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Kaymanx
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Quote: from quack quack on 1:12 pm on Oct. 17, 2010
BTW, the remarkable progress that India has made & will continue to make, has nothing to do with India's democratic system, or, the intrinsic business sense of the Indian people; India's progress is 100 % attributable to massive US & Western European investment ( in India), nothing else; remember that India was a basket case democracy for about 50 years since it's independence in 1947.
The reason for massive US investment in India is because Jews, who control everything in the US, see China as the major threat to their quasi world dominance via the US, therefore their terrible fear of China + their eagerness to set up India as a bulwark against China.
Thought that was slightly over the top, QQ.
1. Is India the only investment destination of the US and western Europe ? If so, then you might get away with what you said. Fact is, India receives only a fraction of US and western European investment. Doubtlessly this figure has risen sharply over the last 10 years, and that increased interest in India is due very much to the economic reforms that got underway in the nineties.
The rapid growth that you see in India is due entirely to this economic reform that in turn stimulated political reform ; by that I refer to the country's gradual maturing from a socialist leaning left-of-centre approach to a more market-oriented one.
Why do you say that India was for 50 years since independence "a basket case democracy?" That term is not well understood, so some elaboration might help me to shoot you down more efficiently 
I tried to stay away from this new direction this thread on the baht has taken, so as not to be an abettor of thread-effing, but... there are quite a few misleading assertions being made here.
2. Accepting your argument that the US and allied economies are boosting India as a counter to China, isn't it BECAUSE India is a democracy and therefore a good foil to the overall Asian growth saga ? Then the investments that you spoke of have everything to do with the dharma of democracy in India, rather than not.
3. One of the main catalysts for the rapid economic growth in India is its sheer dominance in new-age sectors, like IT and outsourcing that has quite literally sucked in millions upon millions of young Indians into the workforce. That has been accompanied by a dramatic elevation of education and healthcare in the government's scheme of things for the nation, as a result of which still more youngsters are grabbing these high-paying jobs. This manifold increase in national income has boosted other domestic sectors like real estate, retail business, automobiles, telecommunication and so on. Ask Obama, he will be more forceful in enlightening you on this.
As for your contention that the western world's investments into India are motivated by "their eagerness to set up India as a bulwark against China," I couldn't help laughing because western world investments in China are much, much larger than in India.
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Thai Girls : Meet Sexy Thai Girls
Posted on: 7:25 am on Oct. 17, 2010
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Shredded Wheat
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I still think the strong baht is mostly due to high interest rates.
On a related theme, since there has been a lot of talk in this thread also of the strength of the Aussie $, I put a lot of that strength down to high interest rates in Australia too.
Both in Thailand and Australia the interest rate differential, between the rates of those countries and the rates available in the US and the UK, is just huge. To my mind, given the differentials in the interest rates, the currencies of Thailand and Australia should probably be doing a lot better than they actually are.
As I see it, once the US and the UK raise their rates again and erode the differential, the currencies of Thailand and Australia are in for a steep fall.
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Bangkok Women : Meet Sensual Bangkok Women
Posted on: 10:21 am on Oct. 17, 2010
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Kaymanx
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One important reason for not just the strengthening baht, but strengthening other currencies around the world, would be the artificial exchange rate of the Chinese Yuan.
It is absurd that, while currencies of lesser economies such as Brazil, Thailand and others are strengthening as a result of the inward gush of foreign money, the currency of the largest Asian economy is being artificially controlled.
What China seems to be doing is to exploit the free markets in the world outside of itself so as to try and have the cake while eating it. Thus, while remaining the biggest recipient of foreign investment from the free world it also avoids the impact on its own currency by resorting to controls. This is akin to enjoying the ride but avoiding having to pay for the ticket. Guess this is what the Seoul G20 meet is going to have to bring upfront, albeit diplomatically.
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Thai Girls : Meet Sexy Thai Girls
Posted on: 4:24 am on Oct. 19, 2010
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dirty guru
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They are agreeing (as you would know ) to measures that see its currency adjust somewhat-
Slowly-
But yes that - is correct -
The Aussie dollar is 20 % over valued.
No question-
But watch a rise before fall-
Even in this instance a fall will again meet rises as the China Economy BOOMs
Its the USA that is in trouble here
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Bangkok Girls : Meet Sexy Bangkok Girls
Posted on: 4:29 am on Oct. 19, 2010
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Valetta
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DG,it is easy to forget that in the 10 years or so after WW2 the $A was worth almost 2 $US,and for most of the last 60 years the $A was at parity,or better,with the $US.
It is also easy to overlook that while the $A has risen about 20% against the $US in the last couple of months,its appreciation against other currencies,including the baht,has been much more modest.
The Trade Weighted Index,which measures the exchange rate of the $A against the currencies of Australia`s major trading partners (including the USA),shows an appreciation of the $A of only about 4%.
