Epstein Secrets

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

rks of Standard & Poor’s Financial Services LLC (“Standard & Poor’s”) and are licensed for use by The Goldman Sachs G

Links for Unbuilt Offshore Wind Cost Consumers”, Bloomberg, October 2012 “Long term scenarios and strategie

been under-appreciated. In a May 2012 report from Standard & Poor’s, the authors note that they had initially rated 7

illover into EMD. Indeed, a recent stress test by Standard & Poor’s revealed that EM corporate borrowers— who must re

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