Steer clear of Thailand

Political turmoil is spreading through Thailand's streets - and its stockmarkets. With no long-term solution on the horizon, it's better left well alone for now.

"Thailand is staring into the abyss," says The Independent. Clashes between security forces and protesters in Bangkok have caused over 70 deaths since March. This week the army broke up the protest in Bangkok, and violence flared elsewhere. Former prime minister Thaksin Shinawatra warned the crackdown could lead to an insurrection.

This is the latest episode of a long-running clash between the pro-Thaksin rural and urban poor (the 'red shirts') and the military and royalist establishment. The red shirts insist on fresh elections, as Thaksin was kicked out in a military coup in 2006. After Thaksin's allies won a 2007 election, establishment forces undermined that government using a combination of legal challenges and street protests. The current pro-establishment government then took over without being elected.

Subscribe to MoneyWeek

Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE

Get 6 issues free
https://cdn.mos.cms.futurecdn.net/flexiimages/mw70aro6gl1676370748.jpg

Sign up to Money Morning

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter

Sign up
MoneyWeek

MoneyWeek is written by a team of experienced and award-winning journalists, plus expert columnists. As well as daily digital news and features, MoneyWeek also publishes a weekly magazine, covering investing and personal finance. From share tips, pensions, gold to practical investment tips - we provide a round-up to help you make money and keep it.