Thread: Bleak, Bleak, Bleak

Certainly, numbers are all about the presentation

Now, as the Thai Market has rallied more than 20% it is a Bull Market.
Earnings estimates for Thai listed firms are down -23%
So simple arithmetic shows the Thai Market will suffer a -3% decline - beating the pants off its local competitors


there is Laughter and Singing Throughout the Kingdom

Originally Posted by bowie

So simple arithmetic shows the Thai Market will suffer a -3% decline - beating the pants off its local competitors
there is Laughter and Singing Throughout the Kingdom

...as well as an unhealthy measure of delusion...

Take charge of one's inner self-sufficiency and independent lifestyles.
Less being forced to the usual dependency on the systems.

Thainess - we just smile... and wai...

mai bpen rai... an exercise in managing expectations

Originally Posted by bowie

Thainess - we just smile... and wai...

mai bpen rai... an exercise in managing expectations

...the exercise may reveal poor management skills...

Thailand's economy has been strained well before the Covid problem.

The currency, being protected by the Chinese Yuan has made things far more difficult for the export sector not to mention the tourism industry.

Implementing laws, which have always been there but rarely exercised has seen 100's of thousands of foreigners leave Thailand which has hurt the economy.

It may be a good time for those in power to look at things across the board and make the changes necessary to at least make Thailand more competitive with their Asian neighbours.

When the Thai economy starts up again a huge boost will be needed and changes are unavoidable whether the Chinese Thais like it or not.

Just my 5 Baht's worth.

Wonder when the richest man (not) in Thailand will step in and lend a hand? It's not always easy being a Father.

Originally Posted by sabang

Wonder when the richest man (not) in Thailand will step in and lend a hand?

He only does withdrawals.

Originally Posted by Loy Toy

Implementing laws, which have always been there but rarely exercised has seen 100's of thousands of foreigners leave Thailand which has hurt the economy.

...any published data to support this?...my impression is that many, if not most, foreigners resident in the swamp are too set in their ways to move somewhere else and, like the frog in increasingly hot water, will simply readjust their local situations and shelter in place...complaining loudly, of course, and threatening to flee, but unable to evacuate the trench they've dug for themselves...

Originally Posted by tomcat

...any published data to support this?...

Not off hand but I remember reading something in the Pattaya mail about 6 months ago that those were the estimates regarding foreign repatriations.

Personally I know hundreds of farang that have gone home because they could not afford to stay or could not meet the visa requirements.

The 100's of thousands is not a simple exaggeration, it is pure bollox.

^ You have any figures to dispute these figures lom?

And I am referring to all expatriates from all countries.

Just in my area 80% of the expats have disappeared over the last 2 years.

Originally Posted by Loy Toy

And I am referring to all expatriates from all countries.

...you have an extremely wide circle of...friends/acquaintances...and an in-depth knowledge of their movements...apparently...

^ I do also work closely with a number of large factories here also having lived in Thailand for over 30 years have heaps of friends and acquaintances.

Originally Posted by Loy Toy

^ I do also work closely with a number of large factories here also having lived in Thailand for over 30 years have heaps of friends and acquaintances.

...any enemies?...

^.............Everyone luvs me Tom.

Originally Posted by Loy Toy

You have any figures to dispute these figures lom?

And I am referring to all expatriates from all countries.

Just in my area 80% of the expats have disappeared over the last 2 years.

The numbers of expats on a non-O visa was around 150.000 in 2017 according to immigration stats so that 100's of thousands have left is pure nonsense.
Foreigners on back-to-back tourist visas are not included, they should be considered as tourists and not expats

Originally Posted by lom

Foreigners on back-to-back tourist visas are not included, they should be considered as tourists and not expats

That's where I fvcked up including these people.

Thank you for correcting my error.

Originally Posted by Loy Toy

Implementing laws, which have always been there but rarely exercised has seen 100's of thousands of foreigners leave Thailand which has hurt the economy.

Wondering where the 100,000s had gone, when looking for a better and easy life than they had had here? Perhaps somewhere where they can live on Food Stamps?

Anyway, with an objective view, the outlook afterwards could be quite favorable for Thailand:
1. The economy has been not much hurt during the Covid period, an easy re-start
2. A certain dislike of Chinese supplies (supported by foe govts) will open more chance for Thai purchases.

^ To be honest if I didn't have family and business comitments here I would be somewhere else years ago.

Originally Posted by Loy Toy

Personally I know hundreds of farang that have gone home because they could not afford to stay or could not meet the visa requirements.

impressive circles you travel in.

Originally Posted by Klondyke

1. The economy has been not much hurt during the Covid period, an easy re-start

Pardon me,

All airline staff laid off, many with reduced pay
all airport staff laid off most with no pay
Taxi drivers, grab drivers.
Hotel staff
Department store staff
restaurant, pub, and entertainment venues ie theaters all their staff.
++++++

Originally Posted by tomcat

the exercise may reveal poor...

One may suggest their are many "managers around the world" with equally poor management skills.

Originally Posted by Klondyke

Perhaps somewhere where they can live on Food Stamps?

But they can queue for the stamps whilst sitting in their $60,000 financed, air conditioned, SUV.