Saturday, June 21, 2008

Taking to the Streets

The People's Alliance for Democracy (PAD) is demonstrating in the streets against the current Thai government. The PAD were a big anti-Thaksin faction before the September 2006 coup.

PAD held rallies and blocked some streets over the past few weeks. Yesterday, they crossed a police baricade, but fortunately, there was no violence. So far the military hasn't taken any sides.

The political instability has definitely affected the Thai stock market. It was down on the news of the big rally, but shot up the next day when there was no violence.

Will there be another coup? I'm not sure, but I hope not. The current government probably isn't the best money can buy (or maybe they are ;) ), but the instability of another coup is probably bad for Thais.

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