Green Shoots Salad : consumer confidence at 7 years low, ad spendings down and Korn can’t connect his 3 neurons


Here is Le Menu Du Jour : Green Shoots Salad.

It’s organic, but not very tasty, I warn you.

Consumer Confidence Index (CCI) fell to 71.5 from 72.1 in April. To Thanavath Phonvichai of the university, the index was the lowest in 90 months, as Thailand suffered from the global economic downturn as well as a volatile political climate which led to growing joblessness and higher living costs. (Nation)

It’s only an index. But… wait a minute… I thought that after the “revolucion” (april), after the National Bribe from Abhisit (2000 THB for 8 millions people) plus the Green Shoots from Obama… thai consumers would be literally electrified and would go on an insane and obscene buying spree ? πŸ˜‰ No ?

But I forgot foolishly that GDP crashed 7 % on Q1… that taxes collections are falling, that exports are still crashing (-26 % in april, and probably the same in may if we consider data from other countries), that credit to businesses is going down, that unemployment is increasing, that the South is still on fire, that the government is weakened by scandals, that Abhisit still shows his stupid smile on TV every week end…

Indeed, as a thai consumer, I would definitely jump into the Chao Praya River. And I would not buy a new car.

Thailand’s overall advertising expenditures in May fell by 7.07 per cent on yar to about Bt7.3 billion, according to The Nielsen Company (Thailand). Television advertising expenditure dropped by 4.9 per cent year on year in May alone to Bt4.3 billion.

Businesses have lower profits, because of lower demand… so they cut advertising budgets. It’s Economy For Children 101. It’s easy as 1+1 = 2 (eventually). But probably still… too complex to understand for the Green Shoots Lovers.

Finance Minister Korn Chatikavanij has told state-owned banks to consider lending to two giant carmakers, General Motors and Ford, but he insists they will not receive any special treatment from the banks.

He urged the two auto-makers to expand their investments in Thailand. “It is a positive for the economy, as the investment would create jobs”, he said yesterday.

Korn is hopeless. He has only 3 neurons and they are not interconnected. Bad luck !

The alleged Finance Minister probably wants his bailout or TARP program US style… He “urges” banks to lend money to those car companies… but of course there isn’t any “special treatment”…. πŸ˜‰

And obviously, investments would be good for the country… Sure ! Honey would flow. Birds would sing. Women would run naked… Welcome to the Golden Land, the Suvarnabhumi.

But Korn was probably on the moon on june 1, when GM went into bankruptcy. Andfurthermore, to lend money so they can invest… but to do what ? What ? Arai na khrap ? To pro-du-ce cars ? Shocking. But they can’t even sell the cars they produced yesterday… πŸ˜‰

Korn doesn’t know that the car market is crashing worldwide. This clown “urges” companies to increase their production capacities… when the same companies are closing factories to reduce their production capacities and costs. Even my dog (but he’s really smart) knows that there is a little contradiction in such an idea…

Voila, dear friends, that was my Green Shoot Salad of Le Jour.

I won’t wish you -obviously- a bon appetit. πŸ˜‰

6 Responses to “Green Shoots Salad : consumer confidence at 7 years low, ad spendings down and Korn can’t connect his 3 neurons”

  1. 1 Jaap 12 June 2009 at 6:22 am

    Dear Thai Crisis,

    Don’t you ever get tired of being so hopelessly negative about well.. every thing.!
    Ad’s are down everywhere! Normal .. Consumers are less happy NORMAL
    Come on, a bit positivism?

  2. 2 antipadshist 12 June 2009 at 6:45 am

    good Thai senators care so much about “global warming”

    hahaha !

    Senate says longan could make fertiliser

    Degraded stocks of dried longan left over from a scandal-tainted mortgage scheme should be turned into organic fertiliser rather than incinerated at a cost of 90 million baht, a senate committee says.

    The cabinet on Tuesday approved the destruction of the longan, harvested between 2003 and 2004 and originally worth 4.8 billion baht. It wants to ensure old stocks are not mixed with this year’s crop, which could affect the price.

