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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory -- Ignore unavailable to you. Want to Upgrade?

To: jimmg who wrote (76069)	12/19/2006 11:14:16 AM
From: GST	Read Replies (1) \| Respond to of 110194

Thailand was reacting to a 300% spike in foreign money coming into their market in a matter of weeks. Thailand is an indication of hot money playing dollar weakness. Thailand did not want the grief that comes from a surge in their currency alone -- if there is to be dollar depreciation the Thais don't want to be first to be forced to adjust. The Thais were being very sensible under that circumstances. But they can't afford to send all foreigners home either. The pool of hot money knows where the future lies -- dollar depreciation. It is a matter of when and where -- and no longer a matter of if it will happen. Thailand is a reminder that the day is drawing nearer when it will not be Thailand, but all major currencies that come to reflect the utter debasement of the US dollar that has been taking place.