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