Brad Setser(@Brad_Setser):Bottom line tho, is that the domestic ambitions of MBS are expensive, and the Saudis have one of the highest break evens of any of the oil exporters. The interact with global markets thus more as a levered investment fund than as a source of dollar liquidity for global banks/ markets /end

Brad Setser

@Brad_Setser

CFR senior fellow. Views are my own. Writes on sovereign debt, trade, fx reserves and capital flows.

Joined May 2016

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Brad Setser@Brad_Setser

2026.04.01 15:41

Bottom line tho, is that the domestic ambitions of MBS are expensive, and the Saudis have one of the highest break evens of any of the oil exporters. The interact with global markets thus more as a levered investment fund than as a source of dollar liquidity for global banks/ markets /end