Ambivalent Enmity: The Dynamics of Antagonistic Relations in Europe, Asia and the Middle East

I am under no illusion that our present strategy of using means short of total war to achieve our ends and oppose communism is a guarantee that a world war will not be thrust upon us. But a policy of patience and determination without provoking a world war, while we improve our military power, is one which we believe we must continue to follow….
Under present circumstances, we have recommended against enlarging the war from Korea to also include Red China. The course of action often described as a limited war with Red China would increase the risk we are taking by engaging too much of our power in an area that is not the critical strategic prize.
Red China is not the powerful nation seeking to dominate the world. Frankly, in the opinion of the Joint Chiefs of Staff, this strategy would involve us in the wrong war, at the wrong place, at the wrong time, and with the wrong enemy.

The question of where Europe ends and Asia begins has troubled many people over the years, but here's a rule of thumb: if someone can pose as an expert on the country in question without knowledge of the relevant language, it's part of Asia.

It is a situation whereby U.S. markets have rallied to record highs, the S&P that is, just a couple of days ago, then of course investors will get a little bit nervous at high levels. I think they'd really like to see the earnings come out just to back up the theory that the U.S. markets are on the mend and is in a much better place now. --Stan Shamu, market strategist at IG in Melbourne, Australia, said the negative sentiment in Asia is a follow-through from the pullback in the U.S. markets.