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Sunday, March 11, 2012

Thai Economy Worst Than Expected...But Predicted Accurately Here at Naam Bplah Not at Reuters

As revealed three weeks ago at  the Wall Street Journal and several other financial media outlets including Reuters Thai GDP is expected to drop again.  This is a surprise and a shock to the main stream financial outlets?  Why?

As we predicted here at Naam Bplah back in October and November 2011 while everyone else was expecting the Thai Economy to rebound and recover from the Floods easily we were not so optimistic.

Take a look at this revised chart,j courtesy of the WSJ on Thailand's GDP from 2010 to 4th Quarter 2011.  Amazing Thailand

We at Naam Bplah do not put as much faith in the current stimulus plans of the Thai Government as Reuters and the Wall Street Journal.  In fact we expect the Thai Stimulus efforts to have about as much effect as Obama's stimulus plan has had on the American economy and on businesses such as Solyndra and Beacon Power.  Oh in case your wondering...that would be no positive effect and in fact a long term increase in the national debt and a sure road to increasing the national debt.  As I said the Obama plan and the Thai stimulus plan are very similar.  Or as we say in Thailand,  "Same Same but different." 

There is one thing Thailand could do to spur it's economy on and that would be to open their country to foreign ownership of businesses and land.  Both by businesses and by individuals.  Currently, "foreigners" can't own land in Thailand and business opportunities are very restrictive and unfavorable to foreign investors.

As reported here  the IMF says they expect "Robust" GDP for Thailand in 2012 due to their "appropriate" stimulus efforts.   You have to wonder who's getting their pockets lined in these deals.  It's almost as if the IMF is in on the take.

Again the big undecided factor in Thailand's economy, social structure and political future, and the one factor no one is talking about is the health of the Great, wonderful and well respected leader of Thailand.  The worlds longest reigning monarch.  

There are two companies in particular we'd like to point out and recommend as potential investments in Thailand despite their fragile economy.  The first is, Bangkok Bank.  We are not alone in this recommendation.  Here you will find a very successful and aggressive Asian Trader recommending the same.

The other company we like, if only for their product is Mama Noodle.  You can't be a real Thai investor unless you have a little Mama in your portfolio.   That's all for today.  

Tomorrow we have an exciting story coming in about a deranged British Missionary in Chiang Mai, Thailand who is operating a scam church for his own enrichment and appetite.


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