This is a stark analysis from the usually easygoing, sanguine Anatole Kaletsky.

"While we should always recall at a time like this the famous advice from Nathan Rothschild to buy at the sound of gunfire,' the drastically risk-off response to weekend events in Ukraine makes perfect sense, because Russia’s annexation of Crimea is the most dangerous geopolitical event of the post-Cold War era, and perhaps since the Cuban Missile crisis."

Short, and some good history.