Why the Saudis will either blink…or collapse

In Free by Cam Hui

As Saudi Arabia`s budget has come under pressure from low oil prices, I see that the Kingdom (KSA) has announced a diversification initiative into IT, healthcare and tourism (via CNBC): Saudi Arabia outlined ambitious plans on Monday to move into industries ranging from information technology to health care and tourism, as it sought to convince international investors it can cope …

What’s wrong with South Africa?

In Free by Cam Hui

The study of emerging markets is a useful exercise in examining our assumptions about economies and markets because they sometimes operate by different rules than developed economies. As an example,¬†Bloomberg reported today that the markets are freaking out over the firing of the finance minister: South African markets were thrown into turmoil after President Jacob Zuma fired the finance minister, …