Epstein Secrets

returning. For all the unconventional measures since 2088, the remarkably consistent pricing of 2-year ahead rates paths from the Fed and ECB post Lehman is what stands out (see second chart). We think this year will mark the beginning of renewed divergence. On the Fed side, mid-2015 guidance is soo

eas Deutsche Bank equity research analysts sometimes have shorter-term trade ideas (known as SOLAR ideas) that are consistent or inconsistent with Deutsche Bank's existing longer term ratings. These trade ideas can be found at the SOLAR link at http://gm.db.com. 3. Country-Specific Disclosures Australia and

l Head of Research Marcel Cassard Global Head CB&S Research Asia-Pacific Fergus Lynch Regional Head International Locations Deutsche Bank AG Deutsche Bank Place Australia Tel: D t iei n n London EC2N 2EQ United Kin dom Tel: Deutsche Bank AG 1rma Tel: .1111111. Deutsche Bank Securities Inc. United S

rector Equity Research North America Steve Pollard Regional Head Global Disclaimer The information and opinions in this report were prepared by Deutsche Bank AG or one of its affiliates (collectively "Deutsche Bank"). The information herein is believed to be reliable and has been obtained from public source

ider this report in deciding to trade on a proprietary basis. Unless governing law provides otherwise, all transactions should be executed through the Deutsche Bank entity in the investor's home jurisdiction. In the U.S. this report is approved and/or distributed by Deutsche Bank Securities Inc., a member of th

tes. Its NIIP then quickly deteriorated as small and unstable current account surpluses were insufficient to offset negative valuation effects. The Lehman and most importantly the Eurozone crisis marked an inflection point, and the euro area has since run current account surpluses of a greater order o

deas Deutsche Bank equity research analysts sometimes have shorter-term trade ideas (known as SOLAR ideas) that are consistent or inconsistent with Deutsche Bank's existing longer term ratings. These trade ideas can be found at the SOLAR link at http://gm.db.com. 3. Country-Specific Disclosures Australia and N

ty Research. Germany Steve Pollard Regional Head Americas Research Deutsche Bank AG Deutsche Bank AG Deutsche Bank AG Deutsche Securines Inc. Deutsche Bank Place Grolk Gallusstralle 10.14 Reale Hongkong 2-11-1 Nagatadb Level 16 60272 Frankfurt am Man International Commerce Centre. Sanno Park Tower Corn

York 4 years with the team Rafael Enrique; - Hestes @- Associate. New York Joined in 2018 Adam Gram Partner - New Yon( Deutsche Bank: Pomona: Lehman greasers; ChatteneelSoros: Cowen BA. Coln.ne laineray Emilio Olmos Managing Director - London ADM. UBS. Deutsche Bank. Credit Sur-se Pulyterat,

e 040 Analyst, London Jeered in 2018 (hiring - 1O181 [hiring -1O181 410 Vice President, Fund Controller. New York York Partner - London Deutsche Bank MA. Curnlatige Unneevls Francesco Rigamonti 00 Senior Advisor - London Deutsche Bank; Gallo 8 Co MBA, unprorsrly • MA. Milan Uric:. ri Victoa Lo

USD swap). 6 transaction costs for FX swaps in recent years, the impact of the FTT would be comparable to the rise in transaction costs around the Lehman liquidity crisis. These costs would be magnified further by the FX market's high turnover and deal velocity. Many market participants roll shorte

eas Deutsche Bank equity research analysts sometimes have shorter-term trade ideas (known as SOLAR ideas) that are consistent or inconsistent with Deutsche Bank's existing longer term ratings. These trade ideas can be found at the SOLAR link at http://gm.db.com. 3. Country-Specific Disclosures Australia and