North Korea’s latest ICBM test demonstrated once again that all of Japan is within striking range of the Kim Jong Un’s missiles, as it has been for a long time.
But it appears the North’s intensifying campaign of missile tests, which have increased dramatically in frequency since the beginning of the year, has convinced many wealthy Japanese that a nuclear confrontation could be imminent.
Below are some key highlights from Third Point's latest Q2 letter, in which we find that Dan Loeb, despite some early market turbulence and thesis drift, has again managed to do what 95% of his peers have been unable to do, outperforming the S&P YTD and returning 10.7% through June 30, up 4.6% in the second quarter.
From the Second Quarter 2017 Investor Letter:
Review and Outlook
Confirming a Friday report by David Wright, physicist and co-director of the UCS Global Security Program, that the newest North Korean ICBM - which on Friday night flew for 45 minutes, reaching an altitude of up to 3,725 kilometers and traveled just under 1,000 kilometers before landing in Japan waters - can strike half the major metro areas on the continental US, overnight North Korea's leader Kim Jong-Un said that “we have demonstrated our ability to fire our intercontinental ballistic rocket at any time and place and that the entire U.S.
The Immiseration of Europe by the United States
Diana Johnstone
https://www.counterpunch.org/2017/07/28/collateral-damage-u-s-sanctions-aimed-at-russia-strike-western-european-allies/
The post The Immiseration of Europe by the United States appeared first on PaulCraigRoberts.org.
Following the approval from overwhelming majorities in both the House (419-3) and Senate (98-2), President Trump has just confirmed that he will sign the Russia sanctions bill into law. The confirmation comes despite days of speculation after Anthony Scaramucci told CNN that Trump could sign the sanctions bill or "veto the sanctions and negotiate an even tougher deal against the Russians."