Epstein Secrets

n 19 receivers. We think there is room for some short term bull flattening in Mexico, and we keep paying ly IBR in Colombia and receive 2y Camara in Chile. We stay neutral on most LatAm FX as valuations are not attractive. We like to short MXN at current levels. Positioning is crowded and we expect th

ols based on IMF indicators (Algeria, Angola, China, Malaysia, Tunisia, Cote d'Ivoire. India. Morocco, Pakistan, Philippines, Sri Lanka, Swaziland. Tanzania, Togo, Ukraine, and Uzbekistan), we find that bitcoin is more volatile than these currencies (Chart 7). However, it is not uncommon for these EM cu

ood Group USA United Kingdom Canada USA Switzerland Turkey Greece Finland Morocco USA Canada United Kingdom USA France United Kingdom Chile USA Russian Federation Italy United Kingdom Kuwait Kuwait United Arab Emirates United Arab Emirates Switzerland Saudi Arabia Saudi Arabia

f Korea Republic of Korea Republic of Korea USA Germany United Kingdom Australia United Kingdom United Kingdom United Kingdom Denmark USA Tanzania Switzerland Japan World Economic Forum Annual Meeting EFTA R1_02011008 EFTA02686134 Larry Klane Bruce Klein Klaus Kleinfeld Mark Kleinman

itute of Technology Madras A.P. Moller-Maersk AS Delta Air Lines Inc. Finland Morocco USA Canada United Kingdom USA France United Kingdom Chile USA Russian Federation Italy United Kingdom Kuwait Kuwait United Arab Emirates United Arab Emirates Switzerland Saudi Arabia Saudi Arabia

Pacific India Walter B. Kielholz Chairman of the Board of Directors Swiss Reinsurance Switzerland Company Ltd Jakaya M. Kikwete President of Tanzania Nancy Killefer Senior Director and Office Manager McKinsey & Company USA Kim Dong Kwan Managing Director Hanwha Group Republic of Korea Kim

itute of Technology Madras A.P. Moller-Maersk AS Delta Air Lines Inc. Finland Morocco USA Canada United Kingdom USA France United Kingdom Chile USA Russian Federation Italy United Kingdom Kuwait Kuwait United Arab Emirates United Arab Emirates Switzerland Saudi Arabia Saudi Arabia

Pacific India Walter B. Kielholz Chairman of the Board of Directors Swiss Reinsurance Switzerland Company Ltd Jakaya M. Kikwete President of Tanzania Nancy Killefer Senior Director and Office Manager McKinsey & Company USA Kim Dong Kwan Managing Director Hanwha Group Republic of Korea Kim

e signed Albania Antigua and Barbuda Argentina Australia Austria Bahamas Barbados Belgium Belize Bolivia Brazil Bulgaria Burma Canada Chile Colombia Congo Mar. 1, 1933 June 3, 1996 June 10, 1997 May 14, 1974 Sept. 4, 1990 Jan. 8, 1998 May 19, 1934 Entered into Citation force N

ac Republic Apr. 29, 1935 Aug. 28, 1935 49 Stat. 3253. Solomon Islands South Africa Spain Sri Lanka Suriname Swaziland Sweden Switzerland Tanzania Page 18 of 19 2020. 5'2 Nov. 10, 1936 July 27, 1937 50 Stat. 1349. Sept. 18, 1996 Apr. 18, 1996 Aug. 15, 1996 Jan. 10, 1906 Oct. 10, 1934

r Island, Barbados, Bermuda, Bhutan, Bonaire, Bouvet Island, British Indian Ocean Territory. Brunei. Bulgaria, Cabo Verde. Cameroon, Cayman Islands. Chile, China. Christmas Island, Clipperton Island, Cocos (Keeling) Islands, Coral Sea Islands, Croatia, Curacao, Cyprus, Czech Republic, Dhekelia, Djibou

Saint Kitts and Nevis, Saudi Arabia, Senegal, Seychelles, Sierra Leone, Somalia, South Sudan. Spratly Islands, Sudan, Swaziland, Syria, Tajikistan, Tanzania, Timor-Leste, Togo. Tonga, Trinidad and Tobago, Tunisia, Turkey, Turkmenistan, Turks and Caicos Islands, Uganda, Ukraine, United Arab Emirates, Uzbe

A Indonesia USA Malaysia United Kingdom Japan Nigeria Kuwait Nigeria Greece Canada Denmark United Kingdom Spain France United Kingdom Chile Russian Federation Italy United Arab Emirates Kuwait Kuwait United Arab Emirates Switzerland World Economic Forum Annual Meeting EFTA_R1_021

-Chairman Group General Manager; Country Head, India: Director Co-Founder Chairman of the Board of Directors President and Founder President of Tanzania Director President, The World Bank, Washington DC Governor of the Bank of Korea Chief Strategy Officer President Vice-President Chairman and

k Republic 27 Mexico Portugal 27 Mexico Italy 28 Spain 28 Spain 29 Italy 29 Luxembourg 30 Greece 30 Greece 34 Israel 31 Israel 32 Turkey 32 Turkey 33 Chile 33 Chile 34 Mexico 34 Mexico KP Note: *USA ranking out of OECD countries in PISA (Program for international Student Assessment for 15-Year Olds). Sou

e YIY Total Deficit ($B) Deficit ment Rate (pps) Zambia Macedonia Ecuador Lithuania Peru South Africa Paraguay Venezuela New Zealand Thailand Namibia Tanzania Senegal Mozambique Romania Uganda Bulgaria Nigeria Angola Cameroon China Kazakhstan Algeria Russia Estonia Oonmob hoo Fb FB4HuvbanbOKHKEES : & vu &

• British Virgin Islands • Bulgaria Bulgaria Burma Canada Canada Canada Extradition Protocol Canada Extradition Protocol Cayman Islands • Chile Colombia Congo Congo • Congo Congo' Costa Rica Croatia " Cuba Cuba Cuba Cyprus Czech Republic Czech Republic Denmark Dominica Domini

plementary Spain Sri Lanka St. Christopher - Nevis St. Lucia St. Vincent-Grenadines Suriname Suriname Swaziland Sweden Sweden Switzerland Tanzania Thailand Signed: Entered into Force: December 22, 1931 holey 4, 1978 November 13, 1997 February 15, 1939 June 8, 1972 December 22, 1931 Jun

Institute of Technology Madras A.P. Maller-Maersk AS Delta Air Lines Inc. Finland Morocco USA Canada United Kingdom USA France United Kingdom Chile USA Russian Federation Italy United Kingdom Kuwait Kuwait United Arab Emirates United Arab Emirates Switzerland Saudi Arabia Saudi Arabia Canad

adiological Science Executive Vice-President, Operations President President Country Head, India Chairman of the Board of Directors President of Tanzania Senior Director and Office Manager Managing Director President and Chief Executive Officer Minister for Trade of the Republic of Korea Very Revere