“What more could a Japanese equity bull want?”
We would respectfully disagree with that assessment. Just because you didn’t aim your missiles at something new doesn’t mean firing missiles isn’t an “escalation.” That’s like saying that if I rob my neighbor once and he warns me not to do it again, it’s not an “escalation” if I rob him a second time as long as I break in through the same door.
“A telling blow should be dealt to them who have not yet come to senses after the launch of our ICBM over the Japanese archipelago.”
You’d probably be wise to do the same.
Now stay tuned to find out if Kim bought some VXX today on the cheap so he can fire off an ICBM this evening and make a few million to put towards his next H-bomb.
As noted late last week, things would look quite different on Monday, one way or another.
Ok, well this is interesting. Nikkei is out reporting that Japan is planning for a possible mass evacuation of some 60,000 Japanese citizens currently living in or visiting South Korea. “If the U.S. decided on a military strike against the North, the Japanese government would start moving toward an evacuation on its own accord regardless of…
“Though considered a tail risk, a military confrontation on the Korean peninsula could see Asian currencies falling 5% to 10% and the region’s equities plunging 20%,” UBS Wealth Management Global CIO Mark Haefele and head of Asia Pacific investment Min Lan Tan write in a new note.
“There wasn’t one today”…
“…so if there is an unexpected major reversal, it could be very rapid and very painful.”
Ok, so strap in, because this promises to be an interesting week. August has proven to be the month that risk assets finally took notice of the exceptionally precarious geopolitical backdrop. Risk assets have reacted unfavorably to the combination of rising tensions on the Korean peninsula and the seemingly terminal decline of the Trump administration. As…
“As summer comes to an end, and investment committees meet in early September, I don’t see how at the margin, America doesn’t get a downgrade from asset allocators throughout the world. The simple fact is that the much hyped Trump optimism has been sorely misplaced.”
Draw your own conclusions.
“Global political developments have kept us on our toes and will continue to do so through the fall and into next year. Investors should brace for a bumpy ride.”
So get to work Kuroda. Here’s a dip for you to buy.