Investors Not Overly Concerned About NKorea’s Terror “Antics”

Investors Not Overly Concerned About NKorea’s Terror “Antics”

Investors Not Overly Concerned About NKorea’s Terror “Antics”

$JPM

JPMorgan (NYSE:JPM) CEO Jamie Dimon said NKorea a ‘terrible threat’ but markets should not expect a bad outcome.

Mr. Dimon explained it would be a mistake for investors to rush to rash decisions on concerns of a nuclear war.

“I think there’s a higher chance of something going wrong in the Korean Peninsula, it’s slightly higher than it was before,” he said in a TV interview.

“But I don’t think it’s going to change my view of how we should go around the world and work with each other and grow our economies. It’s just this terrible threat hanging out there,” he said on the sidelines of an investor summit in New Delhi, India.

Mr. Dimon said that he would not “price a crisis” into markets over the NKorea nuclear threat. “I think that would be a mistake,” he said.

“As I pointed out before, geopolitics is always a surprise, sometimes positive, sometimes negative, it always scares you when you read the paper in the morning. But in history of mankind it usually resolves itself. I’m not saying I’m not prepared for a bad outcome, I’m simply saying I wouldn’t expect a bad outcome,” Mr. Dimon said.

For his part, President Donald Trump hit back at North Korea leader Kim Jong Un’s threats Friday morning, responding to the rogue nation’s “Madman” leader with a promise that he “will be tested like never before!”

Kim Jong Un of North Korea, who is obviously a madman who doesn’t mind starving or killing his people, will be tested like never before!

 President Trump’s Tweet Friday came after Kim lashed out late Thursday, calling Trump “deranged” and a “dotard,” saying he will “pay dearly” for threatening to destroy Pyongyang in his speech to the United Nations last Tuesday.

“Dotard” is a translation of a Korean word, “neukdari,” which is a derogatory reference to an old person.

Kim said President Trump was “unfit to hold the prerogative of supreme command of a country” and “a rogue and a gangster fond of playing with fire.”

Kim’s foreign minister later said NKorea may test a hydrogen bomb in the Pacific Ocean to fulfill Kim’s vow to take the “highest-level” action against the United States.

Have a terrific weekend.

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Paul Ebeling

Paul A. Ebeling, polymath, excels in diverse fields of knowledge. Pattern Recognition Analyst in Equities, Commodities and Foreign Exchange and author of “The Red Roadmaster’s Technical Report” on the US Major Market Indices™, a highly regarded, weekly financial market letter, he is also a philosopher, issuing insights on a wide range of subjects to a following of over 250,000 cohorts. An international audience of opinion makers, business leaders, and global organizations recognizes Ebeling as an expert.

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