Putin the pest has done it again, with military manoeuvres on the Ukraine border spooking stocks. And the Crimean election this weekend could make things ever messier, if it goes the way Russia is expecting. In fact, Russian media is talking about an annexation as though it’s a past the post certainty!
You can’t be optimistic when the US Secretary of State, John Kerry, is warning that things will get “very serious” if Crimea votes to leave the Ukraine.
And this curve ball comes just as the economic data out of China was not inspiring. Let’s look at the numbers more closely.