Thus the appreciation of the $A against the $US is perhaps more a reflection of the weakness of the $US than the strength of the $A.
It should also be remembered that the $A is a floating currency.That means it is the market,not the Australian government, which determines its value relative to other currencies.If the market thought the $A was 20% overvalued there would be an instant correction.
The $A has appreciated largely because Australia is receiving record high prices for its mineral exports, to such an extent that Australia now has a balance of payments surplus, after decades of running a BOP deficit.
But recent history shows that,if commodity prices for minerals fall, the $A will fall just as quickly as it has risen.
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Thai Women : Meet Matured Thai Women
Posted on: 9:52 am on Oct. 19, 2010
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StrayGypsy
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Plenty beer, voBKa, whiskey, rice and foodstuff at Big-C ! Plenty clothing, housewares, and nice lady cashiers to flirt with too !
No worries commrades ! just lower your HISO capitalistic ways !  just shop around for bargains buy used Honda Wave scooter, rent apartments in clean Thai areas ! barter for a living ! be a farmer and grow your own ! go Issan country style
passive investment incomes will never keep up with HISO marketed goods and properties ! and I know most in here aren't jetset yet ?
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Bangkok Women : Meet Beautiful Thai Girls
Posted on: 11:19 am on Oct. 19, 2010
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Hermanolobo
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I am being informed that the Thai Economy is stalling !
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Bangkok Girls : Meet Attractive Thai Girls
Posted on: 11:45 am on Oct. 19, 2010
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Valetta
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QQ,you say that Thailand is becoming an expensive country,but for whom?
It may be true for tourists who exchange $US,British pounds and euros for baht but,for Australians and some Asians whose currencies have appreciated against the baht,Thailand has become cheaper.
The USA,Britain and the EEC have suffered a depreciation in their currencies because the GFC exposed their financial weakness, caused by years of running budget deficits, largely financed by the savings of foreigners.
The reluctance of foreigners to continue lending to the USA has forced the FED, rather than foreign lenders,to buy US bonds in an effort to stimulate the US economy.Any increased demand for US bonds,whether from the FED or foreigners, increases their price,and lowers their yield,and thereby has the potential to reduce the demand for,and hence the price of, the $US.
However, so long as foreigners, rather than the FED, are prepared to buy US bonds,despite their increasing price and reducing yield,the $US will remain strong because foreigners have to buy $US to purchase US bonds.
But the FED does not buy $US when it decides to purchase US bonds.It simply prints them.
So long as foreigners believe the FED is going to continue buying US bonds,and printing US$ to do so,foreigners will naturally be reluctant to buy US bonds because every purchase of US bonds by the FED increases their price,and reduces the interest bond holders receive.
Although the declining exchange rate of the $US,pound,and euro is bad news for their citizens who want to holiday overseas,this decline will assist in the recovery of the economies of the USA,Britain,and the EEC by making their exports cheaper,and therefor more competitive, relative to countries whose currencies have appreciated.This is certainly the case for Germany whose exports have greatly increased following the depreciation of the euro.
When foreigners are no longer as willing to lend their savings to countries who do not save,but instead run deficits year after year and accumulate massive sovereign debt,the devaluation of the currencies of these countries is a necessary precondition for their recovery.
But they also have to increase their own savings to make up for the reduced lending of foreigners.This requires a combination of reduced government spending,increased taxes,and more saving and less consumption by citizens.Less consumption is the inevitable consequence of increased exports because you cannot consume goods which are sold to foreigners.
Unless the USA,Britain,and EEC countries can revive their economies by increasing their savings they will have long term economic stagnation,and reduced living standards for all their citizens.A stagnant economy results in increased unemployment,and increased taxation for the employed and better off, to fund the increased spending on those who find themselves without a job.
The greater sovereign debt relative to GDP the longer economic recovery is likely to take,and the more prolonged austerity measures will be.
It will require a lot of skillful economic management by governments,and hard work by citizens,to ensure that the necessary period of austerity to boost savings does not so reduce demand that economic recovery does not happen,and deflation becomes entrenched,as it has in Japan.
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Thai Girls : Meet Active Thai Girls
Posted on: 12:01 pm on Oct. 19, 2010
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China Sailor
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A recent editorial printed here in Singapore (from a Bloomberg commentator) suggested that the continuing weakness in the US Dollar and the strength of the Thai Baht is a case of 'too much of a good thing' in regard to the Thai Economy.
His argument is that such inflows of capital will cause investment bubbles and undercut long term growth. He also said that this is a problem that will be faced by many 'second-tier' countries that do not have the capacity to absorb the extra foreign-denominated capital.
An interesting read, you might find it still on the online site for Singapore's TODAY freepaper...
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Bangkok Girls : Meet Attractive Thai Girls
Posted on: 8:58 pm on Oct. 20, 2010
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