Open wheel racing: this weekend --
- June 6, 2020
- 7:00 p.m. CST (sic) on NBC
- Texas Motor Speedway
- Are you kidding me? CST -- Texas, like most of the nation, switched to daylight savings time back in March, 2020 -- CST?
Saudi raises import fees, see link here:
Let's do the math.
Saudi Arabia imports about $30 billion each quarter, link here. Import fees will range from 0.5% to 15%. Let's assume 15% on all imports. $30 billion x 0.15 = $4.5 billion / quarter or $1.5 billion / month.
PIF generates $5 billion / month on a 10% annual return.
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.