Asianmacro relish holidays when most/all markets that matter are closed (with the exception of Japan) like today, Good Friday. And North Korea has to remind the world that they don’t celebrate Christmas much less Good Friday when the North Korean state media issued two photos today that, either by accident or design, appeared to show plans for striking the US mainland, as well as details of the North’s military strength. Long range missiles are prepped and ready as well http://www.nytimes.com/2013/03/30/world/asia/kim-jong-un-of-north-korea-orders-missile-readiness.html.
This must be a master-stroke by the young Kim as he has so much to gain and so little to lose by this further posturing on his part. Does anybody in the free world (including China and Russia, the ex-communist bloc who are all capitalism driven and any vestiges of Marxism or Maoism is a historical legacy for show more than anything else); think that we will once again send troops in harm’s way and muddy not only those soldiers’ boots but the politicians’ prospects in sitting comfortably in their elected offices? Of course not, and the last thing anybody want is to fire a bullet to burst the nice stock market rally, with S&P500 recapturing 2007 highs!
While it is probably not possible for the North Koreans to perfect their delivery of a nuclear warhead strapped to their long range missiles yet, it is probably not too challenging for a conventional warhead or something loaded with nasty biological agents. Who do you think supplied those biological weapons to Iraq’s Saddam Hussein, in those Iran – Iraq war or maybe they were actually selling to both sides!
Suddenly, Long Beach, California don’t seem that safe as before when Dear Kim junior starts doodling and circling it on his map! Hold your breath, just like how Cyprus came totally unexpected from the left field and, …, this North Korean drama can certain throw more nasty surprises from the right field!
*Asianmacro is a beach bum managing his own wealth. Besides deciding what to have for lunch (or hitting the gym sometimes), he is mostly found listening to loud music while trading and investing for himself. While every care has been taken in preparing the information in and/or materials, such information and materials are provided “as is” without warranty of any kind, either express or implied. In particular, no warranty regarding accuracy or fitness for a purpose is given in connection with such information and materials. The opinions expressed do not constitute investment advice and independent advice should be sought where appropriate. In no event will Asianmacro be liable to you for any direct or indirect or any other damages of any kind arising from or in connection with your reliance on any information in and/or materials attached herewith. Asianmacro may already have or intend to have a trading or investment position in the financial instruments or products referred to in this communication. This is not intended as an offer or solicitation for the purchase or sale of any financial instrument and Asianmacro may also have interests different from or adverse to your interests.