The Financial Times reminds readers of something that has occurred numerous times throughout history when leaders lose the support of their people... "The president may exploit an overseas conflict to distract from problems at home..."
Authored by Gideon Rachman via FT.com,
When just three weeks ago today Trump fired Reince Priebus and replaced him Gen.
Traders barely had time to enjoy the lull from the "Armageddon trade" - the rising possibility of a nuclear exchange between the US and North Korea, which peaked over the weekend when various US officials said a nuclear war is not imminent, echoed by a statement by N. Korea's state-run news agency KCNA, before a new set of worries promptly took over, chief among them the ongoing slow motion train wreck in Donald Trump's administration coupled with yesterday's double terrorist attacks in Spain.
While the storm over North Korea may appear to have passed, Bloomberg FX strategist David Finnerty warns that it’s possible we’re only in its eye.
Investors may want to think twice before jumping back into risk assets...
The good news is that it appears North Korea has, at least temporarily, backed down from plans to fire missiles toward Guam.
But there hasn’t been any indication that the country plans to halt, let alone dismantle its nuclear program.
Authored by Brandon Smith via Alt-Market.com,
Though a lot of people in my line of work (alternative economic and geopolitical analysis) tend to be accused of "doom mongering," I have to say personally I am not a big believer in "doom." At least, not in the way that the accusation insinuates. I don't believe in apocalypse, Armageddon or the end of the world, nor do I even believe, according to the evidence, that a global nuclear conflict is upon us. In fact, it annoys me that so many people seem desperate to imagine those conclusions whenever a crisis event takes shape.