Despite Treasury Secretary Jack Lew's insistence that "costs" have been imposed on Russia:
- *LEW SAYS SANCTIONS IMPACT SHOWN IN RUSSIAN STOCKS, FX RATE
It appears from the chart below that - once again - for the elites "when it gets serious, you have to lie."
[2]
(of course, those wishing to split hairs might say that Russian stocks collapsed before this... but that is not what Lew said - he said Sanctions impact was evident in stocks... and that is not true - the weakness before was EM crisis and war concerns)
and if it's not stocks then...
- *LEW SAYS SANCTIONS CAUSING 'REAL PRESSURE' ON RUSSIA ECONOMY
We are sure that US will hockey-stick but Russia won't?
[3]
"costs" indeed...