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Tom yam soup -chilli removed on new moon day
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ten4one
Master |
20-Dec-2006 12:42
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Thailand can't afford to reduce interest rates which not only will affect the Thais but also Foreigners. Inflations will certainly be a big problem if they do so and foreign funds will easily withdraw and park their $$$$ elsewhere that could give better returns. This currency curb is just a temporary measure and I'm sure all the Top-level Ministers in Asia have been informed prior to the action. |
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Novocaine
Veteran |
20-Dec-2006 12:16
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yup..and the reversal on decision shows how unsure the thai govt is in taking steps..the moment it backfires on them they reverse it..but at least they realise their mistake and did smting rather than let it spiral.. |
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iPunter
Supreme |
20-Dec-2006 12:15
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Those stocks that are due for ther downtrend will downtrend anyway... just watch for it on their charts. |
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tanglinboy
Elite |
20-Dec-2006 12:13
Yells: "hello!" |
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Damage is done already lah... people now quite scared to put money into Thailand. STI recovered today but not enough to cover yesterday's carnage |
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newmoon
Veteran |
20-Dec-2006 11:32
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In a virtual world where all markets are interlinked introducing new rules in the middle of the game can be fatal especially for small countries like asian tigers. Fortunately the draconian rules have been diluted.Thailand should have reduced interest rate to ridiculously low levels like japan to prevent the currency from rising too fast Saved by the new moon which is also celebrated in the buddhist tradition. |
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