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?
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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
