North Korea

US To Propose Watered Down North Korea Sanctions To Appease China And Russia

In the latest indication that the US is desperate to reach a diplomatic compromise over North Korea, even if it means appeasing Beijing and Moscow, Reuters reports that while the UN is set to vote on Monday afternoon on a U.S.-drafted resolution to impose new sanctions on North Korea, the new draft no longer proposes blacklisting North Korean leader Kim Jong Un, while also dropping a proposed oil embargo.

North Korea Threatens US With "Greatest Pain And Suffering Ever" Over Fresh Sanctions

North Korea's foreign ministry has warned Washington that if it did "rig up the illegal and unlawful 'resolution' on harsher sanctions, the DPRK shall make absolutely sure that the U.S. pays due price". The ministry then said that "the forthcoming measures to be taken by the DPRK will cause the U.S. the greatest pain and suffering it had ever gone through in its entire history."

FX Week Ahead: It Could Be Time To Lay Off The USD A Little

After a week of arguing if the EUR is overvalued and whether the ECB will pinpoint this, we get back to the crux of the matter, which is USD weakness. We have seen US Treasury yield pressed back to levels seen in the aftermath of president Trump's, victory, but we have had two 25bp hikes in the US since then and as such, reflation has been completely priced out and more.

The Dangerous Decline Of U.S. Hegemony

"The bigger picture behind Official Washington’s hysteria over Russia, Syria and North Korea is the image of a decaying but dangerous American hegemon resisting the start of a new multipolar order..."

A Nuclear North Korea Is Here To Stay

"The latest nuclear test provided no surprises. But it dramatically reminds us of the DPRK’s growing nuclear capabilities...It is time to debate the unthinkable: acquiesce in, or even encourage, creation of countervailing South Korean and Japanese nuclear deterrents."

The Era Of Complacency Is Ending

"The strategy of selling volatility has been so profitable that promoters tout it to investors as a source of 'steady, low-risk income'... Nothing could be further from the truth..."