Showing 1 - 10 of 13
The end of The Great Moderation
Business, Piyasak Manason, Published on 28/07/2022
» It could be said that the era of economic normalcy is over. For about two decades before the 2008-09 global financial crisis, we witnessed what economists came to call "The Great Moderation" -- an era of moderate economic growth, low inflation, low interest rates and improved fiscal discipline. The US dollar was relatively weak while other currencies such as the yen, euro, yuan and even the baht appreciated.
The future is bright, is it not?
Business, Piyasak Manason, Published on 23/01/2021
» From an economic perspective, most of the current figures continue to look worse, especially in developed economies including the United States. The US job market, retail sales and real estate figures have deteriorated for the first time since last April.
What the new wave of Covid could mean
Business, Piyasak Manason, Published on 26/12/2020
» As we all know, the number of new Covid-19 cases in Thailand has skyrocketed after months of calm, breaking a single-day record last Saturday and causing authorities to issue urgent control measures, especially in Samut Sakhon.
Light at the end of the tunnel could be a train
Business, Piyasak Manason, Published on 28/11/2020
» After nearly a year of unexpected global economic and investment derailment, we are beginning to see a glimpse of hope from a new and stable US president and the approaching availability of one or more vaccines that will put an end to the pandemic.
Be careful of the turning tide
Business, Piyasak Manason, Published on 09/09/2020
» As we expected, the global and Thai economies have reached low points not seen in decades and have begun to recover gradually in recent weeks. But in terms of investing, we are beginning to see a significant shift in the theme.
Is this the turning point?
Business, Piyasak Manason, Published on 25/07/2020
» In our last column we warned about the great uncertainties surrounding the divergence of the economic and investment worlds, and how they may converge due to the rise of those uncertainties. It is possible that we may begin to see a turning point this month.
Old risks fade, new risks emerge
Business, Piyasak Manason, Published on 23/05/2020
» May has been the month when investment and economic reality diverged. The global economic contraction is deepening. Composite purchasing managers' indices, the most timely economic indicator, hit a record low globally in April. Preliminary estimates for May show a slightly slower rate of contraction, but the figures are still in deep negative territory.
Open for business? Proceed with caution
Business, Piyasak Manason, Published on 25/04/2020
» It has been more than a month since the world hunkered down to stop the spread of a deadly virus that has killed tens of thousands. More than two-thirds of the global economy has shut down as a result of social distancing measures.
Coping with three crises
Business, Piyasak Manason, Published on 28/03/2020
» Humanity is facing three crises at the same time: a public health crisis, an economic crisis and a financial crisis. Since these three crises are intertwined, to stop any one of them, we must stop the source.
Don't catch the falling knife
Business, Piyasak Manason, Published on 29/02/2020
» The steep declines this week in equity prices and bond yields, both domestic and international, reflect fears that coronavirus cases outside China will mark the start of a wider outbreak that will deal a blow to the global and Thai economy, resulting in a downgrade of the SET.