You can expect this to weigh heavily on risk sentiment.
“The name of the thing being sold isnâ€™t always a very good representation of what the thing is, sometimes for innocent reasons, and sometimes because crunchy, raw, unboned, real, dead frog doesnâ€™t sound very appetizing.”
“And you would think that this might be bullish for bonds, but no, far from it. A Central Bank that is not willing to invert the curve and take the economic hit from forcing a recession is a bond investorâ€™s nightmare. After all, apart from default, inflation is the absolute worse thing out there.”
So in other words, Kim will tell you he’s destroyed his nukes (just like Bashar al-Assad will swear he has no chemical weapons) if everyone acquiesces to letting a repressive regime that starves its own people and murders dissenters remain in power.Â