Epstein Secrets

nd $50.bbl next year. We cut Brent to $50 this year and $52bbl in 2018. We now beleve oil stays in contango by yearend. but see a WTI forward anchor al $45.50 and S5 backwardation by next summer. Our key forecasts 3017 4Q17 1Q18 2018 3m Libor 1.35 1.60 185 2.10 10y Thole 2.60 2.85 285 24

al 10 year yield based on headline CPI 6 5 4 3 1 0 -1 -2 -3 -4 97 99 01 03 05 07 09 11 13 15 17 —US —Japan —Euro Area Source Bloomberg Chart 12: The term premium means that currencies maintain a positive spread between their 2 year and their 10 year interest 2Y10Y goverment bond y

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s Massive | 23 Jun 2016, | Madiso 19 | positive Swing To Leave EU: Referendum In 12 Days 03:13 - CEST | n, https://t.co/ySvreqZQhl via @BarracudaMama Alabam a SmartEnerg | In the Science of Civilizations, Brexit ls the European 23 Jun 2016, | USA 1 | neutral yApp Uniona€™s Reckoning https://t.co/Ry92WIzZJ

gue | 23 Jun 2016, O | neutral ue8 player who could be affected by Brexit revealed 11:48 - CEST https://t.co/qEMKZbkZ3} economistni | RT @JMurray804: Bloomberg illustrates Brexit 23 Jun 2016, | London 5 | negative raj https://t.co/3ZDcLQnb3n @DanHanson41 11:48 - CEST @muhammadakd https://t.co/7ITCR6crVg A_G