Thursday, February 24, 2011

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?

5 Comments:

Blogger Eurodog said...

Should we sell up and move to Saudi?

12:13 pm  
Blogger Angus said...

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.

5:52 pm  
Blogger Winchester whisperer said...

I don't think they are dog-friendly, ED

So we're still long vol, Angus?

8:31 am  
Blogger Ellee Seymour said...

It's a good country to be a civil servant.

5:48 am  
Blogger Welshcakes Limoncello said...

Not the women!

11:15 pm  

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