Asia

David McWilliams: Great Disaster Looms as Technology Disrupts White Collar Workers

European and Asian market and S&P futures have resumed their slide, as geopolitical tensions between North Korea and the U.S. spiked again overnight after Pyongyang responded to the latest set of warnings by Trump, revealing a plan to fire 4 ballistic missiles at Guam by mid-August. Gold gains for a third day while Brent rose above $53.

Authored by James Durso via TheHill.com,

The United States and the Republic of South Korea have, until now, had identical interests in the Korean peninsula: defending against a North Korean attack on the South, and keeping the North’s regime at bay until it collapsed from internal contradictions.

Authored by Adam Tooze via ProspectMagazine.co.uk,

Accounts of the financial crisis leave out the story of the secretive deals between banks that kept the show on the road. How long can the system be propped up for?

Extending its overnight safe-haven buying within Asia, gold has spiked above recent highs - to its highest since early June - following President Trump's latest tweet on America's nuclear arsenal...

At the same time every effort is being made - by crushing VIX - to save stocks from a more perilous drop.