It's more of a political statement than anything. Of course, the markets will overreact, as usual. And then everyone will forget about it in a few days.
Whatever problems now exist have been building over the last 50 years or so.
Compared to much of the Western world, the USA is doing OK. The debt to GDP ratio is bad, but not as bad as it is in some countries. And the economy is doing better than many. Finally, the US dollar is the world reserve currency, and that won't be changing anytime soon.
Premchai, 14 Others Remanded in Custody Following Fatal Bangkok Building Collapse
President of Italian-Thai Development Co Premchai Karnasuta, on a wheelchair, leaves the Bang Sue police station to a criminal court for a pre-trail detention in Bangkok, Thailand, Friday, May 16, 2025. (AP Photo/Sakchai Lalit)
In a dramatic turn of events, the Ratchada Criminal Court on May 16 denied bail and ordered the detention of Premchai Karnasuta, the president of Italian-Thai Development Plc, along with 14 others.
Full story: https://aseannow.com/topic/1360884-premchai-14-others-remanded-in-custody-following-fatal-bangkok-building-collapse/
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