|Lady Gaga spent her first night out in Bangkok watching a transvestite cabaret show while around her Thais fumed with indignation at her Twitter comment about buying a fake Rolex in the city, reports the Bangkok Post today.|
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Lady Gaga wants to buy a Rolex (made in Thailand)
Real GDP fell 6.3 percent between the third quarter of 2008 and the first quarter of 2009, as global demand slumped, before rebounding 6.9 percent through the end of 2009. The rebound was due to a recovery in global demand, an end to inventory liquidation and a pickup in private consumption as confidence returned.
The continuation of certain government policies, especially the pension to the elderly and free education should also support higher consumption levels for the poor. The longer-term goal of reducing reliance on external demand will take time, especially given political uncertainties that hinder the government’s ability to implement not only its investment program but also needed structural reforms.
‘‘In part, the gains in the market are a function of wealth creation. Asian and Middle Eastern household wealth is growing faster than in the United States and Europe,’’. The broadening and deepening of the Asian capital markets has helped draw savings away from traditional asset classes such as bank deposits and mutual funds to equities.
So small free floats and poor disclosure tend to create a vicious cycle,’’ Mr Wood said.