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Dan Azzi
Quis custodiet ipsos custodes?
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Dan Azzi 6s
Replying to @Bach32091662
For large accounts or long term, ignore the 3,850.
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Dan Azzi 51m
Replying to @JadChaaban
Hussein Salloum is a great guy.
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Dan Azzi 10h
Ecuador defaulted last April. Today they announced an agreement with a group of substantial investors in its international bonds. Lebanon hasn’t even agreed on a unified positon for its losses yet.
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Dan Azzi 11h
Kroll, the forensic accounting firm which caused controversy, sent a letter to the Lebanese Government denying claims against it. Lebanese Government is now considering a new company FTI with 3 offices in the Middle East. MENA locations for both companies are enclosed.
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Dan Azzi 12h
Replying to @NizamBouantoun
Yes.
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Dan Azzi 12h
Replying to @michaelreuss @nayrazz
“Who watches the watchmen?”
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Dan Azzi 12h
?
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Dan Azzi 12h
Replying to @moecharanek
My next article “Death of the Lollar”. But the summary is when bank loans get paid off (or stop dropping), the Lollar becomes Lira.
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Dan Azzi 12h
Replying to @janovalj
No, you can get a way better deal, including paying it off in Lira if you want to go through a hassle of fighting them, but at the very least, you can get a multiplier of 2.5-2.8.
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Dan Azzi retweeted
Issmat Kassem 13h
There are plenty! Also, governments that are led by ladies can fare much better. Well, with a few historical exceptions.
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Dan Azzi retweeted
Nayla Razzouk 13h
For all those still struggling to understand 's financial meltdown. In just a few words and a cappuccino, by
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Dan Azzi 13h
Replying to @OmniPax
By the way, I apologize if I sounded like I’m criticizing this fine institution. My intent was intended to show the distortion occurring in the system due to multiple exchange rates (& virtual currencies) and the dissolution of the peg.
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Dan Azzi 16h
Any foreign franchise that requires an annual transfer of real $ (aka “fresh” $) overseas will be struggling by next year, because the fee has just tripled relative to local revenue (and will get worse).
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Dan Azzi retweeted
gbm 17h
Nobel prize in economics be like "hold my beer"
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Dan Azzi 16h
Replying to @Whoeveritis5
Because he has a local loan in $. So your $30k now pays off his $100k loan. It’s as if the bank gave him a 70% discount.
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Dan Azzi 16h
Replying to @EzzatHalabi
That’s what’s called a “sunk cost.” It’s no longer relevant. Like the last coin toss in a fair coin has no bearing on the future outcome.
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Dan Azzi 16h
Replying to @EzzatHalabi
On the contrary. There will be $ deflation (rent, real estate, salaries, restaurants, schools, etc.) simultaneously to Lira inflation (in everything).
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Dan Azzi 17h
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Dan Azzi 17h
Replying to @FSpeech1980
I did warn about it since 2018, repeatedly and explicitly. Check out the title of this article, for example:
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Dan Azzi 17h
With the hope of what? That they’ll magically be paid back in 5 years?
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