September 30, 2015

AND THINGS HAVE ONLY STARTED TO GET FUN:

Saudi Arabia is facing a cash crunch (Matt Egan, 9/30/15, CNN Money)

The cash crunch caused the OPEC leader to sell bonds over the summer to raise at least $4 billion. It was the first time Saudi Arabia tapped the bond markets in eight years.

Now there are signs Saudi Arabia is pulling out cash from global asset management firms like BlackRock (BLK).

The Saudi central bank has yanked $50 billion to $70 billion over the past six months, Nigel Sillitoe, CEO of financial services market intelligence firm Insight Discovery, told CNNMoney.

Wait'll they start fighting the Russians in Syria.

Posted by at September 30, 2015 7:07 PM
  

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