The Straw That Broke the Camel’s Peg

The Expert View ·
Featuring Alexander Campbell

Published on: April 7th, 2020 • Duration: 19 minutes

Here at Real Vision, we know that from crisis comes opportunity. That is why we have been laser-focused on oil and energy markets and why we've brought back Alexander Campbell, CIO and founder of Black Snow Capital. Campbell isn't just looking at commodities though. In this interview, he focuses on how the demand shock of COVID-19 coupled with a price war that is increasingly looking to be a three-party affair between the U.S., Saudi Arabia, and Russia could create a balance of payments issue for the Kingdom. He makes his case that the Saudis may be forced to reevaluate the long-standing peg between the Saudi Riyal and U.S. Dollar and lays out two different ways to play the setup.