Epstein Secrets

ina and the IEA) Hourly compensation for production workers Share of US rate, 2005 vs. 2011 30% Share of US imports of intermediate goods from China, Malaysia, Thailand and Vietnam, percent 25% • 2005 • 2011E 20% - 15% 10% 5% 0% 12% 10% 8% 6% 4% 1 2% 0% Taiwan Mexico China Source: Bureau of Labor Statistics

goods from China, Malaysia, Thailand and Vietnam, percent 25% • 2005 • 2011E 20% - 15% 10% 5% 0% 12% 10% 8% 6% 4% 1 2% 0% Taiwan Mexico China Source: Bureau of Labor Statistics, Empirical Research Partners. Philippines 2000 2007 2010 Source: UN Comtrade, Empirical Research Partners. To summarize, we expect today's margins to

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

1994 1998 2002 2006 Note: Real spending adjusted for inflation. Fiscal year ends in September. Source: White House Office of Management & K P Budget, Bureau of Labor Statistics. www.kpcb.com USA Inc. | What Might a Turnaround Expert Consider? 385 Increase Employment — High-Level Policy Options to Consider Short-run option

cation technology, due to the methodology used by the Bureau of Labor Statistics (BLS) and the BEA. If the price indices do not ad

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