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Rise of the U.S. Dollar (Part 4): The Sea of Billions Analytics Table
Income Estimates for Rise of the U.S. Dollar (Part 4): The Sea of Billions
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About Rise of the U.S. Dollar (Part 4): The Sea of Billions
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Oil priced in dollars solved one problem and created another: Saudi Arabia was suddenly awash in more money than its economy could absorb. This episode follows the battle to recycle those surpluses, from the scramble among Western powers to a confidential arrangement that gave the Saudis a privileged back door into the U.S. Treasury market. What looked like market recycling turns out to have rested on a far more carefully constructed financial engine.
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