With the imminent threat of a Russian invasion of the Ukraine, financial markets dived yesterday both in Asia as well as the European markets.  I believe this is a knee jerk herd reaction.  I remember speaking to fund managers in the past - who have told me that during such periods of market irrationality, its best to sell first and raise cash levels as out of this uncertainty will rise good investment opportunities.  I tend to agree with this view hence I thought I would pen here some of my thoughts on the actual fundamentals.

Let's first look at the Ukraine.  Its a tiny country with a population of about 45-46mn.  Its GDP in 2012 was US$175bn.  10% of the economy is agriculture, 33% ...