COMMENTS: A wide mix of ingredients are cooking in the Saudi economic pot. The final dish is Vision 2030, a thriving Saudi economy not totally dependent on oil.
But because 2030 is only 12 years away, turbo speed is required in the transformation process and this may necessitate adding a Continue reading “A Delicate Period for the Saudi Economy”
DAILY BASKET – NEWS COMMENTARY
CHINA TO ADJUST ITS ECONOMY
MARSAL COMMENTS: China monetary policy will become tighter. Higher interest and less lending is expected, especially for the over-leveraged businesses such as steel, coal, non-ferrous metals and construction materials. The objectives are to gradually deflate the bubbles that have Continue reading “CHINA TO ADJUST ITS ECONOMY”
THE PROPOSED SOLUTIONS FOR THE DEFICIT ARE INSUFFICIENT
With the shrinking of our income, we have begun to dig up old ledgers in search of scapegoats to blame for the loss of revenue, and thence, in search of someone to burden with our expenses and free more net income for us.
This is very normal thinking and reflects commercial shrewdness usually restricted to private companies.
But, even private companies sometimes fail in tackling excess expenses over revenues, and are forced into bankruptcy, while others downsize to a fraction of their previous self, and a few, find salvation by merging with bigger companies, or with similar but more successful and profitable ones. Continue reading “KUWAIT BUDGET DEFICIT SOLUTIONS”