Switching to Western platforms is too expensive. Instead the country needs to do the hard work of developing a viable domestic defense industry. 

Central bankers have to pick between the immediate fight against inflation and the looming battle to stave off a recession.

Assets remain in cash and savings but, for a country full of retired people, pensions may not be enough to keep up with inflation.

Also Wells Fargo fake interviews and the continuing Musk Twitter drama.

Worries about growth and earnings are joining concerns about higher interest rates and tightening financial conditions.