Epstein Secrets

ws of ISG, is not research and is nota product of Global nvestment Research or Goldman Sachs Asset Manageme

edit-to-GDP ratio and its long-term trend in percentage points. Long-term trend is calculated using an HP filter. Source: Investment Strategy Group, Bank for International Settlements. direct investment has reversed and is now negative. In our view, neither China’s high savings rate nor its increasing government control of financi

value Almarai on 21x 2017E EPS, a 15% premium to Global (blue chip) food producer averages. We believe th

(cost basis) ] 9 10 8 10 11 12 11 - Middle East oil exporters gross claims on US banks 81 122 106 101 136 132 134 129 = 120 Saudi Arabia deposits in Bank for International Settlements (BIS) reporting banks Cross-border deposits with BIS reporting banks 163 180 169 167 188 244 224 210 212 of which, implied deposits from banks and ot

er and Executive Vice-President General Manager, Bank for International Settlements (BIS), Basel Vice-President International News an

ommittee of the Red Cross (ICRC), Geneva Chairman and Chief Executive Officer Chief Executive Officer and Managing Director Chief Executive Officer, BT Global Services Chief Executive Officer Chief Investment Officer President and Chief Executive Officer Chief Executive Officer Director, Institute for