This is an excellent, MUST READ article by Ambrose Evans-Pritchard, published in the Telegraph.
It looks like the financial markets are now adjusting to the very real risk of Russia invading Eastern Ukraine, disguised as a humanitarian effort.
With Russia now retaliating for G7 sanctions, we are seeing Russia reciprocate this week, with sanctions on European vegetables and fruit, plus importation of chicken meat from the US.This could potentially be a very tough winter for the Russian masses.
Personally, I hope that President Putin will blink. This seems to be in the best interests of both the World and the Russian people.
Of course, if Russia does go ahead with the invasion, disguised as as a humanitarian intervention, this will seriously raise the ante for a powerful response by the US, Europe et al. With much of the World still struggling with the impact of excessive austerity, this would potentially severely impact global growth.