Troubles In Asia | Armstrong Economics

South Korea Share Market KOSPI 200

 

North Korean leader Kim Jong Un has escalated tensions with South Korea by declaring his “legitimate right” to annihilate its southern neighbor. This latest threat comes amid heightened provocations and strained relations between the two nations, further raising concerns about regional stability. We will be doing a Special Report on Asia. This year 2024 is a serious Directional Change. We are looking at much more instability in Asia.

Taiwan ECM 2

Meanwhile, Taiwan hosted the first of many critical elections in 2024 elections that are going to reshape the global political outlook into 2032. Lai Ching-te of the ruling Democratic Progressive Party (DPP) defeated Hou Yu-ih of the Kuomintang (KMT) and Taiwan People’s Party (TPP) candidate Ko Wen-je.

Lai’s victory is not welcome news in China. His stance as a pro-independence supporter has softened over the last decade; he now emphasizes that the Republic of China, Taiwan’s formal name, is already a sovereign state, so independence is unnecessary. Yet many are deeply concerned that Lai’s presidency may further worsen relations with China.

Once again, 2024 is a Directional Change, and we have a Panic Cycle in 2026. It looks like war into 2028.