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ThaidUp

Quote: from Yurune on 3:05 pm on Jan. 15, 2004
Where can I find a Massage Parlour Girl with big tits?.I'm looking for at least a D Cup. Will she give BBBJ?



Yurune it's about ROI I am still working on perfecting the perfect TG model.


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Posted on: 3:24 am on Jan. 15, 2004
eyeswideopen
Sounds right; LTCM didn't ever consider the "lunch effect" in their plans for world domination, bringing about the spectacular downfall... (although they did have a hedging strategy linked to beer and cigarettes)


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Posted on: 3:25 am on Jan. 15, 2004
Yurune
TU

Was that you that sent me the email about break ups? You are the only person I can think of with that first name?


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Posted on: 4:44 am on Jan. 15, 2004
ThaidUp

Quote: from Yurune on 5:44 pm on Jan. 15, 2004
TU

Was that you that sent me the email about break ups? You are the only person I can think of with that first name?


_______________________________________
Not me. Must be another Thai


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Posted on: 4:49 am on Jan. 15, 2004
Yurune
Okay...thanks....hmmm...who is that from then....LOL


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Posted on: 4:51 am on Jan. 15, 2004
DeepThaid
Thanks for the lecture, guys. I'm sure we're all well equipped to handle national economies now.

Back to the original question, if I may. Is it worthwhile converting cash at the airport counters, or does one always get a better deal in town? And how late are the street exchanges open on Suk. I'll be arriving at the hotel around 10 pm, but suspect they would be closed by then. Any advice?


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Posted on: 10:19 am on Jan. 17, 2004
fastmover
You only need to cash up 100/200 US/Euro's at the airport and the rate there is not seriously below better rates in the city. And are you not going to need a few hundred baht for the taxi, hotel porter etc.? And still have enough for some action. Then you ready to cash up more next day.


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Posted on: 11:11 am on Jan. 17, 2004
madfrog
For what I know there are no open exchange place in Sukhumvit after 9 PM...
So yes, for sure better to chage some money at the airport when you arrive.

Madfrog


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Posted on: 9:53 am on Jan. 18, 2004
DeepThaid
Thanks, bros. The last thing I want to do on the first night in LOS is to hit NEP fully loaded yet empty, if you catch my drift


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Posted on: 11:11 am on Jan. 18, 2004
Fritz
@Mr Alan:

------------------------------------------------------------------------------In a recession, the cure for a budget deficit is not more taxes (which merely stunts economic growth). The cure is to stimulate the money supply and spur the economy. Tax revenue is a function of personal income and corporate profits. As these increase during the recovery, the deficit will take care of itself (as John Kennedy discovered in the 1960's when he cut taxes).
------------------------------------------------------------------------------

Only that the US is definitely not in a recession now. Third quarter in 2003 showed a steep growth of over 8% (annualized), last quarter of 2003 had still over 5%. All estimates for 2004 expect growth of more than 4% - that's hardly a recession, but rather the opposite. The currently very low interest rate does not fit into this picture - it's just the result of the political will of the US government to artificially boost and blow-up the economy to the max during the election year. They accept the risk of an uncontrollable Dollar crash in return. And the resulting boom is only a short-term straw fire, fed by unsustainable debth and public spending.


------------------------------------------------------------------------------The US dollar has been artificially inflated by foreign governments who undervalue their own currency. This was done to increase jobs and exports in their own countries. The fact that the US no longer is willing to subsidize this strategy does not indicate a fundamental weakness in the US economy, nor does it mean that disaster for the US is on the horizon.
------------------------------------------------------------------------------

No government has the power, influence or the means to manipulate exchange rates on the long term. But a government can control parameters like interest rate and public spending, that in turn have an indirect influence on the exchange rate. Due to their long lasting recession, Japan has set the interest rate close to Zero for many years, and they have had a huge cash surplus (from private savings and trade) that they constantly invested in US assets. Both actions together resulted in a rather low Yen, and with no doubt, Japan's export profited from this. China is a bit different, they have simply pegged the Yuan at a fixed rate to the Dollar, at an artificially low level. An undervalued currency has both advantages and disadvantages, China and Japan have to pay dearly for their imported goods and raw materials. Especially China is suffering more and more from this.


No doubt, the US is living way beyond it's means, both on private and public level. They expect the rest of the world to finance this, hence the ever increasing budget and trade deficit. Both deficits are now on a unprecedented, historic high - and there is no sign of a slowdown. Some other countries have gone through such a situation before, and the result has always been the same: The currency gets devalued and the economy slows down for 3-4 years because the depreciation and inevitable rise of interest rates slows down both the private consumption and also the investments. The same pattern will apply for the US - maybe even more so, since the exports play only a minor role for the US economy, so boosted exports will never be able to compensate the domestic slowdown.

And that's the optimistic scenario. Now, how real is the risk of a sudden Dollar collapse? Joseph Abate of Lehman-Brothers recently estimated a likelihood of 25% for this outcome. How could it happen?

Well, in the nineties, foreign money was spent mainly for entrepreneurial investments in the private sector that increased productivity, and enabled the US economy to pay back these investments plus interest later. But today, the invested money is mainly used to fill the gigantic holes of the US national budget.

And also the group of donators has change substantially - only two years ago, US investments were evenly split up between European, Japanese, Chinese and other investors. No big problem if one of these would have decreased or stopped spending. But nowadays, things are very different: Europeans have alredy stopped spending and China is even withdrawing capital from the US - leaving just one single investor: Japan.


In November 2003, Japan bought US treasuries and other US assets for a total of 22 Billion US Dollar, but the total capital inflow into the US was only 16 Billion - more than 6 Billion were withdrawn by others, and Japan was actually the only noteworthy net investor left.

And what happens if this investor, the only one left now, will one day change it's mind and follow the trend?

Well, that's exactly the scenario that Lehman Brothers gave a likelihood of 25% - an uncontrolled breakdown of the US Dollar and immediate recession in the US would be the result, with rather negative consequences for the rest of the world as well.


Cheers Fritz


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Posted on: 12:40 pm on Jan. 18, 2004
     

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