While the storm over North Korea may appear to have passed, Bloomberg FX strategist David Finnerty warns that it’s possible we’re only in its eye.
Investors may want to think twice before jumping back into risk assets…
The good news is that it appears North Korea has, at least temporarily, backed down from plans to fire missiles toward Guam.
But there hasn’t been any indication that the country plans to halt, let alone dismantle its nuclear program.
The trend is not your friend when it comes to this Asian country’s behavior. The firing in July of an intercontinental ballistic missile had Secretary of State Rex Tillerson calling it a ‘new escalation of the threat’. And that comes after the other launches this year.
This post was published at Zero Hedge on Aug 17, 2017.