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  1. #1
    Mid
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    Thailand : Inflation to 'skyrocket' by year's end

    Inflation to 'skyrocket' by year's end
    13/01/2011

    Inflation in Thailand is expected to shoot up by the end of this year and could dampen economic growth, Citibank director and senior investment strategist for Asia Pacific Haren Shah said on Thursday.

    "Although Thai economic growth will slow this year, it is likely to grow at a higher rate in 2012," Mr Shah said.

    He predicted the domestic interest rate would rise to three per cent this year, causing the baht to strengthen by six percent.

    The banker said the country should not experience capital inflow problems.

    bangkokpost.com

  2. #2
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    Six percent eh? That will send yet more old farang scurrying home.

  3. #3
    Days Work Done! Norton's Avatar
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    Quote Originally Posted by harrybarracuda
    Six percent eh? That will send yet more old farang scurrying home.
    Yep not good especially coupled with higher prices due to high inflation.

    Such is life. Que sara, sara.

    Think I'll get stoned.

  4. #4
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    This guy confuses several issues on the economy all at once. Perfect for him to work as a banker then I suppose

  5. #5
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    inflation should put the pressure on the THB,

  6. #6
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    Quote Originally Posted by Mid View Post
    Inflation to 'skyrocket' by year's end
    13/01/2011

    Inflation in Thailand is expected to shoot up by the end of this year and could dampen economic growth, Citibank director and senior investment strategist for Asia Pacific Haren Shah said on Thursday.

    "Although Thai economic growth will slow this year, it is likely to grow at a higher rate in 2012," Mr Shah said.

    He predicted the domestic interest rate would rise to three per cent this year, causing the baht to strengthen by six percent.

    The banker said the country should not experience capital inflow problems.

    bangkokpost.com
    Its Bernanke and the Federal reserve that is exporting this inflation. Asia and especially China and Thailand need to stop buying dollars and let their currency appreciate.

    The BOT seems to have a soft peg with the dollar at this range and it is not working for them. They need to revalue up or eat the inflation.

  7. #7
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    The US is fueling global growth,

    you want to stop that and witness deflation and a deep recession ? that would send Gold in a down spiral, you know that.

  8. #8
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    Quote Originally Posted by Butterfly View Post
    The US is fueling global growth,

    you want to stop that and witness deflation and a deep recession ? that would send Gold in a down spiral, you know that.
    The US is fueling inflation, nothing else. Look at the unemployment numbers and the food stamp usage in the US, at all time highs.

    A central bank cannot create wealth or divert recessions, it can only change the form that the losses take. In Argentina or Zimbabwe a few years ago, they both had depresions but they where inflationary depressions resulting from the govt buying its own debt which the US is doing right now.

    Recessions correct the imbalances that where created during the boom, they are necessary, they are the solution.

    You are a Keynesian, your all backwards and fucked up.

    As for gold.....The Fed has backed itself into a corner, all it can do is inflate which will destroy the currency in the long run. If they raise rates, the whole financial economy will go broke again and there will be no industry to service the debt that backs the dollar.

    Gold is not going down any time soon. Said it at $900, said it at $1250 and im saying ot now.

  9. #9
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    Farang tourism is down as marginal punters are squeezed out. In the real world one would think prices in farang venues would eventually follow, in Thailand who knows.

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