A funny thing happened since The US unleashed Russian-economy-crushing sanctions… the “costs” appear to have weighed down US and European stocks as Russian stocks gained?
As a reminder since the initial sanctions in March, the S&P 500 is up just over 4% and Russian stocks up just over 13% – so much for Carney’s “sell” order.
But Jack Lew promised:
- *LEW: SANCTIONS WILL HAVE MINIMAL IMPACT ON U.S. ECONOMY
via Zero Hedge http://ift.tt/1xLgKsN Tyler Durden