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Rahul Singh @rahulsingh1966
, 3 tweets, 2 min read Read on Twitter
Pak economy in dire straits.
Impact of #FATF?

Cost of foreign borrowing (yields) rose 200bps in 6 mths

Budget deficit rising to 6% of GDP

Interest rate rose 75bps in recent past

GDP growth falling

FX reserves under $10 bn

KSE100 down 5000 this yr

tribune.com.pk/story/1748997/…
.@ImranKhanPTI has inherited a cracked economy (FC reserves down to 45 days of imports ie. $9bn) and so will be more than beholden to China, Russia, Iran, KSA and finally USA.

If any of the above push for winding down terror in India, he will listen.

tribune.com.pk/story/1766984/…
.@ImranKhanPTI gets cracking on his first priority - the economy.

Saudi-led IDB primises $4.5 bn
China enhances facility to $2 bn

Now the urgency of approaching @IMFNews is lower.
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More from @rahulsingh1966 see all

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.@ACTFibernet is a disaster. Hasn't been working in my entire building for 72 hrs.
.@ACTFibernet has now not been working for 96 hrs. What a lie it sells. Am planning a quarter page ad in a leading newspaper to show people the reality of this fraud.
.@ACTFibernet thank you. The connection was restored yday
Read 3 tweets
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Is this weird or not?

First sample of 21 - no #Nipah

Second sample of 55 - yes #Nipah and that too #FruitBats

Why?

Coz Mr Evil @BillGates has a vaccine ready only for FruitBat-carried Nipah.

@CEPIvaccines is the chosen ambassador
Next virus created by @BillGates is #Nipah + #Hendra = #Henipa

Long term plan. Vaccine under development.
sciencedaily.com/releases/2018/…
Read 3 tweets
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The moment an unverified news report emerges on #NipahVirus , well-manicured @WhatsApp messages begin circulating. Is all of this linked to @BillGates so-called warning, which actually is his push for his next #Vaccine product

gatesnotes.com/Health/Shattuc…
Look at these well-made images circulated immediately after the news report on the #NipahVirus
@MoHFW_INDIA must watch out for this new game that @BillGates is playing.
@ashwani_mahajan I hope you are watching!
Same story played out with #Ebola and #Zika
Stage 1 - Few cases reported
Stage 2 - Scare amplified by @BillGates PR machine
Stage 3 - Amplify fear with "There Is No Vaccine" PR

The next few stages will be:
Read 4 tweets

Related threads

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Nigeria & Saudi Arabia are both oil economies, both get more than 80% of their Foreign Exchange earnings from Crude Oil, Both have been hit hard by falling oil prices, both have significant record budget deficits, Saudi Arabia has $98b deficit, Nigeria has an $11b budget deficit
Both are engaged in armed conflict with high defenses spending, both maintain fuel subsidies.
Both have continued to spend, Saudi Arabia will spend $224b in 2016, almost the same level in 2015, Nigeria will spend $30b, the largest in Nigeria history…
However, there is a differences between Saudi Arabia and Nigeria budget., Saudi Arabia deficit budget is financed from the $757b savings Saudi Arabia has accumulated in its SAMA Foreign Reserves Holding. Nigeria is funding her budget deficit by a record borrowing of $30m a day!
Read 25 tweets
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#GDPbkser 1/n Whenever the GDP base is updated for a fast growing economy, the weights on fast growing sub-sectors increase & on slow growing sub-sectors decrease. The new series therefore shows lower growth rt than old in yrs prior to new base & raises it for yrs post new base.2
#GDPbkser (2/n): If memory serves, historically avg GDP gr rt in yrs btwn old & new base yr has been adjusted down by an avg of -0.5% to -0.75%! The current revision is ~2x the historical avg! Thus reweighting would have lowered past GDP gr rt from 8% to 7% to 7.5%! ...3/
#GDPbkser (3/n) So what needs greater analysis is the rest of decrease in GDP growth rate ie the reduction not explained by re-weighting (~-0.65% ). Some points made by critics are either only partially valid or invalid. (a)Comparing chng in nominal gr with chng in real gr...4/
Read 9 tweets
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Thread/rant time. Who is up for a trip down memory lane about the record of the Harper/Scheer government? Let's start with some background with what Harper/Scheer inherited from the Liberals under Chretien/Martin. #cdnpoli #cdnecon @CPC_HQ @liberal_party
The federal debt under the Liberals was reduced by $90 billion from 1993-2006; the debt burden fell from 66.6 per cent in 1994-95 to 31.4 per cent in 2006-07. #cdnpoli #cdnecon
The Liberals implemented a temporary capital tax on large deposit taking institutions, a higher tax on large corporations, a temporary corporate surtax; and higher excise taxes on gasoline and tobacco products. There were ZERO personal tax increases. #cdnpoli #cdnecon
Read 15 tweets
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The argument from @scmallaby here that Italy's growing debt-to-GDP ratio since 1999 is mainly due to profligate state spending and an absence of market discipline is flawed... washingtonpost.com/opinions/italy…
...first, here's the debt-to-GDP picture. Yes, as he says, up significantly in France and Italy. & big contrast with Germany, where its been falling since 2012....:
...but is Italy's debt ratio due to vast budget deficits in Italy, as he implies? Actually, Italy has had lower annual deficits than the rest of the G7 since 2000 (as has France)...:
Read 13 tweets
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THE #BOND #BUBBLE THAT ALREADY BURST

1. Once and for all, dispense with the notion that rising #InterestRates are a result of a growing #economy. Housing & industrial production is rolling over & retail sales are declining.

Rates are rising bc of INSOLVENCY & #CREDIT RISK.
2. In 2007, prior to the crisis, the following was true:

🔷 the average yield was 4.6%
🔷 the #deficit was 1% of #GDP
🔷 publicly traded #debt was ~ 5 trillion #dollars

Due to #ZIRP, if the 10 year goes to a meager 4.4%, bond investors will lose OVER 25% of their investment
3. In 2018-19, prior to the coming crisis, the following is true:

🔶 publicly traded debt is ~ 15 trillion dollars
🔶 the deficit will be 8.5% of GDP
🔶 so interest rates are going to the 🌝 🌟 💫

Unless of course the #CentralBanks reverse and buy everything up...
Read 9 tweets
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Since May's fateful appointment & her 'Brexit means Brexit' this has always been OUT v IN. Talk of deals is fantasy. We should vote IN asap!
.@KenClarkeMP apart, Tory MPs voted #A50 trigger (Mar17) to appease #Brexiteers untroubled by unseen cost/impact assessments or exit plans.
7 months down their rocky road to nowheresville, that #A50 trigger is looking like the most ill-judged & stupid parliamentary decision ever!
Read 58 tweets

Trending hashtags

#TariffsAreTheGreatest #HSI #contribution #importing #debt #LiesMyGovernmentToldMe #HiTV #components #pay #Eurostoxx #SundayMorning #doomloop #law #CustomsUnion #Imoeach #TNOIIECBAFTATPPAAFPDATW #ISDS #CSO #Continental #penalties #SPX #nomuslimbanever #MadisonPark #dc #دلواپسان

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