Epstein Secrets

- 8.47 8.49 8.54 Source: Datastream, Reuters, Bloomberg Finance LP, DB forecasts Hungary Indonesia IDR/USD 9,686 9,950 9,900 9,850 (Fwd. Rates) Malaysia MYR/USD 3.10 3.07 3.05 3.02 (Fwd. Rates) 3.12 3.13 3.16 Philippines PHP/USD 40.7 40.4 39.9 39.3 (Fwd. Rates) 40.7 40.7 40.8 Singapore SGD/USD 1

-300 -200 -100 0 Jan-92 USD Bn Annualized Trade Balance Annualized Trade Balance,3m Sum Annualized Trade Balance,12m Sum Jan-96 Source: DataStream, Deutsche Bank. Fig 3: The narrowing in the deficit reflected a outpacing of import growth by export growth 15 25 -35 -25 -15 -5 5 10 20

Fig 20: U.S. Trade Balance — Capital Goods Monthly (US$ bn.) (bars) -4 -2 0 2 4 6 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 Source: DataStream Annual (US$ bn.) (line) 10 20 30 40 50 -30 -20 -10 0 -45 -40 EFTA01464548 -35 -30 -25 -20 -15 -10 -5 0 Source: DataStream Mon

60.6 61.8 63.9 Indonesia USD/IDR 10278 10500 10500 10000 (Fwd. Rates) Philippines USD/PHP 43.3 42.6 42.3 41.7 (Fwd. Rates) - 10723 11000 11412 Malaysia USD/MYR 3.243.173.153.13 EFTA01464312 (Fwd. Rates) - 3.26 3.27 3.30 - 43.3 43.4 43.6 Singapore USD/SGD 1.27 1.27 1.28 1.30 (Fwd. Rates) - 1.2

Bn Jan-92 Jan-96 Jan-00 Jan-04 Jan-08 Jan-12 Annualized Trade Balance Annualized Trade Balance,3m Sum Annualized Trade Balance,12m Sum Source: DataStream, Deutsche Bank. -900 -800 -700 -600 -500 -400 -300 -200 -100 0 Figure 2: US and world industrial growth remains sedate 10 15 -15 -10

(line) 20 40 60 -120 -100 -80 -60 -40 EFTA01464390 -20 0 1994 1996 1998 2000 2002 2004 2006 2008 2010 2012 Source: DataStream Source: DataStream Figure 18: U.S. Trade Balance — Petroleum Products Monthly (US$ bn.) (bars) -45 -40 -35 -30 -25 -20 -15 -10 -5 0 1994 1996 1998 2000 200

are broken down in three geographical categories, because the largest part of IEFs in the sample is invested either globally (category Global) or in Malaysia (category Malaysian), while a small part is invested locally elsewhere (category Other). Martha McNeil Hamilton, The Washington Post, 2003. 4 EFT

n most of the calculations and regressions in this paper. Data on the market indices and the US 3 month T-bill was obtained from Thomson Financial DataStream. There are a total of 17 benchmark indices chosen to evaluate the IEF returns against, with 11 Islamic and 6 conventional. III.3 Methodology The

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

s of 2010) rose to 4.8% of GM’s annual expenses and $4,679 in annual pension payments per worker to former workers. Source: General Motors, FactSet, DataStream, History News Network. www.kpcb.com USA Inc. | Consequences of Inaction 432 HOUSE_OVERSIGHT_021057 Comparing GM & USA, Inc... General USA 2010 Mo