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

EM FX volatility tends to be artificially suppressed by controls. When looking at 16 countries with severe capital controls based on IMF indicators (Algeria, Angola, China, Malaysia, Tunisia, Cote d'Ivoire. India. Morocco, Pakistan, Philippines, Sri Lanka, Swaziland. Tanzania, Togo, Ukraine, and Uzbekis

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

ands, British, Virgin Islands. U.S. , Wake Island, Wallis and Futuna. Western Sahara High Risk Jurisdictions* Afghanistan. Aland Islands, Albania, Algeria, Andorra, Angola. Azerbaijan, Bahamas, The. Bangladesh, Belarus, Belize. Benin, Bolivia, Bosnia and Herzegovina. Botswana. Brazil, Burkina Faso. Bur

host of tiny moderate nations, which, while not formally allied with the U.S., count on American friendship in extremis, from Jordan and Kuwait to Chile and Colombia. Any American recessional puts at risk all such vulnerable states. The Obama administration's policy of forcing concessions from the

when it alienated local Sunni sheiks through sheer brutality and drove them into an alliance with the U.S. military. From Afghanistan to Egypt to Algeria, the Islamists' political Achilles' heel has always been their penchant to go too far. But it would be reckless for the Iraqi government or Obama A

tz feels compelled to lend a hand, if possible. “I try hard to balance my attack, right and left—for every attack on the Soviet Union, there’s one on Chile. For every attack on a right-wing repressive government, there should be an attack on a left-wing repressive government.” Dershowitz’s strong person

ng, ironically, Cambodia. 35 voted against and 32 abstained. This and other similar actions by the General Assembly led Abba Eban to proclaim that if Algeria offered a resolution than the earth was flat and Israel flattened it, it would pass 72 to 35, with 32 abstentions. The United States representative t

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

h 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 & @ eooocoonNnNiocooccoeocceeec eo eco eco eo ee eo ce eo Se = ~ oN COC @Mcc ce ecececeecee

ollowing a financial crisis far away from your own shores, you begin to notice an unnerving trend. On the streets of Iceland and then Spain and then Chile and then Israel and Ukraine and Turkey and Mexico and then New York City, thousands or hundreds of thousands of citizens gather. There is no one lea

gypt, Tunisia, Libya, and Yemen: their names, instead of being symbols of stability, instantly cast as sources of injustice. Other countries - Syria, Algeria, Sudan, and Bahrain tumble for periods into the black hole of civil violence. Some people mistake all this for a democratic revolution. Over time, ho

pacity in the next five years, namely Iran the UAE Global oil consumption BofAML OPEC capacjty growth, 2015-2020F 105 Kuwait mn bpd fcast uwail 100 , Algeria 95 Qatar 90 Venezuela Angola 85 3 Ecuador 80 Nigeria 15 UAE 70 Libya 65 Iran Saudi Arabia 60 87 89 91 93 95 97 99 01 03 05 07 09 11 13 15 17 19 -0.3

KOREA m@ TAIWAN m@ INDIA m@ SOUTH AFRICA m@ BRAZIL MEXICO m RUSSIA = MALAYSIA (EM) = INDONESIA m= THAILAND ~ PHILIPPI m SAUDI = TURKEY = CHILE m= POLAND @ QATAR m UAE m= COLOMBIA m PERU m GREECE m HUNGARY EGYPT m@ CZECH REPUBLIC Source: : BofA Merrill Lynch Global Research, MSCI and