Before Xmas it cost about 100bht to fill my Mio tank....now its over 120bht for the same fill up..... gotta say I feel sorry for the poorer Thais..... 20bht to them is a lot.
"Science flew men to the moon. Religion flew men into buildings."
About right SM67, when I bought my pick up just over two years ago, it cost about 1800-2000 baht to fill it up from dry. Now it costs about 3000.
Soon I will be thinking of turning off the air-con if it keeps going up.
I remember when first got here it was about 9-10 baht a liter, only 5-6 years ago.
If you look at the 2nd hand garages, they are brimming full of new models that people couldn't, can't and wont be able to afford.
I suppose Thailand has been living in la-la land on the finacial front, with the government shooing away the demons of reality in a redundant, subsidy-oriented fiscal policy(which I'm glad to see has almost come to an end), whilst in denile about all these people being encouraged to buy big purchase items they plainly can't afford and not realising that the baht was hopelessly over-valued. CREDIT,CREDIT,CREDIT.
Hell, I can only just afford my pick up(and that's without a monthly payment). They should have seen it coming.
spitfire wrote:
I suppose Thailand has been living in la-la land on the finacial front, with the government shooing away the demons of reality in a redundant, subsidy-oriented fiscal policy(which I'm glad to see has almost come to an end), whilst in denile about all these people being encouraged to buy big purchase items they plainly can't afford and not realising that the baht was hopelessly over-valued. CREDIT,CREDIT,CREDIT.
Hell, I can only just afford my pick up(and that's without a monthly payment). They should have seen it coming.
Have a look at the rest of the world. Especialy USA, where this possible world recession started.
But it's starting to bite here, big, for everyone, not just the locals. Suppose we are the last to notice as we are always pulling out high value currencies from the ATM.
If we are noticing it here then it must be going south, even in LOS. You can see it with the little things aswell, like streets that were packed with people(Thais) eating out at night are now very quiet, you can park on them. Not seen that for a while.
(yet)
