Kittiratt: Prepare for cash inflow

Published: 14 Sep 2012 at 12.52
Online news: News

The US new stimulus package will generate an inflow of capital to Asia, so countries in the region should discuss how to best handle the extra money in the system, Finance Minister Kittiratt Na-Ranong said on Friday.

The US Federal Reserve launched its QE3 package in New York on Thursday, with unlimited bond buying tied directly to unemployment and extension of low interest rate policy until at least mid-2015.

Deputy Prime Minister and Finance Minister Kittiratt Na-Ranong (Photo by Kosol Nakachol)

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DONHUAN
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Discussion 7 : 15 Sep 2012 at 12.087
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Yes, the QE is suppose to be for the benefits of US economy but look what happened to the monies flowing into the Asian economies during the last two QE; it’s the entities, with the connections, that get most of these QE monies. Make no mistake about is one; a financial titanic is coming to flood Asia with “Easy (printed) Money” from USA and it is going to engulf high yield capital markets, prime properties and strategic assets in Asia. There will be short term gains but possible long term ailments and the respective governments in Asia are monitoring closely where the QE monies are being parked and thus take appropriate measures to cushion the undesirable impact in their respective economies.
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yik
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Discussion 6 : 14 Sep 2012 at 21.006
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"The US new stimulus package will generate an inflow of capital to Asia... " what eternal wisdom.
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upena
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Discussion 5 : 14 Sep 2012 at 16.125
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Bailout in US is for US. Don't expect the money to flow to Thailand
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englishbob
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Discussion 4 : 14 Sep 2012 at 15.474
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What a buffoon.

How about making some fiscal policies rather than putting one's hopes in America's stimulus package, and the vain hope that other countries' rice crops fail?
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amerman
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Discussion 3 : 14 Sep 2012 at 15.033
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Great News. I hope this isnt a lie too. The PT goverment and the MP's are sure excited now. More money for their accounts.
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englishjon
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Discussion 2 : 14 Sep 2012 at 13.542
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"countries in Asia should discuss how best to handle the rising inflow of money in the system."

Yes, Mr Kittiratt, we all know what you mean by that. Thaksin will be mulling it over right now ....

Get ready for the Coconut mortgage scheme.
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jwatch
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Discussion 1 : 14 Sep 2012 at 13.491
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Good thing Dr. Prasarn wasn't cutting interest willy nilly ..otherwise all this cash could cause a problem
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Kittiratt: Prepare for cash inflow | Bangkok Post: business