is this a surprise? maybe to those who couldn't manage their way out of a paper bag

soon it will it be time to short the baht and the SET (again)

Merry Christmas

Thai Exports Shrink Most in 17 Years on Global Slump

Global trade will shrink in 2009 for the first time in more than 25 years and Thailand’s economy may expand at the slowest pace in more than a decade, the World Bank predicts.

http://www.bloomberg.com/apps/news?pid=new...id=a2dSQVHIVNA8

To be honest the airport closer had to affect the figures, by how much we will have to wait and see.

To be honest the airport closer had to affect the figures, by how much we will have to wait and see.

Neil... There is no need to give credit to the stupid excuses given by the thai authorities.

Think global.

In october, the growth y-o-y was already very low (5,2 %) compared to the previous months.

In november, exports from Japan plunged by... 26 %. Exports from China decreased by 2,2 %. etc.

Why on earth Thailand would be different ?

And now ask yourself : what will happen in december ? And in january ? And the following months ?

Are Japan, USA, Europe, ASEAN, China (the main customers for thai exports) going to buy suddendly more stuff from Thailand, in an explosion of pink optimism and irrational exuberance ?

Of course not. On the contrary. Less.

So for that matter, the airport closure is nothing but a statistical fart in the grand scheme of things.