{"id":3936,"date":"2012-03-22T18:16:18","date_gmt":"2012-03-22T22:16:18","guid":{"rendered":"http:\/\/goldstocksforex.com\/?p=3936"},"modified":"2012-03-22T18:16:18","modified_gmt":"2012-03-22T22:16:18","slug":"michael-auslin-playing-pyongyangs-games-wsj-com","status":"publish","type":"post","link":"https:\/\/thepatientinvestor.com\/index.php\/2012\/03\/22\/michael-auslin-playing-pyongyangs-games-wsj-com\/","title":{"rendered":"Playing Pyongyang&#039;s Games &#8211; WSJ.com"},"content":{"rendered":"<p>MICHAEL AUSLIN: It took barely two weeks for North Korea to play its old game of bait and switch, this time gutting the Feb. 29 &#8220;Leap Day Agreement&#8221; with the Obama administration that promised a moratorium on nuclear and missile testing. In an Ides of March announcement, Pyongyang revealed it would conduct a &#8220;satellite launch&#8221; on April 15, which coincides with the 100th anniversary of the birth of Kim Il Sung, founder of the North Korean regime.<\/p>\n<p>&#8230;.In a sense, the Obama administration has only itself to blame for this mess. For three years, it wisely avoided playing Pyongyang&#8217;s games. Unlike the Bush administration, which became increasingly desperate to patch holes in a flawed policy of making ever more concessions for little in return, the Obama team kept contact with former leader Kim Jong Il at a minimum, and refused to enter the Alice in Wonderland world of reaching agreement with the North only to face provocation and demands for more concessions.<\/p>\n<p>via <a href='http:\/\/online.wsj.com\/article\/SB10001424052702304724404577297360728872218.html?mod=WSJASIA_hps_MIDDLESeventhNews'>Michael Auslin: Playing Pyongyang&#039;s Games &#8211; WSJ.com<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MICHAEL AUSLIN: It took barely two weeks for North Korea to play its old game of bait and switch, this time gutting the Feb. 29 &#8220;Leap Day Agreement&#8221; with the Obama administration that promised a moratorium on nuclear and missile testing. In an Ides of March announcement, Pyongyang revealed it would conduct a &#8220;satellite launch&#8221; &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/thepatientinvestor.com\/index.php\/2012\/03\/22\/michael-auslin-playing-pyongyangs-games-wsj-com\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Playing Pyongyang&#039;s Games &#8211; WSJ.com&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[17,29,34],"tags":[2497,2542,2825],"class_list":["post-3936","post","type-post","status-publish","format-standard","hentry","category-japan-korea","category-the-big-picture","category-us-canada-countries-regions","tag-north-korea","tag-obama-administration","tag-pyongyang"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Playing Pyongyang&#039;s Games - WSJ.com - the patient investor<\/title>\n<meta name=\"robots\" content=\"noindex, follow\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Playing Pyongyang&#039;s Games - WSJ.com - the patient investor\" \/>\n<meta property=\"og:description\" content=\"MICHAEL AUSLIN: It took barely two weeks for North Korea to play its old game of bait and switch, this time gutting the Feb. 29 &#8220;Leap Day Agreement&#8221; with the Obama administration that promised a moratorium on nuclear and missile testing. 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He co-founded Incredible Charts and writes the popular Trading Diary and Patient Investor newsletters. Using a top-down approach, Colin identifies key macro trends in the global economy before evaluating selected opportunities using a combination of fundamental and technical analysis. Focusing on interest rates and financial market liquidity as primary drivers of the economic cycle, he warned of the 2008\/2009 and 2020 bear markets well ahead of actual events. 