Thursday, November 27, 2008

India and Thailand Tensions Heighten, Yet Markets Rise

THE By now, you are probably aware of the terrorist siege of Mumbai, India. Partially eclipsed by those headlines are these two: Thailand Cabinet Considers State of Emergency Decree and India, Thailand at odds over ‘pirate ship’ sinking. India is already in a state of emergency. Thailand is about to enter one. Neither nation is having a good week. Yet, with all the troubles in Thailand and India, and with the global economic crisis, markets are up around the world. Go figure. RELATED: Thailand summit may be delayed India defends anti-piracy action in Gulf of Aden Asian markets advance; India closed after attacks Japanese market ends up Gold again touted as 'safe haven' Asian Stocks Rise After Chinese Rate Cut Europe shares rise early, tracking US, Asian gains 2nd UPDATE: Asian Shares Off Highs; Pre-US Holiday Caution