Thaiger Posted July 9, 2021 #9209 Share Posted July 9, 2021 The investment banking firm JP Morgan says there are 5 emerging economies that are most vulnerable to the Delta variant – and Thailand is one of them. According to a Reuters report, the others are South Africa, Colombia, the Philippines, and Peru. The primary reason given for these findings is the low rate of vaccination, with analysts comparing the pace of vaccine rollouts with the spread of the Delta variant first reported in India. In some countries, mass vaccination is not happening quickly enough to offset the surge in infections caused by the highly contagious variant. The findings indicate that […] The post JP Morgan includes Thailand in 5 economies most at risk from Delta variant appeared first on Thaiger News. Read the full story Quote Link to comment https://talk.thethaiger.com/topic/2071-jp-morgan-includes-thailand-in-5-economies-most-at-risk-from-delta-variant/ Share on other sites More sharing options...
KaptainRob Posted July 9, 2021 #9215 Share Posted July 9, 2021 I guess someone was paid zillions to state the obvious although I'd dispute the 'emerging economy', for Thailand at least. 1 Quote Link to comment https://talk.thethaiger.com/topic/2071-jp-morgan-includes-thailand-in-5-economies-most-at-risk-from-delta-variant/#findComment-9215 Share on other sites More sharing options...
SickBuffalo Posted July 9, 2021 #9219 Share Posted July 9, 2021 5 minutes ago, KaptainRob said: I guess someone was paid zillions to state the obvious although I'd dispute the 'emerging economy', for Thailand at least. If the current collection of traitorous muppets remain in charge for much longer, we might well watch Thailand become a "submerging economy". 1 3 Quote Link to comment https://talk.thethaiger.com/topic/2071-jp-morgan-includes-thailand-in-5-economies-most-at-risk-from-delta-variant/#findComment-9219 Share on other sites More sharing options...
KaptainRob Posted July 9, 2021 #9222 Share Posted July 9, 2021 (edited) 4 minutes ago, SickBuffalo said: If the current collection of traitorous muppets remain in charge for much longer, we might well watch Thailand become a "submerging economy". Very true! That's why submarines are on order. 55 Edited July 9, 2021 by KaptainRob Added info :) 7 Quote Link to comment https://talk.thethaiger.com/topic/2071-jp-morgan-includes-thailand-in-5-economies-most-at-risk-from-delta-variant/#findComment-9222 Share on other sites More sharing options...
Shark Posted July 9, 2021 #9477 Share Posted July 9, 2021 Would this mean a crash of the 'super strong' THB? I guess this opportunity opens more tourism too. 1EUR/GBP/USD -> 80THB would be welcomed I guess. 1 Quote Link to comment https://talk.thethaiger.com/topic/2071-jp-morgan-includes-thailand-in-5-economies-most-at-risk-from-delta-variant/#findComment-9477 Share on other sites More sharing options...
gummy Posted July 9, 2021 #9551 Share Posted July 9, 2021 (edited) 1 hour ago, Shark said: Would this mean a crash of the 'super strong' THB? I guess this opportunity opens more tourism too. 1EUR/GBP/USD -> 80THB would be welcomed I guess. I can remember 72 THB = 1 GBP. The problem with reaching that again is that it would drastically impact inflation. Even 5/6 years ago it was in the 50's which in itself would be a big jump from just now which is 45.02 Edited July 9, 2021 by gummy Quote Link to comment https://talk.thethaiger.com/topic/2071-jp-morgan-includes-thailand-in-5-economies-most-at-risk-from-delta-variant/#findComment-9551 Share on other sites More sharing options...
Shark Posted July 9, 2021 #9563 Share Posted July 9, 2021 7 minutes ago, gummy said: I can remember 72 THB = 1 GBP. The problem with reaching that again is that it would drastically impact inflation. Even 5/6 years ago it was in the 50's which in itself would be a big jump from just now which is 45.02 Gasoline is already going through the roof anyways. So inflation is coming left or right. Quote Link to comment https://talk.thethaiger.com/topic/2071-jp-morgan-includes-thailand-in-5-economies-most-at-risk-from-delta-variant/#findComment-9563 Share on other sites More sharing options...
TobyAndrews Posted July 9, 2021 #9570 Share Posted July 9, 2021 I dispute that. Inflation will be up and down. lol Quote Link to comment https://talk.thethaiger.com/topic/2071-jp-morgan-includes-thailand-in-5-economies-most-at-risk-from-delta-variant/#findComment-9570 Share on other sites More sharing options...
JohninDublin Posted July 9, 2021 #9577 Share Posted July 9, 2021 1 hour ago, Shark said: Would this mean a crash of the 'super strong' THB? I guess this opportunity opens more tourism too. 1EUR/GBP/USD -> 80THB would be welcomed I guess. Today, the THB hit a 3 yr low against the € https://www.xe.com/currencycharts/?from=EUR&to=THB&view=5Y Quote Link to comment https://talk.thethaiger.com/topic/2071-jp-morgan-includes-thailand-in-5-economies-most-at-risk-from-delta-variant/#findComment-9577 Share on other sites More sharing options...
