Epstein Secrets

, by any =eans, or (ii) distributed to any person that is not an employee, =fficer, director, or authorized agent of the recipient. =/font> @ 2016 =oldman Sachs. All rights reserved. =/p> 4 EFTA_R1_01963908 EFTA02675718

ichard Kahn HBRK Associates Inc. 575 Lexington =venue 4th Floor New York, NY 10022 Begin forwarded message: From: =/b>Judie Taylor Subject: =/b>Goldman Sachs ISG =eopolitical Risks to Our 2016 Outlook Client Call Thursday, January =4th Date: =/b>January 14, 2016 at 9:48:50 AM =ST To: =/b>' As a reminder, we

Research. Information and opinions expressed by individuals =ther than Goldman Sachs employees do not necessarily reflect the view =f Goldman Sachs. Goldman Sachs does not provide accounting, tax or =egal advice to its clients. Legal Entities Disseminating this =aterial. This=material has been approved for iss

s=material has been approved for issue in the United Kingdom solely for =he purposes of Section 21 of the Financial Services and Markets Act =000 by Goldman Sachs International, Peterborough Court, 133 Fleet =treet, London EC4A 2/36; by Goldman Sachs Canada, in connection with its =istribution in Canada; in 3 EFTA_R1_0196

ble by special croer. cal 078-499-2915. Page 220: Bernadette Peters's Donna Karon New York a-es rom Donna Karon New sores nationwide and Bego."-- Goodman. NYC.: Paul Smith Women coat from Hem aerael. NYC., and Traffic. LA.; Chanel iewelry and gloves from Chanel °outgoes nationwide, or con S00-::J-0

rmer Assistant Secretary of State for East Asia and Pacific Affairs, former U.S. ambassador to the United Nations Robert D. Hormats, Vice Chairman, Goldman Sachs Int. Murray Horn, Managing Director ANZ Bank (New Zealand) Limited Hyun Hong-Choo, senior partner, Kim & Chang, Seoul James R. Houghton, Former Chairm

Danske Bank, Copenhagen Barry F. Sullivan, First National Bank of Chicago Peter Sutherland, Chairman, BP, London; Chairman and Managing Director, Goldman Sachs International Tsuyoshi Takagi, Resident, ZENSEN (The Japanese Federation of Textile, garment, Chemical Commercial and Allied Industries Worker's Unions) Strobe

litate your discussions with the applicable Goldman Sachs entity including, but not limited to, Goldman Sachs & Co. LLC, Goldman Sachs International, Goldman Sachs AG, Goldman Sachs Bank (Europe) plc, Goldman Sachs Paris Inc. et Cie., Goldman Sachs (Monaco) S.A.M., Goldman Sachs Saudi Arabia, Goldman Sachs Bank AG,

tion is intended only to facilitate your discussions with the applicable Goldman Sachs entity including, but not limited to, Goldman Sachs & Co. LLC, Goldman Sachs International, Goldman Sachs AG, Goldman Sachs Bank (Europe) plc, Goldman Sachs Paris Inc. et Cie., Goldman Sachs (Monaco) S.A.M., Goldman Sachs Saudi Arabia, Gold

ailable from Research Compliance, One New York Plaza, NY, NY, 10004. Services offered through Goldman, Sachs & Co. Member FINRA. @ Copyright 2009, The Goldman Sachs Group, Inc. All rights reserved. Jamll K. Shamasdin Goldman, Sachs & Co. EFTA00773074 Private Wealth Management One New York Plaza 141st Floor New Y

aterial has been approved for issue in the United Kingdom solely for the purposes of Section 21 of the Financial Services and Markets Act of 2000 by Goldman Sachs International ("GSI"), Peterborough Court, 133 Fleet Street, London EC4A 2BB authorised and regulated by the Financial Services Authority; by Goldman Sachs Canad

28 EFTA00793148 bac fioldhsman Investment Management Division Appendix & Disclosures EFTA00793149 Appendix Investment Management Division Goldman Sachs • /MinyaIn • • BitFloor • • Bitcoin Savings and Trust • • BIPS • • Inputsio • • Picostocks• https:/ibitcointakorafindex.phcatouic=576337#post toe 5

s material has been approved for issue in the United Kingdom solely for the purposes of Section 21 of the Financial Services and Markets Act 2000 by Goldman Sachs International, Peterborough Court. 133 Fleet Street. London EC4A 2BB: by Goldman Sachs Canada. in connection with its distribution in Canada: in the United States

n el Registro de Valores correspondiente. Dubai: Goldman Sachs International ("GSI"} is authorised and regulated by the Dubai

studying the methods used to measure price indices.°° We point to three examples to illustrate the mismeasurement argument. First, our colleagues in Goldman Sachs’ Global Investment Research (GIR) have pointed out that the official price indices for information and communication technology show an implausible ga

06 0.2 08 0.0 10 Jan-16 Apr-16 Jul-16 Oct-16 Data through December 31, 2016. Source: Investment Strategy Group, Bloomberg, Datastream. Exhibit 92: S&P Goldman Sachs Commodity Total Return Index Commodities generated their first double-digit return since 2009. Annual Returns (%)} 60 40 20 _ LL | I Hi BL gis R

is material has been approved for issue in the United Kingdom solely for the purposes of Section 21 of the Financial Services and Markets Act 2000 by Goldman Sachs International, Peterborough Court, 133 Fleet Street, London EC4A 2BB; by Goldman Sachs Canada, in connection with its distribution in Canada; in the United States

to Assign: OTC derivative transactions entered into with one or more affiliates of Goldman Sachs cannot be assigned or otherwise transferred without Goldman Sachs’ prior written consent and, therefore, it may be impossible for you to transfer any OTC derivative transaction to a third party. — Counterparty Credi

r or Solicitation. This material may not, without Goldman Sachs' prior written consent, be (i) copied, photocopied

tion is intended only to facilitate your discussions with the applicable Goldman Sachs entity including, but not limited to, Goldman Sachs & Co. LLC, Goldman Sachs International, Goldman Sachs AG, Goldman Sachs Bank (Europe) plc, Goldman Sachs Paris Inc. et Cie., Goldman Sachs (Monaco) S.A.M., Goldman Sachs Saudi Arabia, Gold