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"Costs?"

Tyler Durden's picture




 

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
 

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Fri, 08/01/2014 - 12:48 | 5033347 ShrNfr
ShrNfr's picture

Obama wouldn't know about costs. He has never had a job in anything but a law firm and government and has had his way paid by other people.

Fri, 08/01/2014 - 12:53 | 5033371 813kml
813kml's picture

The solution is obvious:  MOAR sanctions!!!

Fri, 08/01/2014 - 13:00 | 5033420 Pure Evil
Pure Evil's picture

Lew was right about it having minimal impact.

You can whip a dead horse until you're blue in the face.

But, you can only kill it once.

Of course, I could be wrong with a 4% GDP print.

Fri, 08/01/2014 - 13:06 | 5033457 pods
pods's picture

Does O have an Aboriginal blood in him?

Seems to know his way around a boomerang.

Wonder if he could bang out some tunes on the didge?

pods

Fri, 08/01/2014 - 13:12 | 5033480 BuddyEffed
BuddyEffed's picture

Are the Russians pulling their money out of western markets and putting those funds in their own markets where they then can't be Bailed In by a foreign cartel?

Fri, 08/01/2014 - 13:24 | 5033531 outamyeffinway
outamyeffinway's picture

This should be very good for a rising unemployment number.......

 

I mean lower unemployment and higher out of the job market rates....

Fri, 08/01/2014 - 12:53 | 5033375 john39
john39's picture

i seriously doubt he did any  legal work for any lawfirm.  all staged to hide the fact that he is a CIA product.  A trained actor/puppet.

Fri, 08/01/2014 - 13:12 | 5033488 Pure Evil
Pure Evil's picture

You would think that after eight years they would expect beaurucrats to get jobs in the private sector, but it seems its always been difficult to move welfare recipents to go from welfare to work.

Fri, 08/01/2014 - 12:55 | 5033378 Slave
Slave's picture

What happened to the Israel-Gaza cease fire being broken after only a few hours article? I saw it earlier, was gonna read it later, and now that I want to read it I can't find it.

Fri, 08/01/2014 - 13:02 | 5033430 Pure Evil
Fri, 08/01/2014 - 13:07 | 5033463 nink
nink's picture

Apparently genocide is ok when it is justified. Who new http://w01.freezepage.com/a/14069/09211XPDLSKVFJP/0. #WTF

Fri, 08/01/2014 - 12:54 | 5033385 williambanzai7
williambanzai7's picture

Fri, 08/01/2014 - 13:49 | 5033676 ChiangMai
Fri, 08/01/2014 - 12:56 | 5033397 yogibear
yogibear's picture

Community organizer vs a KGB tactician. 

Fri, 08/01/2014 - 13:02 | 5033439 Pure Evil
Pure Evil's picture

The only community organizing Barry ever performed was in the Chicago bath houses.

Fri, 08/01/2014 - 13:19 | 5033513 Otto Zitte
Otto Zitte's picture

? mole vs. ?

Fri, 08/01/2014 - 12:48 | 5033348 LawsofPhysics
LawsofPhysics's picture

All according to plan.  "Membership has it's privileges"

Fri, 08/01/2014 - 12:51 | 5033357 fonzannoon
fonzannoon's picture

The big firms are all dumping high yield and div payers in preperation for higher rates from Yellen. Should be a nice sale to buy.

Fri, 08/01/2014 - 12:50 | 5033359 icanhasbailout
icanhasbailout's picture

Dow starting with "15" in the near term is becoming a distinct possibility.

Fri, 08/01/2014 - 15:26 | 5034309 French Frog
French Frog's picture

It is also a distinct possibility that you have not learnt anything in the last 5 years...

Fri, 08/01/2014 - 12:51 | 5033360 Metalredneck
Metalredneck's picture

Forward!

(Soviet)

Fri, 08/01/2014 - 12:51 | 5033365 AGoldhamster
AGoldhamster's picture

Financial games, propaganda ... rigged ... like all other Indices are rigged?!

Putin seems smarter - anyway.

Fri, 08/01/2014 - 12:52 | 5033372 sudzee
sudzee's picture

OT:
http://w01.freezepage.com/a/14069/09211XPDLSKVFJP/0

When genocide would be permissable.

Fri, 08/01/2014 - 13:04 | 5033442 john39
john39's picture

there is a long history on genocide and religion:

http://deepreason.blogspot.com/2011/11/do-you-defend-yahwehs-genocide.html

and there are many purported explanations, but almost no one talks about a rather obvious common sense sense explanation.  The purported diety behind these stories either (1) isn't real or (2) isn't God at all...

by their actions you shall know them....

