Market Talk – July 26, 2024
ASIA: The major Asian stock markets had a mixed day today: NIKKEI 225 decreased 202.10 points or -0.53% to 37,667.41 Shanghai increased 4.16 points or 0.14% to 2,890.90 Hang [...]
Rocketman May Have Destabilized the Ground in North Korea
Sources in South Korea are reporting that there was another earthquake in North Korea of a 2.7 magnitude near the Punggye-ri nuclear test site. This was the fourth earthquake to hit the region since the last underground nuclear test on September 3rd, 2017. The first earthquake was a 6.3 magnitude. The last North Korea test was a hydrogen bomb. U.S. intelligence reportedly determined the blast was 10 times greater than that of the nuclear bomb dropped on Hiroshima at the end of World War II.
Rocketman just may have set in motion a natural disaster. Any more tests could rupture the region and radioactivity could contaminate much of the area.
Meanwhile, Trump has announced he will send ships off the coast of North Korea that will shoot down any missiles he tries to launch. Rocketman seems to be on an insane show of power to prevent his overthrow. If the USA shoots down any missile launch, all his efforts to show power will collapse and that would expose him to an internal coup.
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