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Trump, Pyongyang and Accountants - lethal mix ?

3rd Apr 2017
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So the commander-in-chief has stated over the weekend that if China can't rein in the man with the bad haircut he will go it alone. I wonder if anybody has pointed it out to the man with the questionable yellow hair that his counterparty is not doing a real estate deal and the "art of the deal" that Mr Trump is so fond of may be more akin to a Mexican stand-off, if you pardon the turn of phrase.

And what does it mean for us over here on our little island ? It's unlikely that any missiles are pointing towards us, given that surely even Pyongyang knows we are no longer a global power and hardly worth the cost of a nuke (especially as North Korea is skint) , but should the balloon go up with Washington there's a fair chance that we won't escape unscathed, even if it is only an economic shock.

As for the accountancy profession, does this mean a new risk consideration to incorporate into reports over going concern or perhaps is it merely a humdrum political and economic risk that has always existed , just that in the information age we all know about it so it is a "known known" and life trundles on merrily, just as it has since time immemorial throughout crisis after crisis. 

One thing is for sure and that is that if anything can divert our attention from Brexit it's going to be the Donald and Kim show. 

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By Knight Rider
03rd Apr 2017 16:05

After Obama's total failure of foreign policy and the ghastly spectacle of the sleazeball Clinton hugging the terrorist Gerry Adams Mr Trump does not have a difficult act to follow.
Much more pressure can be put on China to bring their errant nephew into line. Mr Trump may well look to Britain for some advice. Speak softly and carry a big stick used to be the British way, Donald occasionally needs a little help with the former.
Those companies who abandoned manufacturing in the UK and shipped all their tools out to China are about to realise that not only do they have to cope with much longer lead times but risk and volatility to their supply chains as well.

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