Bad debts soar among Thai consumers

Post by **Charlieb** » June 4, 2014, 11:11 am

Welcome to the civilized world! =D>

The National Economic and Social Development Board (NESDB) reported on Tuesday that more Thai households were likely to default as non-performing consumer loans were soaring. Reporting its findings...

Please credit and share this article with others using this link:http://www.bangkokpost.com/news/local/4 ... -consumers. View our policies at http://goo.gl/9HgTd and http://goo.gl/ou6Ip. © Post Publishing PCL. All rights reserved.

Full Article:
http://www.bangkokpost.com/news/local/4 ... -consumers

Post by **rreddin** » June 4, 2014, 12:11 pm

The Thai personal debt bubble was going to burst sooner or later. The recent military adventure may prove to be the pin that burst the bubble. As, officially, there are no political parties in Thailand it will be up to the current administration to pick up the pieces as best they can.

Post by **Prenders88** » June 4, 2014, 12:14 pm

What happens when it all goes tetons up?
The article in the Bangkok Post is a little vague.

Post by **GT93** » June 4, 2014, 12:17 pm

Let's hope that any personal debt bubble in Thailand if there is one isn't too bad. The Americans had a horrific housing debt crisis not that long again. It can happen in just about any country. The usual response is that governments bail out the lenders but not the borrowers and the economy stinks for ages.