News

I'm expecting the Baht-per-dollar rate to be going up over the next couple of days. Hopefully it will stay there, as that means more money in my pocket. Over the last 3 years, it has slipped from 42 per dollar to 37... which bascially has meant a 10% cut in salary for me, since I get paid in dollars.

I sincerely doubt that because of the coup the Baht will rocket up to something like 50 per dollar like it did during the Asian economic crash of 1997. The coup leaders didn't "break anything" when they rushed in and took power. They aren't proposing any changes in commercial or social laws. There is no reason at this time to expect the coup to have any effects outside of the federal elected government. Investors and foreign economic interests may be nervous about the coup, but it is plain to see that they have been given no reason to panic...

Yet.

What remains to be seen is whether these army generals are truly just ordering all the current players off the field because of poor sportsmanship, and are going to invite the players back out "as soon as possible" to try again, or if they plan on keeping the ball for themselves and are going to make up a completely new game. It's highly unlikely, but possible.

Well, the next week or so should give us all the answers we need.

Oh: Other interesting news is that the head of the coup is Muslim. Gasp! I'm going to have to buy a burka for Pui!