Tuesday, July 22, 2014

Russian View: Why Putin Is Not Impressed

from Wolf Street: The effects of the first round of US sanctions enacted in the aftermath of Crimean referendum have been somewhat, let’s say, surprising for Western mainstream media. Besides the obvious fact that the sanctions haven’t had a visible impact on Russian foreign policy, they marked the local bottom of the Russian stock market, which has since outperformed the US stock market. This chart, comparing the Market Vector Russia ETF (RSX) and the SPDR S&P 500 ETF (SPY), is an illustration of the effectiveness of the Obama Administration’s Russian policy. Not even the plunge of the RSX following the tragedy of Malaysia Airlines flight 17 pushed the RSX down to the level of the SPY: Let’s take a look at the companies targeted by the new round of sanctions and see whether their existence is threatened by the Washington’s decision to cut them off from the US debt markets. Read More @ WolfStreet.com



Read more about Russian View: Why Putin Is Not Impressed

No comments:

Post a Comment