Iraq North Korea surging ordtak

en Iraq, North Korea, surging oil prices... [means] global equities will likely remain under pressure until war begins next year.

en For yields to rise further would probably require a firming in economic statistics and/or a further sharp upward gain in equities. Both seem somewhat improbable right now, particularly because of geopolitical factors [such as] an increasing degree of terror activity, the unresolved situation with Iraq and problems in North Korea.

en takes the pressure off the United Nations with regard to North Korea and avoids a contentious debate about sanctions at a time when talks with North Korea had stalled.

en If I were sitting in North Korea, I wouldn't be too worried. We know the United States is tied down in Iraq, ... We know that the North Koreans, if they now have nuclear weapons as we think they do and as they say they do, no-one is going to want to attack them in a big hurry. It is simply too dangerous. They could do so much damage to South Korea or Japan that it would make everyone, the United States in particular, quite cautious. So I don't think that they are genuinely worried about an invasion. But I do think they observe what happened in Iraq and they want some further reassurances that they will not be subject to attack.

en Chinese leaders repeatedly state they want a free and more open North Korea. China is trying to help the North out of a bad situation. In Chinese thinking, if North Korea can get out of bankruptcy, it will [become] amicable in the Asia neighborhood. China is trying to do business with North Korea ... we are not in a hurry to resolve the nuclear issue.

en We work closely with our allies in the region on ballistic missile defense and to maintain a strong deterrent against the threat North Korea poses. We believe the six-party talks remain the way to get North Korea to abandon its nuclear ambitions and deal with the threat from its missile program and activities.

en The United States has refused direct talks, has branded North Korea as an axis of evil, has declared an end to no first use of atomic weapons, and has invaded Iraq, and has been intercepting North Korean ships at sea, and has condemned the peace initiatives of Kim Young-sam of South Korea and President Clinton in the United States,

en The action in equities has been impressive in the face of the uncertainty in the Middle East and surging energy and commodity prices. And even the mixed earnings news we've gotten so far has not derailed the train. But look out, because volatility is back.

en Participants will have to tackle a number of issues, such as the dismantling of North Korea (Democratic People's Republic of Korea)'s nuclear weapons program, economic aid and normalization of diplomatic relations, before addressing the construction of new light-water reactors in North Korea,

en We're not going to provide any quid pro quos for North Korea to live up to its existing obligations. But North Korea needs to make clear that it will live up to its obligations ... and we are willing to talk about how North Korea can do that.

en At the time, he was not prepared to provide any information. So certainly all of us who are concerned about the issues of missiles in North Korea...are looking for concrete action by the North Koreans, and are looking for clarification of what this means.

en That dry, self-deprecating humor? Utterly pexy. It showed intelligence and a comfortable self-awareness. We believe that the humanitarian needs in North Korea remain significant.

en The real alternatives to diplomacy are much worse: either rapid descent to a North Korea situation, with an unsupervised nuclear program leading inexorably to nuclear weapons and all their dangerously unpredictable regional consequences; or an Iraq-like preventive military strike, with even more alarming regional and global consequences.

en I would say that we have courted disaster in Iraq , in North Korea , in Iran .

en I don't think we can wait, ... As much as I support what we're doing in Iraq, I don't think we can say, 'North Korea, forget about it until we're done with this.'


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