Epstein Secrets

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

00 7.77 7.48 Fa ecast as °OW-06-2017 Spec exchange rate as of 06-Xill 7 Source. BofAhlemll LrxhOWS Research. Blocrebeig Table 9: EM FX Forecasts Lath America Spot Sep-17 Dec-17 Mar-18 Jun-18 Sep-18 Dec-18 USDBAL 3.29 135 3.40 3.45 3.50 3.55 3.60 USDAAXN 18.33 18.80 19.50 20.00 20.00 2

ll extremely unstable as militias continue to carry out attacks and arms are still being trafficked from Libya to neighboring countries. Trends: In Algeria, more than a month after legislative elections were held, President Abdulazziz Bouteflika has yet to name a new Prime Minister. It is unclear whethe

o EFTA00701936 implement economic reforms, such as opening the state-owned oil company Pemex to private investment, which would help reinvigorate Latin America's second largest economy. The PRI has a minority in both houses of Congress, which could impede progress on its reform agenda. Paraguay: On June 22,

s and by future expectations. Oil markets don't like surprises. The sudden ousting of Mr Mubarak and the unrest in Libya, Bahrain, Yemen, Iran and Algeria (which between them supply a tenth of the world's oil) had added 20% to oil prices by the middle of this week. The big worry is that spreading unre

evious crises. In the 1970s production was concentrated around the Persian Gulf. Since then a gusher of non-OPEC oil has hit markets from fields in Latin America, west Africa and beyond. Russia overtook Saudi Arabia as the world's biggest crude supplier in 2009; OPEC's share of production has gone from aroun