Living with loons (or how markets shrug off WWIII)

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Here’s a nice graphic showing what North Korea just did to Japan:

Pretty provocative stuff! So far the Trump Administration response has been one of uncharacteristic restraint, which may be better or worse that mad tweets, via the FT:

Donald Trump warned that “all options are on the table” after North Korea launched a ballistic missile that flew over Japan early Tuesday morning.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.