Stepped-up rhetoric on North Korea wipes $1 trillion off world stocks
Source: Reuters/St Louis-Dispatch
Updated at 7:32 a.m.
LONDON The damage inflicted on world stocks this week by the escalating war of words over North Korea topped $1 trillion on Friday, as investors again took cover in the yen, the Swiss franc, gold and government bonds.
With the tense mood pushing European shares down for a third day and Wall Street set to fall again, global stocks were on course for their worst week since Donald Trump won November's U.S. presidential election.
Now installed in the White House, Trump issued a new warning to Pyongyang on Friday, tweeting: "Military solutions are now fully in place, locked and loaded, should North Korea act unwisely."
North Korea had responded to Trump's previous promise to unleash "fire and fury," with a threat to land a missile near the U.S. Pacific territory of Guam.
Read more: http://www.stltoday.com/business/local/stepped-up-rhetoric-on-north-korea-wipes-trillion-off-world/article_62cad803-bf38-5ddc-8e20-9d4e3235e772.html
C_U_L8R
(45,029 posts)riversedge
(70,383 posts)bronxiteforever
(9,287 posts)Dave Starsky
(5,914 posts)No doubt the whole family shorted it. It's not like anyone would stop them.
riversedge
(70,383 posts)Maybe this is not a secret but I think trump might have learned about this from his military advisors who he had a meeting with yesterday.
BTW--it was after the meeting that he suddenly wanted to have all countries De-nuke themselves.
"Military solutions are now fully in place, locked and loaded, should North Korea act unwisely."
DK504
(3,847 posts)"His" generals are looking pretty nervous.
truthisfreedom
(23,160 posts)kimbutgar
(21,237 posts)A nuclear war. I live on the west coast and we'll be wiped out. I'm upset this crazy thump manifested himself in my subconscious dreams.
padfun
(1,791 posts)KG
(28,753 posts)the burdens of the wealthy are something i don't lose sleep over.
flibbitygiblets
(7,220 posts)not realizing how it impacts everything downstream, including their shitty jobs. Hey, maybe we can bus them to California, where crops are rotting in the fields due to all the migrant farm workers being deported/scared shitless? If we can get the R's to spin this as "job creation", maybe then the deplorables will get it, after a few years of backbreaking work for $2/hour.
Dreamer Tatum
(10,926 posts)tblue37
(65,503 posts)I am a state employee. If stocks fall drastically, my meager pension becomes even more meager.
citizen blues
(570 posts)That stock markets are reacting to Donnie boy shooting off his mouth.
Cosmocat
(14,579 posts)cause he personally gave them nuclear weapons.
W never existed, and BHO was weak and spineless.
That sums up what the pods have been programmed to think.
citizen blues
(570 posts)broadcaster90210
(333 posts)he'll be gone.
It's ok to let poor people starve and die for want of food and health care. But fuck with a billionaire's billions will be a bridge too far.
barbtries
(28,817 posts)they voted for trump so their taxes would be lower. i feel like waving this news in their faces.
SleeplessinSoCal
(9,167 posts)Big mouth stocks go south.
Idle threat puts world in debt.
Warpy
(111,408 posts)but only by a whisker, each. There still might be a late selloff.
A decline in the stock markets might be the one thing the plutocrats would rally around to get him to shut the fuck up for a while. War doesn't scare them, they've all got bolt holes in NZ. Losing money scares them.