The North Korean military has decided to hold off on attacking the island of Guam for now, state media has said. The report from North Korean news agency KCNA said leader Kim Jong Un would watch the U.S. response before making any decision on whether to attack the territory that is of vital importance to the American military.
It would be premature to call this a major step forward, as we still don't know what might happen when the U.S. holds major military exercises with its allies in the region later this month. These drills are held annually, but never at a time of such high tension between the DPRK and the U.S.
Regardless, world equity markets rallied again today and shook off the tensions with surprising ease, taking any sign of deescalation as a cue to carry on as normal. It seemed as if the market was at a tipping point last week, but the robust rally this week suggests a lot of investors think otherwise. Many analysts are trying and failing to call the top of the market. With stock prices consistently moving higher rapidly, it has proven impossible to predict when it will end. Are we due for a big reversal? Have equity markets got plenty more left in the tank? Only time will tell.
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nice idea n i like it @jcramos
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My brother is currently serving the US army in North Korea right now. It makes me sick to know all of this is going on right now. I just have a bad feeling that all of this isn't going to end well. Both leaders are pretty hard headed in my opinion.
In my opinion, I don't think any war is going to be. Both are just showing off, Kim is just crazy, trump is just oblivious. I do hope that our boys don't get caught in all of this. They serve this country for a purpose that is of reason, not because of leaders who just wants to know who's got more power.
I couldn't agree more with you. It's just disheartening that there are more deserving and intelligent people in the world that should be world leaders and instead we are left with two fools.
You know, I always wished that if leaders just want to prove themselves, let them fight each other.
Meant to say South Korea!