Following the signing of the Caesar Syria Civilian Protection Act on December 27th by President Trump, which slapped new harsh sanctions on Syria’s leaders, the Syrian pound has undergone a drastic depreciation in value. Since December 27th, the Syrian pound has depreciated by 15%, while implied annual inflation has risen from 85% to 116%.
"...the underlying data highlights a manufacturing sector that is not out of the woods yet, with goods producers seeing only modest gains in output and new orders. "
You’re staring at a massive asset price distortion with indices and individual stocks dancing at an 80’s RSI party, while yields and growth not confirming any of this...
