Thursday, August 28, 2014

Sanctions not seeming to have effect on Russia

My point about sanctions is that they don’t seem to be hurting Russia, I don’t see that there’s any major sanctions that can hurt Russia over any extended period of time, so, no, I am for one do not see how sanctions from America, especially if their allies don’t go along with them, or don’t go along with them in a big way – I don’t see how that can hurt Russia other than, maybe, in the short-term. It’s just that I don’t see it.

Jim Rogers

Warren Buffett

Nouriel Roubini