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  1. #2601
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    Quote Originally Posted by lom View Post
    It must be due to all those company managers cashing in their shares, right Betty?
    Not to mention the negative yields in the bond market which has been pretty much the market for five years now...........a trend that seemed to pass our ' guru ' by, somewhat and only discovered by him this year.

    I think he's much better when he sticks to plain old hysterical cut 'n paste jobs.

  2. #2602
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    Oh Fook
    It will be Baht 35 to the 1 next week


  3. #2603
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    told you so

  4. #2604
    Days Work Done! Norton's Avatar
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    $ doing well against the baht and most other currencies. Not sure why?

  5. #2605
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    ^ becoz they are repositioning to Dollar and selling other currencies, its a reserve.

  6. #2606
    Days Work Done! Norton's Avatar
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    Quote Originally Posted by NamPikToot View Post
    ^ becoz they are repositioning to Dollar and selling other currencies, its a reserve.
    Thanks. Probably the case. Works for me.

  7. #2607
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    Feel for Simon43, thinking 500,000 Kip and hour is good when its 123,000 Kip to a dorrah

  8. #2608
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    Quote Originally Posted by Norton View Post
    $ doing well against the baht and most other currencies. Not sure why?
    the Trump shield effect !!!

  9. #2609
    Days Work Done! Norton's Avatar
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    Quote Originally Posted by Dragonfly View Post
    the Trump shield effect !!!
    Nope. Bond dumping and cash buy ups. $ is currency of choice atm.

  10. #2610
    Thailand Expat jabir's Avatar
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    Quote Originally Posted by Norton View Post
    $ doing well against the baht and most other currencies. Not sure why?
    Exodus to strength.

  11. #2611
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    For the umpteenth time, th US$ is the reserve currency for the world and in times of global crises it inevitably strengthens as others seek refuge in it. That's what reserve currencies do, they are safe sanctuaries for those in adversity.

    If the UK had maintained its trajectory in 2015 when the IMF judged it to be one of the better economies negotiating the 2008 crash aftermath, it too would have enjoyed a strengthening but as it is, Brexit has destroyed the fundamentals and it is now the worst performing currency in the developed world other than the NOR K and AUD.

  12. #2612
    Thailand Expat Dillinger's Avatar
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    That AUD is taking a proper spanking.

    Wonder how cashed-up Terry is with his not-so super now.

    A cheap boxroom tenancy above Boyztown will be going cheap soon.

  13. #2613
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    His superannuation fund, like all of those Cobber funds, is mostly generated by institutional equity investment and of course it is now a global bear market down by 25% in the past month alone with a prognosis that is gloomy indeed, at least a year of pain ahead. This calamity has been further compounded by China's economic contraction which has fucked Australia's mineral/ore export sector. Only the Norwegian exposure to the oil/gas price collapse can compete in terms of " ohmigod, we is fucked".

    Except of course Britain which undermined its own structural strength with Brexit and as a consequence became critically vulnerable to external shocks such as Covid.

    Sterling parity with the $ ( $1.10 is pretty much that in real terms ) and EUR 0.95 are almost certain now.

    Pre-Covid equity holders could console themselves with the knowledge that devaluation of increased dividends etc because of foreign company ownership but that particular leg to the economic stool has been well and truly kicked away in this colossal bear market wiping billions off share value.

    As an Armageddon obliterating the British economy this is the real McCoy.

    Brexit was the initial poison pill that devalued by 20% more or less immediately, the remaining 15% is but a formality by April's end.


  14. #2614
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    Wisdomtree wti crude oil 2x daily leveraged (loil)

  15. #2615
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    Quote Originally Posted by Seekingasylum View Post
    For the umpteenth time, th US$ is the reserve currency for the world and in times of global crises it inevitably strengthens as others seek refuge in it. That's what reserve currencies do, they are safe sanctuaries for those in adversity.

    If the UK had maintained its trajectory in 2015 when the IMF judged it to be one of the better economies negotiating the 2008 crash aftermath, it too would have enjoyed a strengthening but as it is, Brexit has destroyed the fundamentals and it is now the worst performing currency in the developed world other than the NOR K and AUD.
    the funny thing is that the GBP was also a major currency and a reserve currency before the EURO, look where it is now

  16. #2616
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    Yep the EUR is clearly supplanting the and there it is. It's only right, I suppose, now that the country has diminished itself and most think of Britain as a convenient bolthole for salting away fortunes and investing in London residential property but little else. Booted out of the G7 is clearly inevitable and in truth it should be made to relinquish its seat on the UN Security Council which is really very much an anachronism given the eminence of Germany and Japan in global economic terms.

  17. #2617
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    Quote Originally Posted by Seekingasylum View Post
    and in truth it should be made to relinquish its seat on the UN Security Council which is really very much an anachronism given the eminence of Germany and Japan in global economic terms.
    Good grief what an idiot

  18. #2618
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  19. #2619
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  20. #2620
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    This $ rally might make up for buying our last house at 30.17 to the dollar.

    Funny how whenever I've had to make a big purchase in the past the dollar was at a multi year low point.

  21. #2621
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    T.T. Currency Exchange

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    Notice of opening hours change
    At T. T. Currency Exchange, the health and safety of our customers and staffs is our highest priority.
    As a proactive measure to ensure everyone’s health and safety and prevent further infections of COVID-19, We will be operating under reduced opening hours starting March 23 (Mon). All branch will open from 9.00 AM - 9.00 PM, except the headquartered branch on Pattaya Second road which will remain open until 10 PM.
    We sincerely apologize in advance for any inconvenience this may cause, and we greatly appreciate your understanding on this matter.
    Your business is extremely important to us and to that end we will resume our regular hours once the situation is improved. It's is important we take these further measures to reduce the spread of Covid-19 and protect our wider community and hopefully bring the good times back sooner.
    I encourage you to use our website for a daily updates and please do not hesitate to contact us with any question or concern. Our website are www.ttexchange.com, www.facebook.com/ttexchange
    Stay safe and healthy,
    I am not a liberator , Liberators do not exist , The people liberate themselves , Ernesto Che Guevara .
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  22. #2622
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  23. #2623
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  24. #2624
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    How's the curfew gonna affect the baht?

  25. #2625
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    Quote Originally Posted by Luigi View Post
    How's the curfew gonna affect the baht?
    ...probably no effect at all...unless rice barges on the river have to pull over at 7pm...

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