On Sun, 19 Jul 2009 16:51:44 +0700, Good Soldier Schweik
On Sat, 18 Jul 2009 19:54:16 GMT, Jack@Vance.com
Green Shoots give indigestion to Abhisit : "recovery at least a year
Bank of Thailand (BoT) deputy governor Atchana Waiquamdee on
Wednesday voiced confidence that the countryís economy this year would
not experience negative growth, despite the world economic situation,
saying the central bank began to witness signs of recovery in the
"We hope that the second and third quarter will be an improvement
on the first and we still aim for the whole year to keep growth in
positive territory, or at least not in negative territory,"Abhisit
Mrs. Tarisa [Bank Of Thailand governor] views the Thai economy in
the first quarter this year as being better than its performance in
the last quarter of 2008, and states that she believes the economy
will not be in recession because state spending and investment had
begun to accelerate.
Thailandís economic recovery will be delayed and positive growth
might not be seen until the final quarter of this year, later than
forecast, Prime Minister Abhisit Vejjajiva says.
The Thai economy began signalling recovery in April despite
political unrest and long public holidays, according to the Bank of
Thailand (BoT). BoT Local Economy Division senior director Amara
Sripayak said Friday that economic data released in April was better
The Thai economy is likely to take more than a year to fully
recover, Prime Minister Abhisit Vejjajiva said yesterday at the annual
meeting of the National Economic and Social Development Board (NESDB).
The classic running path of incompetence and wishful thinking.
-stage 1 : denial : there is no recession
-quick admission but then grotesque lie (the BOT announcing recovery
in january !)
-then forecasts : okay we are in deep shit, but recovery coming, Q3
will be better, or Q4. Itís coming. Sure. We promise.
-then the sophisticated propaganda machine is running full steam : the
famous Green Shoots (I love this stage!).
-then admission of guilt : well... "recovery at least a year away"...
-then... the latest stage : "run Forrest, run"...
Not yet though.
Anyway : july 2009 + 1 year = july 2010. Ah.. mister Abhisit thatís
very different than 'final quarter of this year'
The question is : what the Prime Minister will say... in july 2010 ?
Alice is in Wonderland. And we are still inside the Rabbit Hole.
Ah Ha! A penetrating financial analysis by an individual who doesn't
understand where Bangkok and Singapore are and is too cheap to buy a
$86.00 airplane ticket.
This "analysis" is not mine, as everybody can notice!
To be stuck at a Bangkok dock for 30 years has taken its toll on your
already defective mind!
A Frenchman indeed!
Fascist propaganda has always been deadly boring... except for niwits