Tuesday, December 23, 2014

North Korean cyber-attack tensions are unlikely to rattle markets.



The tensions between the US and North Korea over the recent cyber-attack on Sony Pictures is unlikely to rattle financial markets unless it escalates into something far more sinister.

The US blames North Korea for the Sony hacking scandal and on Monday North Korea’s entire internet access was switched off and the country was without the worldwide web. The USA has 152,000 internet access service points, North Korea has just 4. Obama said the US would retaliate at a time that suited them and with an appropriate punishment that fitted the crime. Was it the US Government who shut down North Korea’s internet access on Monday? The US won’t admit to doing it but unless it was a group of private hackers playing games with North Korea one would have to assume the US Government had something to do with it.

Don’t be side tracked with financial entertainment and focus on the big picture fundamental trends which are set in place by Central Banks.

LTG GoldRock Insider Report Extract: Tuesday 23rd December 2014

No comments:

Post a Comment