This is quickly descending towards a trade war and I’m starting to get the feeling this will be the catalyst that leads to a long-overdue correction in stocks.
France, the US, Germany, Britain and Italy will take further measures against Russia over the Ukraine crisis, according to the French Presidency, cited by Reuters.
I thought the Malaysian Airlines disaster would give Russian an opportunity for a graceful exit for the Ukraine, instead they’ve dug in and now it signals to the West that Russia has no plans to go away.
The upside might be reports separatist forces are demoralized and signs that Ukraine is prepared to launch a fresh offensive. Their best hope would be some kind of decisive victory that essentially ends the conflict.
