Short Russia; Lose a Bundle
2:10 PM, Aug 29, 2014 • By GEOFFREY NORMAN
New rule for investors: Don’t listen to stock tips from White House flacks. As Steven Dennis of Roll Call writes, then White House press secretary Jay Carney said at the March 18 daily dog and pony show, when asked about the effects of sanctions on Russia:
This was typical White House blustering. We’re coming at ‘em with sanctions and they’re going to hurt. Just you watch.
Seems, however, that:
About six percent, actually.
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