A Nuclear North Korea is a Gift to Investors

Here is an interesting article by Andy Mukherjee found on Bloomberg.com

I think it gives a good idea of the reality of the situation and explains the reasons behind the actions of the North.

A Nuclear North Korea Is a Gift to Investors: Andy Mukherjee

By Andy Mukherjee

Oct. 10 (Bloomberg) -- By claiming to have tested a nuclear device, the rogue regime of Kim Jong Il, North Korea's ``Dear Leader,'' has taken a calculated risk to prolong its life.

It has also done investors in South Korea a big favor, although the knee-jerk reaction of the equity and currency markets seemed to indicate just the opposite.

Let's face it. The risk that Kim might, gripped by rage, panic or madness, lob a nuclear bomb across the demilitarized zone hasn't increased from last week.

A de facto nuclear-capable state, which is what North Korea was until last week, is every bit as risky for its neighbors as a de jure one. But if Kim had not engaged in this nuclear brinkmanship, his murderous rule would have stood little chance of surviving the ongoing U.S. attempts to choke it financially...

Read the rest of the article at the link below


Bloomberg.com: Opinion