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Dr. Guendozi
@fimiletoks
, 4 tweets, 1 min read Read on Twitter
Argentina still neck deep in crisis. $50bn loan from IMF, inflation at 30%, currency value lost, high dollar denominated debts, dwindling reserves, investors worried, job losses, protests everywhere.

aljazeera.com/news/2018/09/a…
Macri the 'market friendly' president floated the Peso, like a kite in the sky, the Peso is out of his control and it has continued to tumble. Inflation has continued to soar amidst huge debts. All his market friendly errconomic policies have capitulated.

bloomberg.com/news/articles/…
The same advise that was given to Nigeria by IMF and several errconomists when our economy slipped into recession.

One day we will look for Kemi Adeosun where ever she is and give her the credit she deserves.
Nigeria - no IMF loan, currency stable, inflation down for consecutive months and approaching single digit, foreign reserves rising, import bill reduced substantially, economy on the path of growth, Agric and Local production on a steady rise.

Deal with this truth for now.
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More from @fimiletoks see all

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Dr. Guendozi
@fimiletoks
Rauf vs Uduaghan & Okowa court of public opinion

Delta state population - 4.1m
Osun state population - 3.7m

Delta state monthly Allocation - 16bn
Osun state monthly Allocation - 1.7bn

Delta state's debt - N 223bn ( amongst top five)
Osun state's debt - N 136bn
Salary arrears owed

Delta state - 36months as reported by budgIT
Osun state - modulated salary scale , 17months salary debt.

google.com/amp/s/www.vang…
google.com/amp/s/www.prem…
Read 7 tweets
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Dr. Guendozi
@fimiletoks
OLD POST..

The civil service is a burden to many states in Nigeria. A parasite to be honest..

Last week, Fayose promoted 37,000 civil servants in Ekiti state . Ekiti state probably has over 50,000 civil servants serving a population of 2m citizens. Doing what exactly?
The civil servants consume the entire federal allocation meant for the citizens. The state's wage bill is higher than the Federal allocation.

GTbank is richer than Ekiti state in terms of revenue, Gtbank has roughly 6000 staff serving 15m customers nationwide.
Dangote is richer than Ekiti, imagine a scenerio where Dangote industries' wage bill becomes higher than its revenue, the company will cease to exist. Ekiti state budgeted 98bn for 2018, salaries will gulp 70% then the state will again borrow funds to pay these salaries.
Read 13 tweets
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Dr. Guendozi
@fimiletoks
Buhari's life is a more than a book. Many of your corrupt and visionless leaders cannot unravel it till eternity comes. It is a culture and a strong belief held by lots of people. Year after year all the elites with their wealth, 'business acumen' and the numerous books written
Have failed to gather so much admiration, influence and followership like PMB. Conduct an election today in Ogun state between Buhari's poster and Obasanjo, Buhari will defeat him. Conduct same election in Minna between Buhari's cap and IBB, Buhari will defeat him..
Conduct an open ballot election in Adamawa today, Buhari will defeat Atiku. He defeated the greatest coalition of forces..He defeated our Pastor in Ota right infront of the church despite all the books and sermons.
Read 5 tweets

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nina
@ninaDNJ
I’ve seen a lot of Londoners tweet about wanting to move to Canada. As a Londoner currently living in Toronto, there’s so many things I wish I knew before packing my bags and getting on the plane.
A lot of the existing forums, Facebook groups, etc. are not from the perspective of people that have lived in London/aren’t familiar with the London experience
Okay. Before I get started, I want to be clear that I was born and raised in London and am a city girl through and through. I’ve never had any interest in living the suburban life so my perspective is going to from that angle.
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Millennial Macro
@MillennialMacro
#inflation #bonds $TLT
Charts from last night Australian time. Not updated for most recent ISM number.
1/
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#USA #growthslowing
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#USA #growthslowing
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Randi 🌳
@randi_eitzman
Global #inflation rates according to the IMF's website (link in thread). The immigration crisis everyone keeps ignoring isn't going away. Things will get worse. MSM politics has got everyone looking the other way.

Trump already talking about militarizing the border (link below).
IMF Inflation data: imf.org/external/datam…
Militarization of the border:
npr.org/2018/10/20/659…
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Heshmat Alavi
@HeshmatAlavi
#BREAKING
Today's currency price surge in #Iran

U.S. dollar = 148,500 rials
Euro = 173,300 rials

My take:
Iranians know the regime will be in deep waters this week at the #UNGA & especially when @realDonaldTrump chairs a UNSC session focusing on the Iranian regime.
On August 6th, Iranian President Hassan Rouhani claimed the country's currency would stabilize.
The U.S. dollar traded at 107,000 that day.

Today, the U.S. dollar is trading at 150,800 rials.

#Iran's economy is being ruined by the mullahs' regime.
#IranRegimeChange
#BREAKING
Update from #Iran's falling currency value:

U.S. dollar is reportedly selling at 151,000 rials

The Iranian people are realizing the future of this regime is shaky & the mullahs' days are numbered.
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MacroPru
@MacroPru
"Such carry trades have been a source of support for EM currencies" ft.com/content/af31b7… @ft ... carry trades bis.org/publ/work510.p… @BIS_org #EmergingMarkets "comprehensive database that combines bond issuance data with firm-level balance sheet data"
"non-financial firms that exploit favourable global financing conditions to issue US dollar bonds and build cash balances are also those whose share price is most vulnerable to local currency depreciation" papers.ssrn.com/sol3/papers.cf… #LiabilityDollarisation
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Santi 🌿 🇦🇷
@santisiri
argentina 🇦🇷 is a country that went through hyperinflation in 1989 and a currency pegged to the dollar 💵 during the 90’s until it defaulted in 2001 and people’s savings were lost.

this country is now leading the world regarding blockchain based technology. here’s why:
the startup @ZeppelinOrg has audited over $1.5 billion in smart contracts, being responsible for many of the largest ICOs of 2017. its libraries are a must go source for anyone working on ethereum. founded by @demibrener & @maraoz, ITBA graduates, the best engineering university.
there’s @RSKsmart, that is paving the way to deliver the promise of smart contracts on top of bitcoin by doing a two way peg; led by @dieguito, @GabrielKurman and @SDLerner (who also developed ASICboost and has interesting theories on who satoshi was).
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