Markets follow a well-worn pattern after Donald Trump’s pronouncements, a pattern followed by tax, North Korea and trade. There is a sharp reaction—up or down—on the first news, fading as doubts that the president is willing to follow through set in. Then there is another panic on the realization that he is serious, and finally the market prices in the details of whatever compromise he settles on.
OTHER NEWS
Beyond their military utility, nuclear weapons are all that North Korea has to command international attention. Pyongyang may also see them as a valuable bargaining chip should it ever negotiate reunification with Seoul, which has a huge advantage in economic strength. Moreover, North Korean officials know the fate of Saddam Hussein and Muammar Qaddafi. They […]
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