex...
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Old 14-08-2008, 02:03 AM   #47 (permalink)
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OK, I'll be waiting.

Nudge me if I happen to fall asleep.
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Old 14-08-2008, 02:05 AM   #48 (permalink)
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^You dismissed phase one about 9-months ago. Do you want me to find you post?
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Old 14-08-2008, 02:32 AM   #49 (permalink)
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Quote:
Originally Posted by Texpat View Post
As an accomplished Anglophile, I can assure you the pound's decline is due to very poor manners, retarded leaders, shit cars and general dumb ass disease. The precipitous decline has also been attributed to shit food and poor dental hygiene.

See, we can do it too.

Need a mint?
We can, but we don't have that same level of insecurity nor do we want to stoop to that level and besides we lack the rapier sharp wit that the british are so infamous for ..........or is it raper? I don't remember.....Oh well some of us don't anyway....
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Old 14-08-2008, 02:43 AM   #50 (permalink)
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It's called tired, old, worn out cliches we've all heard 1,000 times.

Quote:
You dismissed phase one about 9-months ago. Do you want me to find you post?
I recall suggesting it will be a blip on the historical radar in 10 years. Then adjusted it down to five. Your alarmist tendencies are just too OTT for me.
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Old 14-08-2008, 03:00 AM   #51 (permalink)
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^Yep - and I have bookmarked it for posterity
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Old 14-08-2008, 03:00 AM   #52 (permalink)
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LSD bring back the old days
..and the colours!
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Old 14-08-2008, 05:15 AM   #53 (permalink)
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Tex is just joking (maybe?), but he is funny sometimes.
For me about the only small upshot is I get some $ income from overseas so at least that means a better exchange rate.
I hope for when I hit LOS in winter time things will swing up again.
Here's to hoping
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Old 15-08-2008, 07:37 AM   #54 (permalink)
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Sterling is long overdue for a drop against the Dollar, but more to the point the Baht is overdue for a drop against everything.
but more to the point the Baht is overdue for a drop against everything Exactly. And why is it not happening.
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Old 15-08-2008, 07:39 AM   #55 (permalink)
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Donor
When it gets back to a reasonable level of 1.5-6, I'll start to buy property there again.
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Old 15-08-2008, 09:41 AM   #56 (permalink)
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Sterling is long overdue for a drop against the Dollar, but more to the point the Baht is overdue for a drop against everything.
but more to the point the Baht is overdue for a drop against everything Exactly. And why is it not happening.

Bank of Thailand buying baht perhaps. It's what they did in the ninties until they ran out of money.
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Old 15-08-2008, 10:29 AM   #57 (permalink)
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WHOOOOOOO HOOOOOOOO !!!!!!!!!!!

I get paid in USD, have got them sitting in an account waiting for the day the rate makes them worth changing. My company gave me the option of switching to sterling at the current rate 3 weeks ago. 0.504 or 1.984. Told them to stuff it. Why lock myself in at the bottom?

Spoke to my Dad, they think it'll go lower, I'll start thinking of cashing once it hit's $1.70, though I remember holidaying in the USA at $1.19 many years ago.

Thai Baht was 44 when I first came here, but it went down to 37.5 a few years later, and up as high as 93. Don't ever change sterling to THB so that one doesn't worry me.

Fall Sterling Fall!!
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Old 15-08-2008, 10:38 AM   #58 (permalink)
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Quote:
As an accomplished Anglophile, I can assure you the pound's decline is due to very poor manners, retarded leaders, shit cars and general dumb ass disease. The precipitous decline has also been attributed to shit food and poor dental hygiene.
You missed out fat ugly beer swilling birds as well.
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Old 15-08-2008, 02:37 PM   #59 (permalink)
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Sterling is long overdue for a drop against the Dollar, but more to the point the Baht is overdue for a drop against everything.
but more to the point the Baht is overdue for a drop against everything Exactly. And why is it not happening.

Bank of Thailand buying baht perhaps. It's what they did in the ninties until they ran out of money.
Thailand is sitting on a pile of foreign currency reserves which presumbly it is throwing away in order to avoid raising interest rates. Should be amusing to hear the excuses when they run out of money.
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Old 15-08-2008, 03:04 PM   #60 (permalink)
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