Will Saudi Arabia's lack of public and other program spending lead to a black swan?
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You can only postpone the inevitable for so long. I don't think it is imminent but definitely on the horizon. The money won't last forever. If you are asking will that have any effect on the current pricing strategy? I don't think so. It will not resolve the current slump. My guess is mid 20s.
So far they have only canceled the 11 soccer stadiums. They are digging into foreign reserves and already issued one new bond to continue public spending. They can keep this up for a few years before there will really be any noticeable change.
What's black swan?