Epstein Secrets

55 EFTA01840656 UBS Business Jet Survey 2 Febnary 2012 Required Disclosures This report has been prepared by UBS Securities LLC, an affiliate of UBS AG. UBS AG, its subsidiaries, branches and affiliates are referred to herein as UBS. For information on the ways in which UBS manages conflicts and ma

yers' interests in both new and used aircraft. ■ US buyers are out there, but are looking to acquire aircraft at dealer pricing. International • Western Europe showing very weak levels of buying activity. ■ Emerging market activity continues to be relatively strong. ■ The international venues remain select

utive Officer New York University Acciona Energia SA USA Spain JPMorgan Chase & Co. USA LLC "Capital Partners' Group Chief Executive Officer UBS AG President and Chief Executive Officer President, Intel Foundation: Vice-President. Legal and Corporate Affairs and Director, Corporate Affairs G

), New York Chief Operating Officer Vice-President, Beer and Better World Group Head, Human Resources and Communications Vice-President, Sales, Western Europe, Africa and Middle East President, Chairman of the Board and Chief Executive Officer Senior Vice-President, Global Initiatives, Strategy and Bus

the LLC Agreement). The Administrator is a direct, wholly owned subsidiary of UBS Americas, which, in turn, is a direct, wholly owned subsidiary of UBS AG (together with its affiliates, "UBS"). Prospective investors should not construe the contents of this Memorandum as legal, investment, tax or other

8% 4% 12.0% 3.6% '10 '11 '12 '13 '14 %SF ' Source: Property Market Analysis: Cushman & Wakefield. April 2015; CBRE. Q4 2014. Represents Western Europe national shopping center markets and II key office centers throughout Europe. Source: Includes UK, France. and Germany, weighted by 2015 investment

012. We think that the risk that the Fed will take measures in addition to the extension of "Operation Twist" is still significant. e Large parts of Western Europe are in recession or stagnation. We expect the economies of the Eurozone and the UK to show mild improvement in 2H 2012. Still, economic activity is l

ional ClO Switzerland Daniel Kalt [email protected] HOUSE_OVERSIGHT_024177 42 --- PAGE BREAK --- Disclaimer This document has been prepared by UBS AG, its subsidiary or affiliate ("UBS"). The information is intended as a general market commentary and provided solely for marketing and information pu

Return to long-term trend ¢ The Eurozone crisis abates. Financial market conditions recover, mitigating the drag from fiscal austerity. ¢ Growth in Western Europe turns decisively positive by early 2013 and the US economy grows above trend. & Negative scenario (Probability: 15%*) Recession ¢ There are three ke

ions Act”). In no circumstances may the Document be made available by UBS AG to a “Retail Client” as defined in section 761G of the Corporations Act. UBS AG's research services are only available to Wholesale Clients. The Document is general information only and does not take into account any person’s inves