Korea's Sovereign Default Risk and Standoff on the Korean Peninsula

Two widely read econ blogs in the U.S., Mish’s Global Economic Analysis and Zero Hedge discuss Korea’s sovereign default risk and mounting tension on the Korean peninsula.

Watch for a correction in global stock markets.

http://www.zerohedge.com/article/spain-italy-and-korea-default-risk-spikes-more-20

http://www.zerohedge.com/article/global-markets-plunge-both-koreas-put-war-readiness

http://www.zerohedge.com/article/north-korea-severs-all-relations-south-korea-50-bps-ecb-rate-cut-rumor

http://globaleconomicanalysis.blogspot.com/2010/05/tensions-mount-in-asia-north-korea.html