Comments on: Surprise : the BOT raises interests rates by 0,25 point

By: Interest rates are moving on up… at The FARANG Speaks 2 Much

Interest rates are moving on up… at The FARANG Speaks 2 Much — Thu, 28 Aug 2008 03:56:58 +0000

[...] of excess right now and the government’s wacky stimulus plans are pretty pathetic all in all. Thai crisis feels the same [...]

By: BKK News Feed Archive - Q3/08

BKK News Feed Archive - Q3/08 — Thu, 28 Aug 2008 01:36:44 +0000

[...] Cage: Tanks on Bangkok Streets “Terrifying Experience” NEW MANDALA – A PAD Strategy? THAI CRISIS – Surprise: BOT Raises Rates MUST READ: BANGKOK POST – No Democracy in PAD Chaos (via Meaw & More) THE NATION – Cashflow [...]

By: fdl

fdl — Thu, 28 Aug 2008 00:48:48 +0000

Usually hyperinflation hit first like a left hook to our chin followed by hyperdeflation muay Thai kick to our guts to make sure we are down for the full count.

I tend to subscribe to the tenet that it is better to quickly take all the economic pain in one gulp, rather than a slow strangling suffocation that keep every gasping at near eternity, when governments continue to hold off the inevitable by keeping a loose grip on the money spigot. That means raise the interest rates when the threat of hyperinflation knocks.

By: ThaiCrisis

ThaiCrisis — Wed, 27 Aug 2008 15:06:49 +0000

I do own some gold.

But honestly I don’t have a clue. The current situation is so totally atypical.

I follow the heated discussion between the supporters of hyper inflation and the supporters of hyper deflation.

And I count the points.;-)

By: fdl

fdl — Wed, 27 Aug 2008 13:58:21 +0000

That was surprise . . . and BOT was sneaky too with that rate raise almost unnoticed because of the insane ruckus of the PAD that was getting all the attention.

I agree with you that the increase won\’t make a dent . . but it sends a message hopefully that BOT won\’t allow runaway inflation to be the master of us all.

Have you bought your gold bars yet ThaiCrisis? With nearly all the governments of the world still growing their money supply/financial credit like crazy . . . what better safe haven other than gold?