Score another diplomatic victory for Trump, whose hard line negotiating tactic appears to have generated a dramatic - and favorable for market - outcome. Moments ago futures spiked, 10Y yields jumped and the USDJPY bounced about 106 on what the FT dubbed a "diplomatic breakthrough" that North and South Korea have agreed to hold direct talks between their leaders with North Korea signalling it is willing to abandon its nuclear program "if regime security can be guaranteed."
- NKOREA OPEN TO DENUCLEARIZE IF REGIME SAFETY GUARANTEED: SKOREA
The headlines come from South Korean National Security Office special envoy Chung Eui-yong, who is speaking to reporters in Seoul after returning from Pyongyang. Remember he and another envoy, National Intelligence Service chief Suh Hoon met North Korean leader Kim Jong Un in Pyongyang on Monday. Chung confirms that North Korea is indeed ready to stop the jawboning and negotiate:
- Kim Jong Un open to frank talks with U.S. for denuclearization: Chung
- North Korea to suspend provocations during talks: Chung
- Promises not to use any weapons against South Korea: Chung
Next step: a summit in April between the two neighbors where details will be ironed out: "North Korea, South Korea agree to hold summit in April", Chung says. Pyongyang vowed not to test any ballistic missiles or make further provocations during talks, according Chung clarified.
The easing of tensions between the two Koreas and this clearly positive geopolitical development has triggered a broad based risk-on move. Fixed income is selling off sharply here, with Bunds flying. As the spot KRW market is closed, the NDF space is in focus. The 1m NDF has traded from 1076.0 to 1070.8 at time of print. USDJPY is spiking higher at 106.10 at print. This move may have legs especially as early NY begins to come in
The question now is whether this unexpected diplomatic victory for Trump will further empower him to demand similar concessions on the trade side, and launch the "trade wars", even as the market is now fully convinced that the US president will backtrack.
Comments
Nahh I say a bloody nose is more appropriate
Report some real news (20 year old sues Walmart and Dicks for age discrimination)
http://www.breitbart.com/big-government/2018/03/05/oregon-20-year-old-s…
NOW GO BAKE ME A FUCKING CAKE!
Li'l Rocketman yesterday: There is no change in our stance that we will not budge an inch in our march toward strengthening our nuclear force.
Li'l Rocketman today: North Korea is willing to abandon its nuclear program if regime security can be guaranteed.
"The whole secret lies in confusing the enemy, so that he cannot fathom our real intent." -Sun Tzu
In reply to Nahh I say a bloody nose is… by Dilluminati
We can't negotiate with that fat fuck in North Korea until he goes on a fucking diet and loses 10lbs of ugly fucking fat!
In reply to "The whole secret lies in… by UndergroundPost
I think North Korea has always been a bit of a sideshow, a distraction to keep China 'in check' and off balance--unless there are some oil reserves there the public isn't aware of. The real action appears to be much, much closer to Europe: Syria and Ukraine.
https://olduvai.ca
In reply to We can't negotiate with that… by Dilluminati
I think there is no grounds for discussions until somebody stops manufacturing waving fucking cats!
In reply to I think North Korea has… by skbull44
See the Maestro did it .... he can sell ice to eskimos i am telling you ... that is why Tariffs wars are beautiful and easy to win ... democrats finally got it?
Now, before celebrating, lets see where KUSHNER stand on this ... otherwise, sorry no deal. My guess is he would say NO. this has been decided in the 1950s, since North Korea was first created, when that general was flown out of DC to replace Gen MacArthur (who won the korean war), retreat the american troops from the North and let the commies have their own part of the country.
A very smart english man back then noted when this explodes watch the MIDDLE EAST ... he did not know back then that they would come up with the PIPELINES excuse - kill hunderds of thousands, expel from their homes tens of millions (where they lived for thousands of years), destroy so many cities, villages - all to built a PIPELINE.
... and Gen Kelly pls dont get upset, sure KUSHNER does not know a thing, he does not need to know a thing, he will simple transmit DIRECTIONS as simple as that - this is his role (him, Ivanka and so on, Donald is smart enough to take the hint) ... that is why Kushner is still there and wont be leaving anytime soon ... not until this World is completely in fire anyway. My bet is NO deal... will see what the excuse de jour will be ... not that (((they))) care anyways.
In reply to I think there is no grounds… by Dilluminati
I seem to recall telling you so.
In reply to See Maestro by Pandelis
NoDebt's 6-sigma prediction: Within 3 hours this story will be refuted or claimed outright false.