Fri, 08/01/2014 - 12:55 | 5033380 Dubaibanker
Dubaibanker's picture

Poor Moldova (3.56m pop), Georgia (1m pop) and Poland (38.5m pop) will bear the costs of Obama and EU's unilateral Russian sanctions: 

Russia Slaps Duties on Moldovan Imports in Mounting Trade Offensive
Fri, 08/01/2014 - 12:54 | 5033388 yogibear
yogibear's picture

Barry want's to know why it hurts so much when he hits himself hard.

Fri, 08/01/2014 - 12:56 | 5033391 goldhedge
goldhedge's picture

You MPNET FAGS taking note?

Fri, 08/01/2014 - 12:56 | 5033392 dropdeadfed
dropdeadfed's picture

That red curve on the first picture looks just like a boomarang.  Love it.  

 

Sometimes when you play hardball, someone is expecting your curve ball.

Fri, 08/01/2014 - 12:56 | 5033398 Coletrane
Coletrane's picture

Take THAT Putin .....

Fri, 08/01/2014 - 16:38 | 5034741 SAT 800
SAT 800's picture

Divine Justice. It's rare; but it's beautiful when it occurs.

Fri, 08/01/2014 - 16:56 | 5034840 daveO
daveO's picture

The US is broke and Russia has the oil. It's like showing up for a gun fight with a Bowie knife. False flag can't be far behind!

Fri, 08/01/2014 - 12:56 | 5033399 Hindenburg...Oh Man
Hindenburg...Oh Man's picture

The indices are being furiously defended every time we hit a new daily low. 

Fri, 08/01/2014 - 13:03 | 5033444 Mr Giggles
Mr Giggles's picture

Enjoy your illusion, hope you dont kill to many people.

Fri, 08/01/2014 - 13:12 | 5033487 Baldrick
Baldrick's picture

Gotta bring down the markets to drop the price of oil, sanctioning Russia. Only, what was the price that the frackers needed? 

Fri, 08/01/2014 - 16:38 | 5034738 SAT 800
SAT 800's picture

0.35 cents. next question ?

Fri, 08/01/2014 - 13:13 | 5033491 QEternity
QEternity's picture

I see a big fat black swan headed right for the house of cards

Fri, 08/01/2014 - 13:34 | 5033571 astoriajoe
astoriajoe's picture

I wonder what the proper way to cook a black swan is. Seems like we'll have a few coming our way sooner or later, and the price of everything else seems to be rising. Just want to be prepared.

Fri, 08/01/2014 - 13:14 | 5033492 Mr Giggles
Mr Giggles's picture

Till the shop keeper says, just a second.

Fri, 08/01/2014 - 13:17 | 5033503 Mr Giggles
Mr Giggles's picture

60,000-1 barel of oil to real Max Keiser WTF.

Fri, 08/01/2014 - 13:20 | 5033521 Joe Tierney
Joe Tierney's picture

Really funny!

 

The scabs in the West are so desperate to trigger a Putin over-reach that they are over-reaching themselves - Putin must be laughing his Slavic ass off just watching these drama queens get their undies in a bind.

Fri, 08/01/2014 - 13:34 | 5033579 astoriajoe
astoriajoe's picture

Has Jay Carney hung out his financial planning shingle yet?

Fri, 08/01/2014 - 13:36 | 5033584 Itchy and Scratchy
Itchy and Scratchy's picture

If there is any justice then that pathalogical liar will get a multi-million dollar bokk & speaking deal!

Fri, 08/01/2014 - 13:35 | 5033581 Itchy and Scratchy
Itchy and Scratchy's picture

Looks like the Kenyan kinda sanctioned himself?

Fri, 08/01/2014 - 14:01 | 5033766 yrbmegr
yrbmegr's picture

As is observed here multiple times a day, the stock market has nothing to do with the economy.

Fri, 08/01/2014 - 14:20 | 5033883 vincenze
vincenze's picture

Somebody will blame Putin for a US stock market crash.

Fri, 08/01/2014 - 16:08 | 5034551 Savyindallas
Savyindallas's picture

He's certainly a major contributor - not the cause of it -but maybe the spark that lit the fire. As far as blame  -he has none. I wish we had a Putin in charge of our country  - instead of another crooked, incompetent globalist muppet that simply reads the script and follows orders from his handlers.

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