JPMorgan Warns Military Escalation In Ukraine “May Lead To A Lehman-Style Shock”

by Tyler Durden
ZeroHedge.com
08/29/2014

The sudden military escalation in Ukraine in recent days has, according to JPMorgan’s Alex Kantarovich, reduced the earlier hopes that the high level meeting in Minsk on 26 August would help to defuse the conflict. As Kantarovich warns, the markets are now bracing for the US/EU responses. In the worst case scenario, now appearing more likely, severe pressure on stocks may extend. As he concludes, “we believe that with the significant deterioration in the Ukrainian situation, markets may treat this as a Lehman-style shock.”

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This entry was posted on Friday, August 29th, 2014 at 9:37 am and is filed under Economics, New World Order, War Without End, World Politics. You can follow any responses to this entry through the RSS 2.0 feed.