Inflows recede after Fed minutes released | Bangkok Post: business

Inflows recede after Fed minutes released

Published: 27 Feb 2013 at 00.00
Newspaper section: Business

Foreign investors have been buying fewer Thai bonds and continued to sell Thai shares after the US Federal Reserve last week signalled last week it may wind up the bond purchase programme.

Between Jan 1 and last Friday, foreign investors bought 90 billion baht worth of Thai bonds, two-thirds of which were short-term bonds, said Niwat Kanjanaphoomin, president of the Thai Bond Market Association.

He said foreign net inflows declined sharply from 15-20 billion baht a day during the first six weeks of this year to about 10 billion last week.

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ACR
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Discussion 3 : 27 Feb 2013 at 09.563
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As the US Economy/Society continues its decline and the US Congress refuses to make the hard decisions. The USD will continue to slide...

The news from the EU & UK is a good indicator of what is going to happen in the USA...

The Wild Card is China and their World Wide resource grab and how ASEAN reacts to the South China Sea disputes...

We already know who will side with China - Cambodia, Laos, Myanmar and maybe Thailand...
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faranginkorat
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Discussion 2 : 27 Feb 2013 at 07.262
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My money will stay in Thailand, as I see no possibility of real improvement in the US economy. Housing prices may have recovered to 2001 levels, but groceries that cost $86 in 2001 cost $200 now. The currency is collapsing. GDP numbers can be very misleading, as the service sector does not generate wealth, it is just people doing each others' laundry. Printing and exporting money to buy everything sold in the markets is not a sustainable economic model.
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boons
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Discussion 1 : 27 Feb 2013 at 04.141
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At some future date, all the hot money that has rushed in to Thailand will rush out. If anyone thinks for a nanosecond that the BoT is prepared for that event (which will and must occur) they are in for a rude surprise. That's the thing about bubbles: when they're expanding everyone feels like it's a sign of economic health. Nothing could be further from the truth. While the wealth effect may feel good... The economic destabilization is already well underway.
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