Saudi In Deep Doo-Doo -- The Saga Continues -- March 6, 2019

See this post to bring yourself up to speed. My hunch: Vladimir Putin has seen this chart.

Now, the most recent data -- Saudi's foreign exchange reserves continue to dwindle (this is starting to look like Warren Buffett's Kraft-Heinz debacle). Link here:

This data is generally posted at the beginning of each month, and lags by two months. For example, data presented on March 1, 2019, reflects most recent data available, two months earlier: December, 2018.

Again, the critical number to watch: 180... with a bunch of zeroes. Going below 180.... will set a "modern" record low.

The ten-year graph: