(RIP) King Bhumibol Adulyadej - Rama IX (5 December 1927 - 13 October 2016)

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Re: (RIP) King Bhumibol Adulyadej - Rama IX (5 December 1927 - 13 October 2016)

Post by obelisks »

obelisks wrote:
CowshedCowboyRedux wrote:Politically yes, economically no. 2nd quarter GDP growth was the strongest for 3 years, the predictions of economic doom and gloom when the military took control haven't materialised. Tourism is 8-10% of GDP.
but it's the nature of and the amount of personal debt which is the big worry
The composition of household debt in Thailand and Malaysia further amplifies the concern. In many developed countries, three-fourths of household debt is in the form of mortgages (see graphic).

In Thailand and Malaysia, half is consumption-related with credit-card, personal loans and auto loans. The assets underlying consumption-related loans depreciate in value quickly. In contrast, house prices usually go up, so a house is considered an investment.

http://www.thailand-business-news.com/b ... harks.html

Case in point reported today.

" If household debt reaches 100 per cent of gross domestic product, it would be regarded as a crisis point for the country, he told a symposium on Thailand " .

Thailand household debt is already at 86.5% of gross domestic product


Top economist warns of risk of bubble in household debt

http://www.nationmultimedia.com/news/bu ... s/30297974
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Re: (RIP) King Bhumibol Adulyadej - Rama IX (5 December 1927 - 13 October 2016)

Post by CowshedCowboyRedux »

Interesting articles Obelisks, thanks for posting and I agree that is a negative aspect in the delicate economic balancing act. What was an eye-opener from the first article is that 60% of household debt is owed to loan sharks and not the formal banking sector which could point perhaps to more prudent formal lending compared to the crash of the late 90's. Unfortunately consumerism, instant gratification and consumption regardless of whether you can afford it seems to be deemed acceptable the world over these days until it all comes crashing down. Whether that actually happens in Thailand, let's wait and see.
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Re: (RIP) King Bhumibol Adulyadej - Rama IX (5 December 1927 - 13 October 2016)

Post by obelisks »

CowshedCowboyRedux wrote:Interesting articles Obelisks, thanks for posting and I agree that is a negative aspect in the delicate economic balancing act. What was an eye-opener from the first article is that 60% of household debt is owed to loan sharks and not the formal banking sector which could point perhaps to more prudent formal lending compared to the crash of the late 90's. Unfortunately consumerism, instant gratification and consumption regardless of whether you can afford it seems to be deemed acceptable the world over these days until it all comes crashing down. Whether that actually happens in Thailand, let's wait and see.


" What was an eye-opener from the first article is that 60% of household debt is owed to loan sharks and not the formal banking sector "

what is equally eye-opening is the rates that some of these people are charging their " customers "

The scheme had a turnover of some one million baht per month. He had been offering two choices one paying 8.3% interest a day and another 101% interest a year.
[/b] :evil:

http://www.dailynews.co.th/regional/531456
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Re: (RIP) King Bhumibol Adulyadej - Rama IX (5 December 1927 - 13 October 2016)

Post by sigmoid »

The Interpreter is published by the Lowy Institute for International Policy, an independent, nonpartisan think tank based in Sydney. Here's their analysis of the current situation. Not much new information, but the article is clear and concise.


Thailand’s year of living dangerously
http://www.lowyinterpreter.org/post/201 ... ously.aspx
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Re: (RIP) King Bhumibol Adulyadej - Rama IX (5 December 1927 - 13 October 2016)

Post by ExPenhMan »

^^^Yup, that's a pretty good, clear, concise analysis. And very helpful for my purposes. I think it sets a somewhat darker cast to potential near futures.
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Re: (RIP) King Bhumibol Adulyadej - Rama IX (5 December 1927 - 13 October 2016)

Post by phuketrichard »

i know a few Thai Sharks, the average interest rate is 8-10%/month

surprise surprise

the link above is blocked here 55555
In a nation run by swine, all pigs are upward-mobile and the rest of us are fucked until we can put our acts together: not necessarily to win, but mainly to keep from losing completely. HST
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Re: (RIP) King Bhumibol Adulyadej - Rama IX (5 December 1927 - 13 October 2016)

Post by obelisks »

Singers from eight different countries pay tribute to the late King


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Re: (RIP) King Bhumibol Adulyadej - Rama IX (5 December 1927 - 13 October 2016)

Post by obelisks »

sigmoid wrote:The Interpreter is published by the Lowy Institute for International Policy, an independent, nonpartisan think tank based in Sydney. Here's their analysis of the current situation. Not much new information, but the article is clear and concise.


Thailand’s year of living dangerously
http://www.lowyinterpreter.org/post/201 ... ously.aspx
WOW that article must've said some pretty damaging things because it's blocked in Thailand :assasin: !
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Re: (RIP) King Bhumibol Adulyadej - Rama IX (5 December 1927 - 13 October 2016)

Post by phuketrichard »

Nothing at all damaging just some truths

using cyberghost was able to read it,
nothing i, and most people did not already know
In a nation run by swine, all pigs are upward-mobile and the rest of us are fucked until we can put our acts together: not necessarily to win, but mainly to keep from losing completely. HST
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sigmoid
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Re: (RIP) King Bhumibol Adulyadej - Rama IX (5 December 1927 - 13 October 2016)

Post by sigmoid »

WOW that article must've said some pretty damaging things because it's blocked in Thailand
Well, of course it's blocked in Thailand. I've heard that Al-Jazeera and the BBC websites are (or were) blocked as well. And i am sure that there are a vast number of articles and sites that are not accessible without a proxy or other method.

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