As of writing the Thai Baht just went past USDTHB 37…

Well – a decade of military idiots running the country followed by the US jacking up rates = this magical scenario facing Thailand. Friends are now starting to whisper USDTHB 40…let’s see…anyways this means that in USD terms the SET is -13% for the year. I’m so proud of this country. Could it be 2 years in a row where the SET is the worst performing market in the world? It would be quite the achievement if they can make it happen.

Banks – earnings are out – topline is meh, but bottom line wowzaa! Great figures.

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