The much-watched whisper issue in the Middle East centers on the ability of Saudi Arabia to transition their economy from its oil addiction. With a gaping hole in its 2016 budget having been closed to a greater degree in the first quarter of 2017, HSBC reports that causation for the closing of the deficit was an old Saudi ally: the price of oil. Can the strict religious society with a defined cast system break out and develop into a creative and flourishing economy in the Western sense of the concept? Or is it doomed to live and die by the…
Latest Saudi Budget Report Shows Oil Addiction Hasn't Been Shaken
Mark Melin
Mark Melin is an alternative investment practitioner whose specialty is recognizing the impact of beta market environment on a technical trading strategy. A portfolio and industry consultant, wrote or edited three books including High Performance Managed Futures (Wiley 2010) and The Chicago Board of Trade’s Handbook of Futures and Options (McGraw-Hill 2008) and taught a course at Northwestern University's executive education program.