North Korea's ongoing posturing and threatening has been good for China this year.
And there's no reason why Beijing would realistically want to put a stop to it.
by A.J. Bursick
North Korea's ongoing posturing and threatening has been good for China this year.
And there's no reason why Beijing would realistically want to put a stop to it.
The Trump White House is taking a page right out of President Reagan's playbook. When Reagan took office in January 1981, he sought to rebuild a military depleted by years of war and tough congressional budgets.
Trump took office last January after campaigning on a defense buildup from a budget of around $580 billion. He said he wanted to beef up the military after prolonged battles in the Middle East and annual defense budget fights on Capitol Hill that limited weapons spending.
That's why Trump called for a fiscal 2018 defense budget that is 10% larger than the year before, making it the biggest increase since the Reagan years.
Make no mistake, this gives us a "target-rich" opportunity for the new year. After all, Trump wants more airplanes, tanks, and troops, as well as technology for missile defense and a wide range of other platforms.
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It's outperformed the S&P 500 more than double in the past two years...