In reply to I seem to recall telling you… by tmosley
Yep. The Norks did their nuke program as a defense against regime change. They know what happens with U.S. 'guarantees '. This story is b.s.
In reply to NoDebt's 6-sigma prediction:… by NoDebt
This mews came from the S. Koreans. I'm real sure the NorKs wouldn't look to the US for security. If the guarantor was China and/or Russia, I would take it seriously.
In reply to Yep. The Norks did their… by HardAssets
this is not the first time NK has done this - is it different this time?
LOL!!
In reply to This mews came from the S… by BlindMonkey
Russia using the Korea story to bury the murder of one of their former spies on British soil.
In reply to this is not the first time… by bigkahuna
History says this is bullshit, but we'll see....
In reply to Russia using the Korea story… by Occident Mortal
The ART of the deal....... is real!
In reply to History says this is… by Stan522
I don't often pray, but fuck it. I hope this one is real. Would be nice to have one less seemingly implacable enemy.
In reply to The ART of the deal… by OregonGrown
All designed by NK to get the boat rocking and see who falls out.
In reply to I don't often pray, but fuck… by Zero Point
This is a continuation of the destruction of convenient CIA boogeymen. ISIS and now NK.
In reply to All designed by NK to get… by IH8OBAMA
What is considered art is nothing more than paint-by-number.
In reply to The ART of the deal… by OregonGrown
Lil Kim needs to read up on U.S. history as it relates to agreements with Native Americans.
In reply to History says this is… by Stan522
Which agreement have the NORK'S lived up to?
In reply to Lil Kim needs to read up on… by Whoa Dammit
I don't profess to know about the NORKs track history regarding agreements, but I do know about that of the US.
In reply to Which agreement have the… by Stan522
The 1994 Agreed Framework.
https://www.38north.org/2015/05/jlewis051415/
In reply to Which agreement have the… by Stan522
Yes, when the natives violate our settlers, they face the full fury of a civilization that respects property rights.
Note that the state of the North American Indian tribes is indicative of what any society will degrade to after being subjected to a few hundred years of communism.
In reply to Lil Kim needs to read up on… by Whoa Dammit
Tell that to the Cherokees, whose only mistake was living where gold was found. Our .gov has been causing Trails of Tears to benefit the wealthy for a very long time.
In reply to Yes, when the natives… by tmosley
Yes. The trail of tears now circumvents the globe.
In reply to Tell that to the Cherokees,… by Whoa Dammit
breakthrough?
That has been their position all along. Unfortunately, the US is the one which doesn't want to provide that guarantee. Let's face the facts, the US wants to attack so it can plant its ass right between Russia and China permanently.
In reply to Yes. The trail of tears now… by silverer
Off Topic:
A russian transport plane just crashed in Syria killing all the troops on board.
Some group of people really like their numbers to send messages.
The model number of the Russian airliner that recently crashed was AN 148 = 13
The call number of the Iranian airliner that recently crashed is EP-ATS. MSN 391 = 13
This russian transport drops on landing due to "technical issues" on March 6 = 3/6 = 666
All 3 planes just dropped suddenly. This plane lost control on approach to where it could not attempt to glide in. Someone's having fun with Russia and Iran. (Let's not forget how the Russian military choir suddenly dropped out of the sky, on Christmas I believe.)
In reply to Yes. The trail of tears now… by silverer
Tell that to the savages whos only mistake was acting like fucking animals, living like animals, and treating each other like animals.
Fixed it for ya
In reply to Tell that to the Cherokees,… by Whoa Dammit
You tell it to them after they scalp you.
https://en.wikipedia.org/wiki/Cherokee%E2%80%93American_wars
In reply to Tell that to the Cherokees,… by Whoa Dammit
There are no property rights under the US regime. You may get to hold onto some property, as long as you pay the proper fees and licenses regularly, and you seek approval of appearance and use of the property from what the mob thinks is acceptable in your area.
In reply to Yes, when the natives… by tmosley
You don't even have to do that. Read the Constitution and compare the government defined within to the lawless regime that actually exists. If they can't follow the very document that establishes the US government, then they can't be trusted to adhere to any agreement at all.
In reply to Lil Kim needs to read up on… by Whoa Dammit
Somehow doubt that. If the Russians had done it and wanted to keep this quiet they would have used a different method.
As to Korea I forecast something like this a couple of weeks ago on here.
