THE 'ECONOMIST' REPORTS ON THAI MARKETS COLLAPSE

Britain's ECONOMIST magazine joins Reliapundit in describing the ROUT that is affecting the Thai economy.

Even so, ill-chosen or poorly explained policies can do damage—especially if the authorities lose further credibility by being forced to backtrack on them. The aim of the Thai central bank’s new controls was to ease exporters’ discomfort and preserve the country’s attractions to export-oriented industries. But they seem, so far at least, to have created uncertainty and fear, and thus risk undermining investment at a time when the competition from China, India and an also-rising Vietnam, is getting stronger.

Appease the terrorists and screw up the economy -- perhaps the King's confidence in the junta is misplaced, you think? (MORE HERE FROM RELIAPUNDIT -or scroll down.)