Offshore Money Is Pouring Into This Country At The Fastest Pace In 5 Years

What could go wrong?

Oh… right…

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Fireworks: North Korea Launches “Anywhere” ICBM, Trump Ponders “Heavy Move,” Central Banks Ahoy!

There’s never a dull moment in a world that’s lost its mind. North Korea celebrated July 4 by launching what Pyongyang says was an intercontinental ballistic missile. The projectile, fired from the country’s western coast at 9:39am local time, flew for about 40 minutes and crashed landed into Japan’s EEZ. According to an “important announcement” (that’s…

Because Nothing Says “Bullish” Like Nuclear War…

South Korea’s KOSPI index rose for a sixth day to yet another record as inflows accelerated on Friday. Foreign investors’ net buying this week rose to W0.5trn from W0.2trn in the previous week. Consumer sentiment rose to 108 in May from 101.2 in April – that’s the highest level in more than three years. It certainly seems like a whole…

It’s Too Quiet: Except For China. And South Korea. And Collapsing Metals.

It’s Tuesday, and they’re voting in South Korea. There’s an annoying power vacuum over there at a precarious time. Here’s a deliberately deadpan rundown: Turns out the former president – Park Geun-hye – was bribing people and abusing her power and shit like that. She’s in jail and apparently is refusing to vote. So that’s fun. Turnout is…