by Karl Denninger, Market Ticker:

Putin gave a speech and the media is all a-twitter over it.

“To those who allow themselves such statements regarding Russia, I want to remind you that our country also has various means of destruction, and for separate components and more modern than those of NATO countries, and when the territorial integrity of our country is threatened, to protect Russia and our people, we will certainly use all the means at our disposal,” Putin said in a Wednesday address.

“It’s not a bluff,” he added.