Basically the objective of the ramp up in angst, loads more US MIC orders with associated kickbacks, sorry consultancies, has now been achieved. Life can now settle down again until another rinse and repeat is say 8 years time.
In reply to Russia using the Korea story… by Occident Mortal
"to bury the murder of one of their former spies"
To clarify, it was a Russian double agent, working for the UK to spy on Russia. Russia doesn't like traitors.
In reply to Russia using the Korea story… by Occident Mortal
Yes indeed, they did it ot Bill Clinton and THAT IS HOW North Korea got nuclear energy.
Funny isn't it how Bill gave the nuclear genie to N Korea and Hillery gave uranium to the Russians.
In reply to this is not the first time… by bigkahuna
dont forget the other bill who was a party to the exchange... bill richardson!
In reply to Yes indeed, they did it ot… by blindfaith
Funny part is, Russia has much larger uranium reserves than the US anyway. You chaps got well and truly outflanked there.
In reply to Yes indeed, they did it ot… by blindfaith
We didn't get "outflanked" - we got fucking BETRAYED by the Alinskyite shitstains HillBillary. Obongo was in it up to his eyebrows, too.
In reply to Funny part is, Russia has… by Sirius Wonderblast
Yes, this is the first time the Norks have agreed to negotiate with Trump.
In reply to this is not the first time… by bigkahuna
True - though I do not believe they will do anything differently with Trump. Trump may decide to kick fatso's marshmellow ass - and that would be different.
I expect another round of dick waving and shrieking followed by the same ol stuff.
Time will tell.
In reply to Yes, this is the first time… by tmosley
It will be different if the US lives up to its part of the agreement this time.
In reply to this is not the first time… by bigkahuna
Yeah, because Russia sure stopped NATO from invading, occupying, building bases, and partitioning Syria....heh. Russia and China sure stopped the empire from stomping across the globe for decades...
If you have to count on someone else to defend your nation, you're owned by them.
In reply to This mews came from the S… by BlindMonkey
Then how do you explain IsraHell owning the US?
In reply to Yeah, because Russia sure… by greven40
The US had the zionist star of Remphan on their Great Seal almost 200 years before the "jewish state" was even created, fyi. The two are ruled by the same cabal.
In reply to Then how do you explain… by Betrayed
NK would pretty much need to put a Russian military base in their country to ensure their own safety.
In reply to This mews came from the S… by BlindMonkey
They have 2 in Syria and that didn't do Syrians any good. NATO members invaded anyway. NATO members occupy, build bases, raise mercenary armies, and partition Syrian territory anyway. The "jewish state" launches air strikes and missile attacks on Syria without so much as a cross look from Putin. The territory actually controlled by Syrians and their elected government shrinks by the day, which accomplishes "regime change" in another way. Oh, and let's not forget, the Russians disarmed Syria of its deterrent weapons, supposedly to avoid the Syrian government being blamed for using chemical weapons, but we have seen how that worked.
In reply to NK would pretty much need to… by BarkingCat
another day, another drama
In reply to Yep. The Norks did their… by HardAssets
" Score another diplomatic victory for Trump, whose hard line negotiating tactic appears to have generated a dramatic - and favorable for market - outcome. "
What a complete cheerleading bs and NONSENSE! Tyler, you have outdone yourself here. It's for sure one of the most stupid, brainless trump-cheerleading bullsh!t pieces that were ever poubslished at ZH.
1) The NKs have publicly (!) held that position already 10 years ago. There is nothing NEW here. Zero. Just that suddenly you (or some other Trumptard moron discovered it ).
2) The US cannot and will not guarantee anything. Tell me, genius, what guarantee can the US provide that the US will NOT attack NK whenever they want? Like: "we guarantee it, we will never...".. UH, just ask the Russians who were promised that NATO would never expand eastwards in return for agreeing to German unification ...
There is no way to provide such a guarantee, even IF Trump wanted to. Which he doesn't. And, more importantly, the deep sh!t never will.
Ask the wulf to guarantee not to attack the sheeple anymore. LOL.
In reply to Yep. The Norks did their… by HardAssets
Yea, I mean There might be a new President in a few years, so what can Trump guarantee anyway?
We are supposed to have congressional approval for war but that went out the window long time ago.
In reply to " Score another diplomatic… by fx
no guarantees. but if he deletes the deep state actors who have been pushing the world around since WWII i throw that 100% in the WIN column.
In reply to Yea, I mean There might be a… by D.T.Barnum
As long as there is the petrodollar there will always be push for war fullstop
In reply to no guarantees. but if he… by wildbad