War destroys wealth. Here’s a visual of Ukraine’s currency tanking today. Any coincidence that Secretary Kerry arrived today?
And here’s another fun currency chart. This is the Syrian pound tanking on May 13, 2013. That was a Monday for anyone checking their calendars. Any guess as to what happened Friday May 10, 2013? Secretary Kerry made news headlines when he said there was “strong evidence” Syria used chemical weapons. If anyone knows Secretary Kerry’s travel schedule let me know so I can get some FX positions on accordingly.