Originally Posted by
ikarus
In my opinion, BOT completely compromised itself. Why would not they look at Malaysia.
Malaysia is doing nothing to stem the appreciation of ringit and Badawi said that he welcomes ringit appreciation. In case of Thailand,where the economy is rapidly going down (along with consumer confidence), budget deficits emerging and rates going down, it is only a matter of time before baht stabilizes. Though new finance minister is clearly better than the previous
one, he already started talking about "new measures"...
Smart people getting out of Thailand as we speak and expats at least should start thinking about escape routes..
One big "boom boom" in Pattaya and you will never be able to sell your business or condo.
Those who consider to start a business in Thailand now or just moving in now, in my opinion,
are just crazy..