How much will Thailand’s indebted households choose to spend against this background of artificial stability and longerterm uncertainty? TMB Bank plc, formerly known as Thai Military Bank, reckons the moment Thais will confidently dip into their spending money is just around the corner and that it will produce a “V-shaped” recovery. Economists at Siam Commercial Bank, the royal family’s bank and bankers, also see a nice pick-up around the corner, with the economy returning to its potential of around 4.5% in 2015. And the Bank of Thailand, the central bank, agrees that things will soon improve. Everybody hopes they are right.