"No warning can save people determined to grow suddently rich" - Lord Overstone

  • 15 hours The $85B Merger That Could Change The Media Forever
  • 16 hours Why Are Governments Creating Their Own Cryptocurrencies?
  • 17 hours How Debt Cycles Impact Gold
  • 18 hours Investors Up the Ante In $1.5B Uber Loan Deal
  • 20 hours Are Gold Miners Poised For A Breakout?
  • 21 hours Is The "Crypto Winter“ Over?
  • 23 hours China Says It Doesn’t Fear Trade War
  • 2 days Twitter CEO: The World Will Have A Single Currency
  • 2 days Asian Currency Correction Could Signal Looming Crisis
  • 2 days Best Buy Drops Telecom Giant Over National Security Threat
  • 2 days The Pros And Cons Of The Federal Interest Rate Hike
  • 2 days Good News For Gold Bulls Despite Interest Rate Hike
  • 2 days Trump Hits China With $50 Billion In Tariffs
  • 2 days Russian Gold Reserves Hit Record High Amid Rising Tensions With West
  • 2 days Stocks Pull Back Following Interest Rate Hike
  • 3 days Will Regulatory Rollbacks Make Banks 'Too Big To Fail?'
  • 3 days Elon Musk’s $2.6 Billion Tesla Challenge
  • 3 days Tech Giants Could Be First Victims Of U.S. Trade War
  • 3 days Dow Gains Despite Fed’s Rate Hike
  • 3 days The Biggest Threat To Chinese Oil Futures
Investors Up the Ante In $1.5B Uber Loan Deal

Investors Up the Ante In $1.5B Uber Loan Deal

Uber may be facing significant…

Trump's Trade War Nears Boiling Point

Trump's Trade War Nears Boiling Point

Trump’s trade war appears to…

Ed Carlson

Ed Carlson

Ed Carlson, author of George Lindsay and the Art of Technical Analysis, and his new book, George Lindsay's An Aid to Timing is an independent…

More Info

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

Sign Up For The Safehaven Newsletter