(Caption : “1,2,3 Lift off ! The Bank Of Thailand goes orbital”).
Bank of Thailand (BoT) deputy governor Atchana Waiquamdee on Wednesday voiced confidence that the country’s economy this year would not experience negative growth, despite the world economic situation, saying the central bank began to witness signs of recovery in the first quarter.
She said the gross domestic product (GDP) is very unlikely to shrink in 2009 since the economy in the first quarter began to have signs of recovery after various fiscal measures were taken.
The measures, if successfully implemented, would help improve the economic conditions. (TNA)
Poor Atchana… Her statement will follow her all her life…
I mean, it’s even more striking than a breach of the space-time continuum, or an episode of the Twilight Zone… she’s is far, far away in another solar system.
But good for her : ridicule doesn’t kill.
More seriously, it’s the tipping point. When the politicians and the bankers start to make such comments, you can run for cover.
It’s the “McCain Moment”, when he said in september, the same day of the Lehman Brothers collapse, “the US economy is resilient“…
Or when Paulson and Bernanke were saying last august “the US banking system is sound“. 😉
Run. And run fast.