YOU KNOW the world is a bit upside down when investors ”should be encouraged” by tanks in the streets of Bangkok. That’s what Merrill Lynch & Co. strategists in Asia had to say about Thailand’s latest coup.
The word ”latest” is used because Thailand has seen some 18 coups in the past 60 years, the last one in February 1991. ”History has shown that the Thai equity market rebounds sharply after periods of crisis, including previous coups,” HSBC Holdings Plc analysts wrote on Sept. 20.
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