Stepped-up rhetoric on North Korea wipes $1 trillion off world stocks

[bathroommonkey76]

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]

1. Heck of a job, Trump.

[riversedge]

2. I am sure he will take credit for it in his tweets today. (NOT)

[bronxiteforever]

3. Winning, so tired of winning.

[Dave Starsky]

14. Oh, they're winning, all right.

No doubt the whole family shorted it. It's not like anyone would stop them.

[riversedge]

4. Why is trump broadcasting to the world our military tactics? when he said he would not?....

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]

9. Mainly because he's so stupid, but he's a traitor so he does it on purpose.

"His" generals are looking pretty nervous.

[truthisfreedom]

5. Leaker-in-Chief? Depends. Is the only stock going up.

[kimbutgar]

6. I had a dream this morning that make me think I am really scared he's going to get us into

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]

7. Tired of Winning yet?

[KG]

8. wasn't real anyway.

the burdens of the wealthy are something i don't lose sleep over.

[flibbitygiblets]

10. Most tRump's base don't have stocks so they probably are cheering this news

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]

11. I thought the markets were a sucker's game ruled by the 1%. nt

[tblue37]

20. People with pensions usually have that pension money invested.

I am a state employee. If stocks fall drastically, my meager pension becomes even more meager.

[citizen blues]

12. But, Of Course It's Obama's Fault

That stock markets are reacting to Donnie boy shooting off his mouth.

[Cosmocat]

16. Clinton's fault

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]

18. You forgot - Reagan walks on water

[broadcaster90210]

13. Soon as he pisses off the rich people enough ...

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]

15. there are a bunch of people in this office

they voted for trump so their taxes would be lower. i feel like waving this news in their faces.

[SleeplessinSoCal]

17. new spin on "loose lips sink ships"

Big mouth stocks go south.

Idle threat puts world in debt.

[Warpy]

19. Dow and NASDAQ both up so far today

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.