Epstein Secrets

DB FX Research and RBA Source: DB FX Research and RBA Page 26 Deutsche Bank AG/London EFTA01464521 28 February 2013 Exchange Rate Perspectives New Zealand (NZD bn ) Figure 1: The basic balance Figure 2: FDI flows Source: DB FX Research and Haver Source: DB FX Research and Haver Figure 3: Net Portfo

-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

ies... Figure 50: _with relatively modest purchases by Australians of foreign debt Source: DB FX Research and RBA Source: DB FX Research and RBA New Zealand (NZD bn) Figure 51: The basic balance Figure 52: FDI flows Source: DB FX Research and Haver Source: DB FX Research and Haver Figure 53: Net Port

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

Other OECD Countries Mathematics Ranking* Science Ranking* 2000 2009 2000 2009 i Japan S. Korea 1 Korea Finland 2 S. Korea Finland 2 Japan Japan 3 New Zealand Switzerland 3 Finland S. Korea 4 Finland Japan 4 UK New Zealand 5 Australia Canada 5 Canada Canada 6 Canada Netherlands 6 New Zealand Estonia 7 Switz

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