ZeroHedge: Saudi De-Peg Looms As FX Market Signals Loudest "Black Swan Warning" In 13 Years
And there you have it. It's either stop it with the whole flooding an oversupplied market strategy, or let the peg fall before SAMA runs dry. Bear in mind that it's not just falling crude, the peg, and generous subsidies that are weighing on the Saudis. There's also the war in Yemen and the prospect of a stepped up role in Syria.
No comments:
Post a Comment