Epstein Secrets

h, July 2017. Source: Investment Strategy Group, Bloomberg, Goldman Sachs Global Investment Research, Crypto

Central Bank of Russia Russian Finance Ministry People’s Bank of China = The cryptocurrency world operates across geogr

orate Finance The NASDAQ OMX Group FBC Group Ltd Bloomberg News The New York Times Liberty Global Inc. Col

ectors Ambassador and Permanent Representative of the People's Republic of China Acting Chief Executive Officer Commissioner, Cli

ation of the Petroleum Exporting Countries PBOC: People’s Bank of China PCE: personal consumption expenditures PE: price

r Es a 4 oe Ses 2 Fea f = 2 22 3 sf SE a te ge < = 2 zs eer 8 = = 3 wn New Zealand Data as of December 31, 2016. Source: Investment Strategy Group, Bloomberg. Czech Republic South Africa 60 | Goldman Sachs | JANUARY 2017 HOUSE_OVERSIGHT_014593 --- PAGE BREAK --- incorporates this view, as we are neutra

study [G] June 23: SPR release announced Source: Bloomberg. The problem for the IEA is that the tightness in

t, year on year 23% 10% 21% 8% 19% 17% - 6% CPI 15% 4% 13% Deposit rate 11% 2% 9% 0% 7% 5% + 2006 2007 2008 2009 2010 2011 -2% 2005 2005 2006 Source: People's Bank of China 2007 2008 2009 Source: People's Bank of China, National Bureau of Statistics. 2010 2011 Forward-looking manufacturing surveys have declined and inter