Epstein Secrets

5 t 4.0 Mexico 1.1 2.9 3.8 0.5 1.1 4,Q 3.9 3.7 3.6 33 3.7 4.1 3.1 Peru 5.8 4.2 55 6.9 0.3 I§ 6.0 7.0 5.5 3.0 32 3.0 2.5 Uruguay 4.7 3.0 4.0 6.4 -1.8 A4 t 6.0 t 40 t 3.0 4 8.6 81 75 7.3 Venezuela 1.3 -1.0 2.5 2.3 41 0.0 2.5 2.0 25 52.9 572 58.2 35.0

. OM growth forecast Jan-14 Scum JP. Morgan More details in . 3.3 3.1 2.9 2.7 2.5 2.3 2.1 Jul 14 US Credit Markets Outlook and Strategy. Eric Beinstein et at EM Corporate Weekly Monitor, Yang-Myung Hong el at High Yiefd Credit Markets Weekly. Peter Acciavatti el at European Credit Outlook & Strateg

iff is enacted on schedule, and neither Congress nor the President welcomes J.P Morgan More details in ... US Credit Markets Outlook and Strategy, Eric Beinstein et al. High Yield Credit Markets Weekly, Peter Acciavatti et al. European Credit Outlook & Strategy, Steven Dulake et al. Emerging Markets Cross P

42 48 3.0 55 5.0 3.0 3.0 55 51 54 54 Mexico 3.9 3.9 3.6 49 30 21+ 3.5 40 3.2 3.3 55 3.9 44 44 Peru 6.9 6.0 7.0 83 6.0 55 6.0 8.0 8.0 7.0 45 41 3.0 28 Uruguay 57 3) 40 11.8 21 9.0 -90 12.0 70 9.0 83 8.0 76 12 Venezuela 42 5.0 0.0 10.1 0.6 3.5 0.0 40 0.0 3.0 28.5 22.3 18.5 30.2 Asia/Pacific Japan -07 17 0.1

ime-frame. More details in ... • As such, our colleagues in European Credit have examined the implications of US Credit Markets Outlook and Strategy, Eric Beinstein changing recovery rate expectations across the bank capital structure. et al. Assuming that covered bonds remain outside the scope of the proposals,

11 Real GDP % over a year ago 2012 2013 2014 3Q12 The Americas United States Canada Latin America Argentina Brazil Chile Colombia Ecuador Mexico Peru Uruguay Venezuela Asia/Pacific Japan Australia New Zealand Asia ex Japan China Hong Kong India Indonesia Korea Malaysia Philippines Singapore Taiwan Thailand