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S1-E5: Thai Game: Soros up to Baht
Manage episode 256569281 series 2639757
American companies poured billions into Thailand in the mid-1990s to utilize the country’s young, educated workforce. Investors saw the developing country as an economic fountain of youth, and Thai companies took advantage of a fixed exchange rate to borrow funds in US dollars. In time, the economy slowed, investments fell, and money began to leave the country putting pressure on the baht - Thailand’s currency. A savvy investor named George Soros watched the story unfold and made an untold fortune by betting billions against the collapse.
16 episodes
Manage episode 256569281 series 2639757
American companies poured billions into Thailand in the mid-1990s to utilize the country’s young, educated workforce. Investors saw the developing country as an economic fountain of youth, and Thai companies took advantage of a fixed exchange rate to borrow funds in US dollars. In time, the economy slowed, investments fell, and money began to leave the country putting pressure on the baht - Thailand’s currency. A savvy investor named George Soros watched the story unfold and made an untold fortune by betting billions against the collapse.
16 episodes
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