Re: thai baht rate update
Quote:
Originally Posted by juswan2knwu
I small timer, foreign $$ bank deposits dun hav favourable rates, nt 2 mentioned the "unfair" amount of fees levied on them. Diversify oni if k afford @ least 5~6 digits/ currency, else pick oni the 1 the pax "k understand" & knw will rise by the time its matured.
Yap, NZD$ interest rate even higher than AUS$ but the domestic economy is small. Previous rise was prompted by LOTR which brings in a lot of revenue 2 its tourism & 3D-media industries. The tourism sector dun seem substantial as LOTR buzz slowly cool off (unless Peter Jackson mak something BIG 4 his homeland again). I hav 2 ack I nvr do any deep research on tis as I dun find it "attractive" @ the moment.
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ya, can feel a downturn approaching soon. A downturn was previously estimated to be in 2008, but when I was in China in 04 & 05, I estimate it to be getting closer, probably later part of 07.
Market is getting more & more overbought.
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