HOT Thai Baht
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Transcript of HOT Thai Baht
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7/30/2019 HOT Thai Baht
1/1
Source:h*p://blogs.2.com/beyond-brics/013/04/09/thai-baht-gone-too-far/,AccessedApril013
Whatisit?
Whatisgoingon?
Whatisthebackgroundofit?
HOTThaiBaht:toohottohandle?ThaiBahtappreciaFonandsignalofarepeatof1997fromhugeinfluxofcapitalfromoverseas
ThaiBahtappreciatetohitthehighestvaluein16yearssince1997AsiancrisisonTuesday9thApril013,samedaywehadthefirstCapitalMarketlecture!Theexchangeratewithrespecttodollarwas8.93THBperUSDatonepointofthatday.
EU#1Greece++IM++ECB?EU#Cyprus(mostrecent)NewpolicyfromObama#AbenomicsofJapan++YendepreciaFon(orchestrated)ReboundoftheeconomyfromtheThaiflood(011crisis)Idiotpolicymakersofthecountry(TheThaicentralbank,BOT,never
learnanythingfrom1997)iscalpolicy+ThaipoliFcsi.e.governmentcannotgetBOTbuy-intoimplemenFngmonetarypolicyAseriesofhigh-valueIPOsincethebeginningoftheyearNoevidenceofcurrencya*ack
ThailandandSEA:Thailandwithmorethan60%ofGDPcomingfromexportisslippingincompeFFvenessvis--visneighbouringcountries.Vietnamatthebearminimumwillbeabletoexportagriculturalcommodityproductmore.PessimisFcview:Tom-Yum-Kungcrisis(thisFmecanbereFtledtoanothermaindish)+assetpricebubblesinThailandthatcancauseanotherAsiancrisis+failureofAbenomics?+delayofAECincepFonorevenacancellaFon?+setbackofotherTAdevelopment+nextwaveofglobaleconomicdownturn
Howitaffectstheothersaroundtheworld?&Whatcanhappen?