G'day all again, Ron - I don't know how much of a parallel between China and Thailand is causal and how much coincidental.
To begin with, size matters. Second, Thailand, the 1st going into the tailspin, got a lot of help from IMF. Third, and maybe more important, the damage done *prior* to the collapse is misplaced capital allocation [actually, this happened to Macau, but b/c of Macau's relative small size and unimportant, the investors ate their loss and moved on.] Fourth, the Thai tended not to behave like cry babies, so they really help themselves by not attracting too much negativity when they tried to rebuild.
Having said the above, sure, an open market is always better than a closed one
best, Bosco |
