Most financial commentators are predicting a increase in the value of the Thai Bhat due to a recent influx of foreign investment. While it is true foreign investors have propped up the Baht this past week by pouring almost $200 Million into Thai equities, this is going to do nothing more than provide a temporary respite for the falling value of the Baht.
Bangkok Skyline under ominous phsycial and financial storm clouds.
As I predicted in my previous post on this subject we at Naam Bplah expect to see the Baht hit 38 to 45 to the USD within the next 18 months. This is based not only on the economic impact due to the current flooding but on our analysis of it's long term impact on industrial and agricultural output.
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| The Sheikh and his entourage pass by a Bangkok fruit vendor |
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| Naam Bplah's Bangkok foreign correspondent, Nanak discussing micro economics with two Thai Street Vendors |
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| Bangkok''s State of the Art Mass Transportation System |
When we look at the serious implications of the disruption of industrial output, long term agricultural impacts, coupled with increasing political instability and the precarious and uncertain state of other aspects of Thailand's national identity we feel our analysis and predictions are in line and could even exceed the economic crisis in 1997.
4 comments:
Hopefully..there is one day 1 dollor = 45 bath...haha..
just dropping by to say hello
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