Markets have not priced in worst-case Ukraine scenarios
At present, there is more jaw-jaw than war-war. Expect big price moves if peace talks fail and tanks start rolling.
The Lex Column
God created war so that Americans might learn some geography, quipped Mark Twain. Geographically challenged Europeans also have good reason to look up Ukraine on the map.
Russia has warned the US and NATO to make concessions or face a worsening security situation in Europe.
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