M.R. Pridiyathorn Devakul, BOT Governor, makes opening speech of the Symposium 2005.

Summary of panel discussions:
1. US is at all time dangerous level as net borrower to the world.
2. US is about to experience real estate bubble blow out.
3. US longterm bond rates at unrealistic low with too flat yield curve.
4. Asian countries are net lenders to US and should get together to lead rates not follow FED, i.e. creditors not the borrower should determine interest rates.
5. US dollar will soon suffer drastic devaluation.