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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 (90474)5/22/2012 2:06:26 AM
From: LostOnEarth  Read Replies (3) of 217575
 
TJ,

As KSA moves to drop it's national dependency on oil by fostering domestic businesses, it is still marginalized by the cheaper influx of foreign goods and services... only adding to the dilemma. Dubai on the other hand, has prospered further, yet it's technology boom as long since hit it's bell curve.

What do you suspect will be the over all effect to oil producing welfare nations states that are pegged to the USD, i.e. KSA, UAE?

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