gummy Posted July 9, 2021 #9582 Share Posted July 9, 2021 39 minutes ago, Shark said: Gasoline is already going through the roof anyways. So inflation is coming left or right. Well true but that is more driven by the oil price rather than the THB rate. Remember a barrel of Brent crude was 41.96 US $ average last year where as now it is 64.76 this year so even if the exchange rates had remained it has still increased by 54 % Quote Link to comment https://talk.thethaiger.com/topic/2071-jp-morgan-includes-thailand-in-5-economies-most-at-risk-from-delta-variant/#findComment-9582 Share on other sites More sharing options...
ozz1 Posted July 9, 2021 #9602 Share Posted July 9, 2021 what about my submarines how am i going to pay for them if the baht crashes 1 Quote Link to comment https://talk.thethaiger.com/topic/2071-jp-morgan-includes-thailand-in-5-economies-most-at-risk-from-delta-variant/#findComment-9602 Share on other sites More sharing options...
horse33 Posted July 9, 2021 #9764 Share Posted July 9, 2021 OoBank become WHO. My self in think health not bank businesses. Quote Link to comment https://talk.thethaiger.com/topic/2071-jp-morgan-includes-thailand-in-5-economies-most-at-risk-from-delta-variant/#findComment-9764 Share on other sites More sharing options...
horse33 Posted July 9, 2021 #9766 Share Posted July 9, 2021 Health not bank business over. Quote Link to comment https://talk.thethaiger.com/topic/2071-jp-morgan-includes-thailand-in-5-economies-most-at-risk-from-delta-variant/#findComment-9766 Share on other sites More sharing options...
horse33 Posted July 9, 2021 #9768 Share Posted July 9, 2021 Thailand should stop public transportations due to paper masks are useless plus inspect live freezed items like meat,chickens & sea foods due virus transfer though this items more than air. Quote Link to comment https://talk.thethaiger.com/topic/2071-jp-morgan-includes-thailand-in-5-economies-most-at-risk-from-delta-variant/#findComment-9768 Share on other sites More sharing options...
Soidog Posted July 9, 2021 #9779 Share Posted July 9, 2021 (edited) 9 hours ago, gummy said: I can remember 72 THB = 1 GBP. The problem with reaching that again is that it would drastically impact inflation. Even 5/6 years ago it was in the 50's which in itself would be a big jump from just now which is 45.02 I can recall similar levels back in 2007 and before the 2008 financial crash. However, looking back over the last 50 years or more, the average exchange rate is around the 40-45 baht per one GBP. Those days back in the early and mid 2000’s along with a brief period following the mid 1996 Asian crash were brief. I know a number of people who moved out to Thailand on their U.K. pension at that time and lived a fools paradise with 60,000-80,000 baht a month. They have since seen their income drop by around 40% since then along with normal inflation which their pensions don’t keep up with. In real terms they have lost 50%-60% of what they had when they first moved out. Another reason why you should keep one foot back home. Especially if your state pension is not index linked if you live abroad. The attached picture shows the exchange rate over the years since 1960 Edited July 9, 2021 by Soidog Added picture 2 Quote Link to comment https://talk.thethaiger.com/topic/2071-jp-morgan-includes-thailand-in-5-economies-most-at-risk-from-delta-variant/#findComment-9779 Share on other sites More sharing options...
HolyCowCm Posted July 10, 2021 #9917 Share Posted July 10, 2021 On 7/9/2021 at 10:06 AM, SickBuffalo said: If the current collection of traitorous muppets remain in charge for much longer, we might well watch Thailand become a "submerging economy". It's almost a game with them to see how far they can sink it. Have to say they are quite good at it. 1 Quote Link to comment https://talk.thethaiger.com/topic/2071-jp-morgan-includes-thailand-in-5-economies-most-at-risk-from-delta-variant/#findComment-9917 Share on other sites More sharing options...
Objectivance Posted July 10, 2021 #10108 Share Posted July 10, 2021 On 7/9/2021 at 5:33 PM, JohninDubin said: Today, the THB hit a 3 yr low against the € https://www.xe.com/currencycharts/?from=EUR&to=THB&view=5Y Ah no worries, mate. It's already trending back, it's magic! Quote Link to comment https://talk.thethaiger.com/topic/2071-jp-morgan-includes-thailand-in-5-economies-most-at-risk-from-delta-variant/#findComment-10108 Share on other sites More sharing options...
JohninDublin Posted July 10, 2021 #10128 Share Posted July 10, 2021 On 7/9/2021 at 12:21 PM, ozz1 said: what about my submarines how am i going to pay for them if the baht crashes Yes. Those Captains getting Submarine Pay might be in for a hard time. 1 Quote Link to comment https://talk.thethaiger.com/topic/2071-jp-morgan-includes-thailand-in-5-economies-most-at-risk-from-delta-variant/#findComment-10128 Share on other sites More sharing options...
HolyCowCm Posted July 10, 2021 #10136 Share Posted July 10, 2021 I don’t think Delta is the biggest risk to Thailand’s economy at the rate things are going. Quote Link to comment https://talk.thethaiger.com/topic/2071-jp-morgan-includes-thailand-in-5-economies-most-at-risk-from-delta-variant/#findComment-10136 Share on other sites More sharing options...
Objectivance Posted August 12, 2021 #33206 Share Posted August 12, 2021 Suggestions from this group are always the subtle signal of intent, they plan to restructure Thailand to conform with the current western ideals. 1 Quote Link to comment https://talk.thethaiger.com/topic/2071-jp-morgan-includes-thailand-in-5-economies-most-at-risk-from-delta-variant/#findComment-33206 Share on other sites More sharing options...
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