As the Labor Day sun sets in the west, the US now moves into a serious season.
Gone are the days of summer and vacations. Coming up is debt ceiling, contentious Congress and the historically challenging season on Wall Street.
As the three situations cited above play out, there are other challenges to the status quo.
The Charlottesville demonstration was perhaps a prelude to a late summer and fall unrest as both alts (right and left) take to the streets in smaller cities, not equipped to handle hostilities. Both these groups have little widespread acceptance, but will be given ample TV coverage in a chase for ratings.
Could North Korea actually launch a missile towards an US territory? I believe that will happen. It would not surprise me in the least if the NoKo leader Kim Jun Un sends a bomb towards Guam or another atoll in the Pacific on Sept. 12, which puts it on Sept. 11 in the US.
Should a missile attack happen, that would take care of the first two problems — the debt ceiling and a divided Congress — as both sides of the aisle now have a common enemy to unite against in North Korea.
Wall Street and its seasonal liquidity problems in Sept. and Oct. could see an initial crash, followed by further volatility as the Asian countries react to US response.
Let’s just say the Chinese proverb of “may you live in interesting times,” may play out very ironically this fall.