Thoughts on North Korea, Fire And Fury Edition

The North Korean crisis began as fake news, but has taken on a real life of its own as Trump and Kim, two master persuaders, play a game of escalating belligerency and threat of war. Neither wants war. Neither is mad. The threat of war, then, is a necessary precondition for the negotiations that both of them are subtly signaling they want. The present correction, which was inevitable and overdue anyway, will end the moment decisive action is taken. Trump could come out of it with a renewal of political capital that will help him achieve his pro-growth economic agenda.