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The United States, Japan and South Korea agreed on\u2026","rel":"","context":"In &quot;Japan &amp; Korea&quot;","block_context":{"text":"Japan &amp; Korea","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/japan-korea\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":15090,"url":"https:\/\/thepatientinvestor.com\/index.php\/2017\/04\/04\/is-the-donald-long-gold\/","url_meta":{"origin":3936,"position":1},"title":"Is the Donald long gold?","author":"ColinTwiggs","date":"April 4, 2017","format":false,"excerpt":"Don't know if he is long, but Donald Trump is doing his best to drive up demand for gold. From the FT overnight: Donald Trump has warned that the US will take unilateral action to eliminate the nuclear threat from North Korea unless China increases pressure on the regime in\u2026","rel":"","context":"In &quot;China &amp; HK&quot;","block_context":{"text":"China &amp; HK","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/china-hk\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":15694,"url":"https:\/\/thepatientinvestor.com\/index.php\/2017\/08\/09\/gold-as-trump-insurance\/","url_meta":{"origin":3936,"position":2},"title":"Gold as &#8216;Trump insurance&#8217;","author":"ColinTwiggs","date":"August 9, 2017","format":false,"excerpt":"Yesterday's solid blue candle on the gold chart [XAUUSD] confirms my view of the precious metal as a form of \"Trump insurance\". After Trump and North Korea exchanged threats suggesting nuclear retaliation, gold gained 1.32%, breaking resistance at $1275\/ounce. Follow-through above $1300 would signal a primary advance, with a target\u2026","rel":"","context":"In &quot;Gold &amp; Precious Metals&quot;","block_context":{"text":"Gold &amp; Precious Metals","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/gold-commodities\/gold-precious-metals\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":6711,"url":"https:\/\/thepatientinvestor.com\/index.php\/2013\/02\/13\/time-for-u-s-to-disengage-from-north-korea-crisis-cato-institute\/","url_meta":{"origin":3936,"position":3},"title":"Time for U.S. to Disengage from North Korea Crisis &#124; Cato Institute","author":"Colin Twiggs","date":"February 13, 2013","format":false,"excerpt":"Doug Bandow suggests: Washington should begin contemplating, within earshot of Beijing, getting out of the way of its allies if the North continues to develop nuclear weapons. The message to China should be: if your client state continues its present course, you may face a nuclear-armed Japan. If that happens,\u2026","rel":"","context":"In &quot;Japan &amp; Korea&quot;","block_context":{"text":"Japan &amp; Korea","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/japan-korea\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":888,"url":"https:\/\/thepatientinvestor.com\/index.php\/2011\/09\/21\/barack-obama-home-alone-rich-lowry\/","url_meta":{"origin":3936,"position":4},"title":"Barack Obama, Home Alone &#8211; Rich Lowry","author":"ColinTwiggs","date":"September 21, 2011","format":false,"excerpt":"In his new book on the Obama economic team, Ron Suskind quotes former administration official Larry Summers complaining: \u201cWe\u2019re home alone. There\u2019s no adult in charge. Clinton would never have made these mistakes.\u201d via Barack Obama, Home Alone - Rich Lowry - National Review Online. Larry Summers \"We're home alone\"\u2026","rel":"","context":"In &quot;US &amp; Canada&quot;","block_context":{"text":"US &amp; Canada","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/us-canada-countries-regions\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":6634,"url":"https:\/\/thepatientinvestor.com\/index.php\/2013\/02\/05\/nana-rolland-north-korean-pawn-in-a-chinese-chess-game-wsj-com\/","url_meta":{"origin":3936,"position":5},"title":"Nana Rolland: North Korean Pawn in a Chinese Chess Game &#8211; WSJ.com","author":"Colin Twiggs","date":"February 5, 2013","format":false,"excerpt":"NANA ROLLAND at WSJ writes: While it steps up its own provocative actions, including recurrent intrusions into Japanese waters and airspace around the disputed islands, China exhorts the U.S. to restrain its \"troublemaking\" Japanese friends. The implied linkage is clear: As Beijing tries to forestall North Korean brinksmanship, it expects\u2026","rel":"","context":"In &quot;China &amp; HK&quot;","block_context":{"text":"China &amp; HK","link":"https:\/\/thepatientinvestor.com\/index.php\/category\/countries-regions\/china-hk\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/3936","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/comments?post=3936"}],"version-history":[{"count":0,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/posts\/3936\/revisions"}],"wp:attachment":[{"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/media?parent=3936"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/categories?post=3936"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/thepatientinvestor.com\/index.php\/wp-json\/wp\/v2\/tags?post=3936"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}