North Korea missile salvo hits the law of diminishing returns

After 27 missile launches in two days, together with a long-range projectile that did not overpass Japan and one other that crossed a nautical border with South Korea, one factor is obvious: North Korea is getting diminishing returns from its theatrics.

In the course of the “hearth and fury” period in 2017, a missile overpass of Japan brought on gold to rise, Japanese shares to fall and Treasuries to rally, as a army confrontation appeared to some to be inevitable. Nowadays, markets are extra involved with Jerome Powell than Kim Jong Un.