Bread and circuses
King Abdullah of Saudi Arabia has this response to the crises around him: spend £22bn immediately on a 15% wage increase for civil servants, forgiveness of debts for prisoners and financial aid for students and the unemployed; spend a further £247bn by 2014 to improve Saudi education, infrastructure and healthcare; and to replace any Libyan oil reserves which may be lost with crude oil of the same quality. Do you think these measures will appease his people?
posted by Whispering Walls at 9:25 am
5 Comments:
Should we sell up and move to Saudi?
Somehow, I think we'll have to wait until the long hot days of summer to know one way or the other. Plenty of time for traders to go through risk on, risk off at least two or three times.
I don't think they are dog-friendly, ED
So we're still long vol, Angus?
It's a good country to be a civil servant.
Not the women!
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