    However, a senate committee on regional and local affairs yesterday objected to the decision, saying the stocks should be used usefully, not simply destroyed. “Burning them will waste money and just make the global warming problem worse,” said panel head Nilawan Petcharaburanin, who proposed turning them into fertiliser instead.

    in other words – 4.8bln worht of longan is gonna be turned into sh1t. well, luckily sh1t makes a good fertilizer.

    although not all kinds of sh1t – some sh1t, as inside gov. officials’ skulls πŸ˜€

  3. 3 Bedwyr 12 June 2009 at 8:23 am

    “and Korn can’t connect his 3 neurons”

    Love it… the national brain was in use by someone else when Korn wanted to open his mouth, with the inevitable result.

    Still, its heartening that brother Abhisit still sees the green shoots of recover just around the corner, though of course he doesn’t quite know which corner.

    First it is the ‘Q2’ corner, then the ‘2nd half of the year’ corner, and recently of course the ‘Q4’ corner. What a clown.

    And yesterday, the coup de grace. Now his government are going to fix the productivity issue in Thailand. Shouldn’t take long…

    1. first distribute 64,000,000 upgraded brains
    2. then educate the upgraded brains
    3. then invent a new Thai word – for ‘productivity’
    4. Voila!

    Shouldn’t take more than 2 or 3 generations if he starts tomorrow, but of course he can’t start quite tomorrow because he is busy creating the ‘6-month achievement’ comic strip, and by the next day he will have forgotten and had a new ‘idea de jour’.

    Good job he takes himself so seriously, judging by the confidence figures out today, nobody else does.


  4. 4 ThaiCrisis 12 June 2009 at 10:20 pm

    Jaap : we agree, it’s exactly what I say : “consumers are less happy, it’s PERFECTLY normal”.
    Facts and common sense, this is what I promote on this blog.

    So, on the other hand, how can you stand politicians and bureaucrats who are lying, because they want to deceive or because they are just totally dumb ? Every morning, they announce the “recovery”, they are hopeless not me !

    People are not children. They don’t have to be fed with cheap propaganda coming from the pathetic Boiler Room, like pigs are fed with wastes.

    So unlike Korn, Abhisit, the BOT and all the clowns, we should say : “it’s tough. It’s probably going to be tougher. But don’t give up” instead of “Today ladies and gentlemen, the Green Shoots are lovely and tasty. Have a spoon. Be happy. Eat your som tam, drink whisky but not too much of course. And don’t forget to take a biiiiiiiiiiiig loan to buy a new car and a new house. And don’t ask too many questions. Questions are bad for health. Chok dee khrap”.

  5. 5 antipadshist 13 June 2009 at 12:52 pm


    just one thought to add a bit of humor: this phrase “chok dee khrap” in the discussed context rather means something like : “choke on daa crap !” πŸ˜€

    otherwise I agree whith what’s said. especially that things get tougher.

    but of course – what else we can expect from Abhisit and Korn ? I was telling since very beginning that their main (if not the ONLY) objective in gaining the power was – to make sure to stuff their own pockets with guap, as well as help their buddies, patrons and sponsors – all the “strings pullers”, who has installed them and makes them move, open mouth, smile, etc.

    therefore when it comes to Abhisit, I propose a new, more precise term: a “marionete clown” or “puppet clown” rather than simply “clown”. because at least real clowns who work in entertainment biz are SMART, and some are even genius (as I consider George Carlin) – they do A LOT of research and study to expose the social stupidity (as Carlin had like 5 computers, and kept many books with notes, by categories). in comparison “puppet clowns” as Abhisit and Korn display to blatant lack of brains.

    oh, BTW, check it out, Korn is apparently on Twitter now :
    although I still wonder – is it real Korn ?
    if he is, then it is so silly – to engage even twitter for his so called “Democrat” propaganda.

  6. 6 Tarrin 13 June 2009 at 6:07 pm

    Jaap – really I want na be positive, I really do. However, so far Abhisit counldt make me sleep well at night, and with his 400 billion baht borrowing on the horizon, I’ll be scared to sleep at all.

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Thailand Crisis

Coup, Economic slowdown, Terror In the South... The situation is worsening in Thailand. Bumpy road like often before.

But this time, it's different.

The key to understand the present turmoil is the inevitable... succession of King Bhumibol.

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