" village poet

Thursday, December 21, 2006

It is COLD...jackets in the morning!
We need not worry about fog...well except where the FOREX market is concerned. Thais managed to wipe 20% off the stock market in a day trying to stem the appreciation of the Baht. Decision reversed by teatime..damage done. FT not impressed.Thai Finance Minister: No-one to blame...of course not.I believe 10% is a crash...

So we sit like Romans inspecting entrails to see if there are any auguries for the future. Saw one 'Securities' outfit predicting 25B to the dollar (35 today down from 40 a few months ago)...Now that would rid Thailand of Americans!

So Christmas and New Year, 10 days in Samui, 10 days in Bali and the building of the South Fork Ranch in Chiang Mai..my we shall be busy!