Let’s burry 2009… A year that lot of people would like to forget.
All my best wishes for you and all the Thailand-lovers. And remember the 2 main mantras of 2009 :
-On going Recovery
-Change Yes We Can(‘t)
And be prepared for a very interesting 2010, during wich the bulk of the deception (all the stimulus and bailout plans around the world, cheap money, artificially low interest rates, etc.) is going to blow off.
They tried to sell us a collective hallucination… To some extend, it worked (at least for the balance sheets of banks and the bonuses of their employees). But the Reality is going to catch up… with ugliness : mountains of debts, deficits, depressed purchase power because of unavoidable higher taxes, higher unemployement, currencies disorders etc.
For my last 2009 post, let’s have a look on the latest data published by the Department of Business Development.
Unprecedented. The Big Crisis has ravaged businesses. It was forecasted. No surprise at all. But it’s interesting to hear the government talking about “recovery” and “lower unemployment”…
A total of 24 592 companies have been dissolved during Q3. That’s a whooping increase of 347 % compared to Q3 2008…
Companies = Limited Company + Limited Partnership + Ordinary Partnership (Public Limited companies are excluded)
Dissolution = Dissolved Defunct and Bankrupt
Now a look per month.