Epstein Secrets

Office= Cell: From: Daniel Sabba Sent: Thursday, September 10, 2015 10:49 AM To: 'jeffrey E.' Cc: Paul Morris; Vahe Stepanian; Stewart Oldfield; Ariane Dwyer; 'Richard Kahn' Subject: RE: Faria: Brazil Daily Update [C] Classification: Confidential CDS at highs again. Your position at last night's close

2016 at BRL3.90/USD (instead of BRL3.40/USD and BRL3.65/USD, respectively). Despite the higher inflation, we continue to expect the BCB to cut the SELIC rate to 11.50% in 2016 (with the easing cycle still beginning in April), as we expect the authorities to throw in the towel and postpone convergenc

Daniel Sabba Sent: 6/11/2015 5:23:36 PM To: Jeffrey E. ([email protected]] CC: Paul Morris I; Stewart Oldfield I j; Vahe Stepanian I ; Ariane Dwyer ; Richard Kahn Subject: FW: Faria: Brazil Daily Update ICI Classification: Confidential Original Message From: Isin Sumengen-Ziel (DEUTSCHE B

COPOM minutes maintain hawkish tone, signaling further tightening: The BCB published the COPOM minutes explaining last week's decision to raise the SELIC rate by 50bps to 13.75%. There were very few changes in the document, suggesting that the tightening cycle will continue. we now expect another 50b

From: Daniel Sabba To: "'Jeffrey E."' <[email protected]> CC: Paul Morris , Vahe Stepanian , Stewart Oldfield , Ariane Dwyer "'Richard Kahn"' Subject: RE: Faria: Brazil Daily Update [C] Date: Thu, 10 Sep 2015 14:48:40 +0000 Inline-Images: image001.png Classification:

d 2016 at BRL3.90/USD (instead of BRL3.40/USD and BRL3.65/USD, respectively). Despite the higher inflation, we continue to expect the BCB to cut the SELIC rate to 11.50% in 2016 (with the easing cycle still beginning in April), as we expect the authorities to throw in the towel and postpone convergenc