• 1,051 days Will The ECB Continue To Hike Rates?
  • 1,051 days Forbes: Aramco Remains Largest Company In The Middle East
  • 1,053 days Caltech Scientists Succesfully Beam Back Solar Power From Space
  • 1,453 days Could Crypto Overtake Traditional Investment?
  • 1,458 days Americans Still Quitting Jobs At Record Pace
  • 1,460 days FinTech Startups Tapping VC Money for ‘Immigrant Banking’
  • 1,463 days Is The Dollar Too Strong?
  • 1,463 days Big Tech Disappoints Investors on Earnings Calls
  • 1,464 days Fear And Celebration On Twitter as Musk Takes The Reins
  • 1,466 days China Is Quietly Trying To Distance Itself From Russia
  • 1,466 days Tech and Internet Giants’ Earnings In Focus After Netflix’s Stinker
  • 1,470 days Crypto Investors Won Big In 2021
  • 1,470 days The ‘Metaverse’ Economy Could be Worth $13 Trillion By 2030
  • 1,471 days Food Prices Are Skyrocketing As Putin’s War Persists
  • 1,473 days Pentagon Resignations Illustrate Our ‘Commercial’ Defense Dilemma
  • 1,474 days US Banks Shrug off Nearly $15 Billion In Russian Write-Offs
  • 1,477 days Cannabis Stocks in Holding Pattern Despite Positive Momentum
  • 1,478 days Is Musk A Bastion Of Free Speech Or Will His Absolutist Stance Backfire?
  • 1,478 days Two ETFs That Could Hedge Against Extreme Market Volatility
  • 1,480 days Are NFTs About To Take Over Gaming?
Zombie Foreclosures On The Rise In The U.S.

Zombie Foreclosures On The Rise In The U.S.

During the quarter there were…

How The Ultra-Wealthy Are Using Art To Dodge Taxes

How The Ultra-Wealthy Are Using Art To Dodge Taxes

More freeports open around the…

  1. Home
  2. Markets
  3. Other

Deja-vu (or Asia-doo doo)

The Thai SET tumbled 15% in 2013 as political instability caused by protests against Prime Minister Shinawatra threatens the 2nd largest SE Asian economy. Protestors threaten to shut down Bangkok by January 13 in hopes of ousting the Prime Minister.

Crisis in Thailand brings back memories from 1997. The collapse of the Thai baht acquainted us with the term"crony capitalism" as well as a hedge fund named Long Term Capital Management.

With the break of the August lows in the Thai SET and Thursday's crack in US and European markets the situation in Thailand is starting to smell like Deja-doo doo.


Larger Image

 

Back to homepage

Leave a comment

Leave a comment