And you see here that Thailand had a pretty high, short-term
interest rate.
That's this blue line right over here.
Let me underline it so you see that over here.
If we go to 1992, we have a short-term interest rate,
it looks like it's in the low teens.
It's about 11%, 12% right over there.
And so you could imagine the currency
had a nice peg versus the dollar.
People recognize that Thailand seemed
to have a pretty healthy economy.
Investors said, wow, I could go to Thailand
and get pretty high interest rates.
And you could imagine a Thai bank saying,
well, look all these people want to invest in Thailand.
Instead of me trying to borrow money
from maybe depositors in Thailand,
why don't I borrowed it from abroad
and invest it in Thailand?
So let's just think about this.
So let's just think-- let's think of it
in terms of US investors.
But it was investors from all over the world.
So that's the US.