(RIP) King Bhumibol Adulyadej - Rama IX (5 December 1927 - 13 October 2016)
Re: (RIP) King Bhumibol Adulyadej - Rama IX (5 December 1927 - 13 October 2016)
obelisks wrote:but it's the nature of and the amount of personal debt which is the big worryCowshedCowboyRedux 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.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
-
- Expatriate
- Posts: 100
- Joined: Wed Sep 09, 2015 2:02 am
- Reputation: 0
Re: (RIP) King Bhumibol Adulyadej - Rama IX (5 December 1927 - 13 October 2016)
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.
Re: (RIP) King Bhumibol Adulyadej - Rama IX (5 December 1927 - 13 October 2016)
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 "
[/b]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.
http://www.dailynews.co.th/regional/531456
Re: (RIP) King Bhumibol Adulyadej - Rama IX (5 December 1927 - 13 October 2016)
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
Thailand’s year of living dangerously
http://www.lowyinterpreter.org/post/201 ... ously.aspx
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
I may be going to hell in a bucket,
but at least I'm enjoying the ride.
I may be going to hell in a bucket,
but at least I'm enjoying the ride.
Re: (RIP) King Bhumibol Adulyadej - Rama IX (5 December 1927 - 13 October 2016)
^^^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.
- phuketrichard
- Expatriate
- Posts: 16792
- Joined: Wed May 14, 2014 5:17 pm
- Reputation: 5735
- Location: Atlantis
Re: (RIP) King Bhumibol Adulyadej - Rama IX (5 December 1927 - 13 October 2016)
i know a few Thai Sharks, the average interest rate is 8-10%/month
surprise surprise
the link above is blocked here 55555
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
Re: (RIP) King Bhumibol Adulyadej - Rama IX (5 December 1927 - 13 October 2016)
Singers from eight different countries pay tribute to the late King
Re: (RIP) King Bhumibol Adulyadej - Rama IX (5 December 1927 - 13 October 2016)
WOW that article must've said some pretty damaging things because it's blocked in Thailand !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
- phuketrichard
- Expatriate
- Posts: 16792
- Joined: Wed May 14, 2014 5:17 pm
- Reputation: 5735
- Location: Atlantis
Re: (RIP) King Bhumibol Adulyadej - Rama IX (5 December 1927 - 13 October 2016)
Nothing at all damaging just some truths
using cyberghost was able to read it,
nothing i, and most people did not already know
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
Re: (RIP) King Bhumibol Adulyadej - Rama IX (5 December 1927 - 13 October 2016)
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.WOW that article must've said some pretty damaging things because it's blocked in Thailand
Welcome to the new North Korea! At least it's not as cold.
_ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _
I may be going to hell in a bucket,
but at least I'm enjoying the ride.
I may be going to hell in a bucket,
but at least I'm enjoying the ride.
-
- Similar Topics
- Replies
- Views
- Last post
-
- 1 Replies
- 805 Views
-
Last post by Alex
-
- 1 Replies
- 1380 Views
-
Last post by CEOCambodiaNews
-
- 65 Replies
- 24039 Views
-
Last post by armchairlawyer
-
- 2 Replies
- 2800 Views
-
Last post by SternAAlbifrons
-
- 1 Replies
- 2550 Views
-
Last post by Ahyou!whyme?
-
- 5 Replies
- 2863 Views
-
Last post by phuketrichard
-
- 27 Replies
- 1232 Views
-
Last post by phuketrichard
Who is online
Users browsing this forum: crob, Google Feedfetcher, Moe and 238 guests