So instead of discussing the latest report from the OECD on the global economy, or the latest statement from (any) central bank, we start with the NATO statement, which met for the second time in two weeks to discuss matters under Article 4 of the Washington Treaty. This time it was at the behest of Estonia, whose airspace was violated last Friday by three armed Russian jets.

The statement said that NATO expresses its "full solidarity with all Allies whose airspace has been breached. Russia bears full responsibility for these actions, which are escalatory, risk miscalculation and endanger lives. They must stop."

The statement went on to warn that "Russia should be in no doubt: NATO and Allies will employ, in accordance with international law, all necessary military and non-military tools to defend ourselves and deter all threats from all directions. We will continue to respond in the manner, timing, and domain of our choosing. Our commitment to Article 5 is ironclad."

If we compare the choice of language in this statement to the text read by NATO Secretary General Rutte following the Polish drone incident two weeks ago, which was mostly about NATO's readiness, vigilance and resolve to defend "every inch of Allied territory" – one can see this is a step-up in the strength and specificity of the wording used.

And then, on the heels of that NATO statement came the assertion by Denmark's PM Mette Frederiksen – following 'drone incidents' reported earlier that day at Oslo and Copenhagen airports – that the incident at Copenhagen was a "serious attack" on Danish critical infrastructure, adding that she couldn't "rule out that it is Russia" who is behind this.

If confirmed, would that be sufficient for a third NATO gathering? And if so, what wording would be used in their third statement? Or could NATO's next step be a more forceful token rather than putting out another warning text?

US President Trump may not stand in the way, it seems. In his address to the UN, the President lashed out at the institution, claiming that the UN does nothing to stop the world's problems. But his most remarkable comment perhaps was about Ukraine. The US president stated that Ukraine was in a position to reclaim all territory lost to Russia, with help from the EU. That's a big shift in stance. He also said that NATO should shoot down Russian aircraft that violate their airspace. On that note, the president also reiterated his earlier call on Europe to stop buying Russian oil, adding that the US will join in secondary sanctions on remaining buyers of Russian energy.