There's just no way that that will escalate.
China will have every interest to stop any serious attacks.
I wonder if the South Koreans calculate:
Okay, they shelled and killed X of our citizens.
If we retaliate they'll kill Y and our economy will start contracting, costing MUCH MUCH more.
If there is a retaliation by South Korea which leads to a small war, China WILL step in. They should say that. It'n in their economy's interest!
So that problem keeps popping up on Bloomberg TV and newswires. But it's a non-economic event and would never turn into one without China stepping in a de-escalating the situation! I'm sure. :)
Second problem:
Ireland, Spain... That's where the real problem is. And specifically the banks in Ireland crashing on the equity markets PLUS the Spanish CDS spreads rising.
IF anyone can get the CDS spreads down for Spain then we can have our X-Mas rally I was hoping & positioned for!
IF they keep widening I'M FUCKED :)
For 2 days I've been long EURUSD at 1.3425 :S
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