On Your World, for a third time, Hoenig advocates military attack to boost stock marketJuly 11, 2006 2:24 PM EDT ››› BRIAN LEVY
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During the July 10 edition of Fox News' Your World with Neil Cavuto, touted by Fox News as the "No. 1 business news show on cable," Jonathan Hoenig, managing member of Capitalistpig Asset Management LLC, asserted that a pre-emptive attack on North Korea would cause "the market" to rise. "I would love to see us launch a pre-emptive attack on North Korea," Hoenig stated.
Hoenig's comments came during a discussion led by host Neil Cavuto about whether North Korea's recent actions would be a "wildcard" for investments. As Media Matters for America noted, Hoenig, a frequent guest on Your World, suggested on June 19 that the United States should attack North Korea in order to prevent a "major sell-off on Wall Street" and contended on June 5 that bombing Iran would raise the Dow Jones industrial average. Hoenig has also claimed that the U.S. economy would be unable to "thrive" if convicted September 11 conspirator Zacarias Moussaoui were not summarily executed, as Media Matters noted.
From the July 10 edition of Fox News' Your World with Neil Cavuto:
HOENIG: But are they a threat? I mean, I think if they are a threat to the U.S., why are we letting Japan take care of them? Why are we letting China take care of them? I mean North Korea is a threat, Neil, yes, to our market, but they're also a threat to the U.S. and to our allies. And I think the longer that we putz around with the U.N., and with negotiation, and with sanctions, I think the longer we appease them, the more we encourage them to launch these aggressive attacks.
CAVUTO: Well, Jonathan, what happens if we were to strike North Korea's nuclear-strike capability? Do what Japan wants to do on its own.
HOENIG: What happens to the --
CAVUTO: Then what?
HOENIG: Then what happens to the market?
HOENIG: I think the market rises. I would love to see us launch a pre-emptive attack on North Korea.