"Too many illogical and irrational assumptions are the reasons why mainstream economics is suffering from a crisis of confidence... too many countries rode a wave of private debt explosion during the last boom, and are now in the equivalent of economic purgatory."
Following Sunday night's resumption of trade after a three-day weekend, which saw sharp moves lower in US yields, the dollar and the USDJPY after Friday's disappointing CPI and retail sales data and the weekend North Korea jitters, the mood has stabilized in light trading with Asian stocks advancing, Europe mostly closed for Easter Monday and S&P futures fractionally lower
The regime of Kim Jong Un possesses rockets that can hit South Korea and Japan with as many as 20 atomic bombs, and it’s now focused on building a long-range missile capable of hitting Washington D.C., with a nuclear warhead. The charts below summarize what is known and unknown about North Korea's tactical military arsenal.
The net inflow of foreign residents into Japan was the largest ever during the last statistical year, reaching 136,000 or 40% higher than the previous year, as the government pushes policies to attract foreign workers to offset the organic decline of its own graying population.
North Korea's attempted missile launch on Sunday ended in failure, South Korea's Joint Chiefs of Staff said. The communist state attempted to launch an unidentifed missile from the port city of Sinpo on its east coast in the morning, and the launch is presumed to have failed, the JCS said. Secretary of Defense Mattis says President Trump is aware of the situation and has "no further comment” on failed North Korean missile test.
War between the United States and China is not inevitable, but it is certainly possible. Indeed, as these scenarios illustrate, the underlying stress created by China’s disruptive rise creates conditions in which accidental, otherwise inconsequential events could trigger a large-scale conflict.
So, yes, to help cacao farmers, we should indeed buy more chocolate. But we should also recognize that those workers are locked out of a variety of related higher-wage industries by protectionist governments in the wealthy West.
"America objectively poses a greater threat to peace than North Korea... the entire world is scared and left guessing if it strikes or not... one has the feeling that a conflict could break out at any moment."
North Korea's General Staff has warned that the country would strike military bases in Japan and South Korea, as well as the South Korean president’s residence in Seoul, if America engages in aggression - preemptive or otherwise - against Pyongyang.
China has to "demonstrate that its lack of intervention to resist appreciation over the last three years represents a durable policy shift by letting the RMB rise with market forces once appreciation pressures resume."
In advance of a potential military clash between the US and North Korea, the Japanese government is preparing for 5 distinct responses: i) Logistical support by SDF in the event of a local conflict; 2) use of force by the SDF in the event of a full scale war; 3) Protection of Japanese citizens in South Korea; 4) Preparation for armed attacks against Japan; 5) Civil protection and response to evacuees.