Saudi Arabia Announces Fiscal Deficit of $135 Billion

Yesterday, Saudi Arabia announced that 2015 would produce a budget deficit amounting to $135 billion (367 billion riyals). A royal decree, effective on Tuesday, will increase petrol prices by 50%. This will only bring gasoline to 33 cents (0.90 riyals) … Continue reading

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We are TOO Stupid to Vote

Aristotle believed that after Pericles died in 429 BC, the demos had continually appointed charismatic demagogues who undermined Athenian democracy. The three main Greek philosophers were against Democracy because the [...]
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Market Talk – April 15, 2024

ASIA:   The major Asian stock markets had a mixed day today: NIKKEI 225 decreased 290.75 points or -0.74% to 39,232.80 Shanghai increased 37.90 points or 1.26% to 3,057.38 Hang [...]
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