Just to catch you up, ten days ago the Cato Institute had a headlined we almost posted:
Thailand’s Reverse Revolution: Angry Elites Target DemocracyFrom Quartz:
Thailand’s twelfth military coup has ushered in a news blackout and a nationwide curfew, but some investors are actually cheering the move, which they say could bring much-needed stability to the divided country, and lift the stock market and currency after months of protests. Seasoned Thai investors have plenty of experience with coups—there has been one every 4.5 years, on average, since 1932.
“We view the current military coup as likely overall positive as it creates a more stable environment,” Mark Mobius of Templeton Emerging Markets Group, told Bloomberg. “The prognosis for Thailand is good.”...MORE