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North Korea Sits Atop Geopolitical Worry List

Wall Street's geopolitical concerns usually center on the Middle East, but investors are now nervously listening to the saber-rattling emerging from the Korean peninsula that seems to grow louder each day.For now, market participants are betting the latest round of threats from North Korea represent just another springtime temper tantrum by a regime starving for attention, legitimacy and economic aid.While an all-out war in the volatile region remains unlikely, observers warn that the existence of a new cast of characters in this annual charade raises the chances of a costly miscalculation that could quickly spiral out of control."This is an extremely bellicose and crazy government in Pyongyang. There is the great potential for miscalculation here," said Carla Anne Robbins, an adjunct senior fellow at the Council on Foreign Relations. "Even if neither side wants to go to war, there is the potential for something pretty nasty to happen here."Even if the two sides avert a scary military ...

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