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There's going to be carnage in the financial markets when the oil producing nations' start selling off their assets in order to pay for necessities. Saudi has
by crdoconnor 11y ago
There's going to be carnage in the financial markets when the oil producing nations' start selling off their assets in order to pay for necessities.
Saudi has already started issuing bonds. Once they start selling off their trillion dollar sovereign wealth fund the ripple effect will be felt on asset prices all around the world. It has the potential to cause a self-reinforcing feedback loop as well.