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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 368.29+0.6%Nov 7 4:00 PM EST

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To: TobagoJack who wrote (22848)9/21/2007 8:33:53 AM
From: elmatador  Read Replies (1) of 217573
 
<Saudi central bank said today that it would take "appropriate measures" to halt huge capital inflows into the country,>>

1st I did was to look at what the GCC reacted. Message 23893797

<<UAE and Kuwait cut interest rates after the US Federal Reserve slashed its benchmark rate for the first time in more than four years>>

Looked that they were prepared.

But looking into what Saudi is doing it <<Saudi central bank said today that it would take "appropriate measures" to halt huge capital inflows into the country,>>

"Saudi Arabia has $800bn (£400bn) in their future generation fund, and the entire region has $3,500bn under management. They face an inflationary threat and do not want to import an interest rate policy set for the recessionary conditions in the United States," he said.
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