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Booming oil prices are flooding Arab countries with money, but where most of it would once have...
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Friday, April 27, 2012, 10:57 AM ETBooming oil prices are flooding Arab countries with money, but where most of it would once have been pumped into world financial markets, much of it is now being spent at home. Gulf states are embarking on nearly $500B in spending, up 35% in three years, as they lavish funds on domestic projects as a defensive response to the Arab Spring uprisings that have toppled other Middle East governments.
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who is going to buy these toxic pieces of paper?
BERNANK!
Yeah the HERO to the rescue.
Clock is ticking away until the end game dollar and treasury bond crisis. The blame falls squarely on this misguided fools back. HE IS THE GREAT ENABLER. INDEPENDENT my @$$. Misguided arrogant and sell out YES.