Epstein Secrets

utive Officer Chairman Chair and President Chairman Executive Chairman Chairman and Chief Executive Officer Chairman Khazanah Nasional Berhad Malaysia International Monetary Fund (IMF) The Sunday Telegraph The Uncultured Project LightSquared Holcim Ltd Dogus Group Consolidated Contractors C

Robin Luiz Rocha Darius Rochebin Edward B. Rock Christopher Rodrigues Carlos Rodriguez-Pastor James E. Rogers Jim Rogers John F. W. Rogers Kenneth Rogoff Urs Rohner James E. Rohr Michel Rollier Guy Rolnik David Roman Augustin Romanet de Beaune Marvin F. Romanow Kasper Rorsted John Rosanvallon

Deficit 2009 ment Rate YIY (pps) Tunisia Ethiopia Colombia Cyprus Poland Spain Kenya Norway Ghana Bolivia Sweden Brazil Switzerland Latvia Malawi Malaysia Denmark Gabon Finland Turkey Czech Republic Slovenia Slovakia Croatia Australia 3 BS fe coocooecees Ce eee eC HFN OC HB ON | OO f& 68 47 43 45 46

1 1 6 7 1 2 4 3 1 1 3 1 2 1 1 2 1 0 1 1 0 2 0 Top 1-25 Global $32,438 $47,081 -3% 81% $2,790 34,632 57,937 -2 100 2,885 Note: “Carmen Reinhart and Kenneth Rogoff observed from 3,700 historical annual data points from 44 countries that the relationship between government debt and real GDP growth is weak for deb

Centuries of Financial Folly, Carmen Reinhart and Kenneth Rogoff use historical data from 66 countries between 181

urce: Investment Strategy Group, Emerging Advisors Group, Goldman Sachs Global Investment Research. both China and the US, such as Korea, Taiwan and Malaysia, would be particularly vulnerable. While the net effect of these competing forces is positive in our base case, the risks are tilted to the downside