Saudi Arabia has a giant mess on its hands

January 4, 2016 11:34 AM

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Saudi Arabia has a giant mess on its hands

The next casualty in Saudi Arabia's oil price war might be its own economy.

That's because, with oil revenues drying up, Saudi Arabia is about to make the same mistake that Europe has over and over and over again. What's that? Well, trying to cut its budget without cutting interest rates or otherwise softening the economic blow.

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