Korean-ning Off The Rails

So while we were busy over here with mock bombs, TSA groping, basketball injuries and iPads, certainly Korea has found a way to calm down after last week's artillery incident, right?  The business of Asia is business, and my friend Asariel has his own econ blog, The Great Redoubt taking a hard numbers look at the world of finance and politics from a practical perspective.  So is it business as usual over there this weekend?

Not...really.

Well, at least there's some good news. North Korea apparently expressed regret for the civilian deaths. In this regard, a spokesman for the Committee for the Peaceful Reunification of Korea released a statement on Friday.

The recent military provocation by the puppet group is a product of the deliberate and premeditated plot hatched by it to save its smear confrontational campaign from total bankruptcy, tarnish the daily rising might of the DPRK, scuttle the efforts for improving the north-south relations and tide over the domestic and international isolation and crisis, it points out, and says: 

The group perpetrated the recent provocation prompted by a sinister calculation that in case the DPRK did not make any reaction it would take it as "a tacit recognition" of the illegal "northern limit line" and make it a fait accompli and in case the DPRK took a military counter-action, it would use it as a pretext for kicking up anti-DPRK smear campaign.

I give up. Watch for the Asian markets to tank on Monday.

Yeah.  Agreed.  This is thirteen flavors of bad right here folks, and with Asia and Europe all going haywire (like myself, Asariel believes all eyes should be on Portugal next) it's not going to be good for us over here.  Not to mention as Asariel reminds me "The Korean War never officially ended."