Posted Feb 7, 2014 by Martin Armstrong
The local press in Thailand are reporting the collapse in economic confidence among local Economists’ with respect to the overall economy in Thailand. This is the lowest it has ever been in the past three and a half years. Our models clearly demonstrate that we are looking at a continued economic slide especially among emerging markets that will put greater pressure behind a rising US dollar. The European banks have a total exposure of more than $3 trillion in emerging markets. The economic conditions are worsening and this will only increase the pressure on civil unrest against a government that is also seen as corrupt in Thailand.