I think the Thai baht will be back over 40 Baht to the dollar. At just over 35 to the Dollar I think it is too strong during these bad times for Thailand and Asia. The JPY should also retest 120 again.

Crap, JR lost his shirt on commods and china not getting out in time. he was buying shanghai at 3400 . Now trying to talk commods up.likewise short on financials and real estate in the US these bears are trying to get the market down so that they can cover their shorts and come out with their pants intact. The bear case is 99% on the table and when that happens theirs no more impetus to sustain the shorts. the mother of all squeezes will morph into a sustained rally and an eventual bull market that will surprise everyone.

Regardless of JRs past record, good or bad, there will indeed be a currency crisis in the near future. The only question is where it will arise first before spreading around the globe. logically it will start with the dollar confidence plunge after the collapse of a suitably large commercial institution, followed soon after by the bond market. Fiat money is on life support and unless backed by gold will soon expire. This is a given in a debt based global economy. The only uncertainty is the timing but it draws ever closer.

I hope the Bt goes over 40 as I holiday there !!
Any talk of a sustained market rally based on anything other than GS manipulation is Bullshyte.
regards