Epstein Secrets

on Thomson Reuters Breakingviews.com Greylock Bloomberg Businessweek Thomson Reuters Accenture Busines

ent Fluor Corporation USA Nikolai Dobrinov Vice-President ICT Group of Companies Russian Federation Daniel Doctoroff Chief Executive Officer Bloomberg LP USA Evgeny Dod Chief Executive Officer JSC RusHydro Russian Federation Volkert Doeksen Chairman and Managing Partner Alpinvest Partners BV Nether

dro Bailleres John Baird Leslie J. Baja Sanjiv Bajaj Rahul Bajaj Anant Bajaj Gerard Baker Douglas M. Baker Jr Member of the Executive Board, European Central Bank. Frankfurt am Main Minister of Finance of Saudi Arabia Chief Executive. Global Banking and Markets Special Duties Officer. Ministry of Federal

.2 • •0.3 -Ti MSCI World • 1,175 - 1,075 - 975 •0.4 • •0.5 - Index • 875 •0.6 • - 775 675 •0.7 2008 2009 2010 2011 Source: Citigrotp, Bloomberg. 2012 Unfortunately, the ECB can't create jobs Employment percent change, O0O, saar 3% .3% 2005 2006 2007 2008 2009 2010 2011 Source: Eu

ncesca Tondi, March 15, 2012 The ECRi (Economic Cycle Research institute) claims papal infallibility on its historical recession predictions. ECB = European Central Bank. EMU = European Economic and Monetary Union The material contained herein is intended as a general market commentary. Opinions expressed herein are

ntial vote to next week from February in a risky move to save his coalition (first round of voting now on Dec 17 with further polls on Dec 23 & 29). Bloomberg notes that 'failure to install a candidate after three attempts [need 180 votes) would prompt the collapse of Samaras' coalition and the dissolutio

con Valley struggles to conquer Europe FT • World without water: six solutions to a shortage FT • Food banks are a blight on modem Britain FT • European Central Bank loan auction set to miss target FT • Scottish landowners resist inheritance reform FT • Fracturing of UK politics complicates general election FT

s) 200 100% 150 100 50 0 20% 40% 60% 80% -100% -80% -60% -40% -20% 0% 75 78 81 84 87 90 93 96 99 02 05 08 11 Source: Deutsche Bank, Bloomberg The significance of the USD/JPY turn higher should not be understated. It is perhaps the only currency pair that has captured all the major macro

tfolio inflows have turned marginally positive... Figure 8: _as equity market inflows outpace the money market outflows Source: Deutsche Bank and European Central Bank Source: Deutsche Bank and European Central Bank Figure 9: Equity inflows have tracked the STOXX Figure 10: Foreign interest on the bond side boome

265 Research Deutsche Bank Dec. FOMC No hike [email protected] http://houseview.research.db.com TheHouseView Special — 9 December 2015 Bloomberg, Nov 6th 2015 Hike 4 EFTA01476266 We disagree with the view that hiking is a policy mistake: the economy is strong enough to withstand higher r

Republic of Germany with its principal office in Frankfurt am Main. Deutsche Bank AG is authorized under German Banking Law (competent authority: European Central Bank) and is subject to supervision by the European Central Bank and by BaFin, Germany's Federal Financial Supervisory Authority. Research Deutsche Ba

.0 130.0 140.0 80.0 90.0 1.0 80 82 84 86 88 90 92 94 96 98 00 02 04 06 08 10 12 Source: DB FX Research Source: DB FX Research *Sources: BIS, Bloomberg, Deutsche Bank. Notes: For details on model, see Exchange Rate Perspectives, Jan-13. BEER model is relative PPP adjusted for terms-of-trade and pro

Treasury Figure 41: Net portfolio flows have turned inwards... Figure 42: ...as equity inflows surpass the bond outflows Source: Deutsche Bank and European Central Bank Source: Deutsche Bank and European Central Bank Deutsche Bank Securities Inc. Page 31 EFTA01464362 30 July 2013 Exchange Rate Perspectives: FX

mes seem not all that clear as to what he ac- tually does to earn his millions. Certainly, you won't find Epstein's transactions writ- ten about on Bloomberg or talked about in the trading rooms. "The trading desks don't seem to know him. It's unusual for animals that big not to leave any footprints in

Haasen, advisory Board, Allianz, Munich Carl Hahn, vice Chairman, Gerling Speziale Kreditversicherungs, Cologne Sirkka Hamalainen, Executive Board, European Central Bank Lee H. Hamilton, Member of U.S. House of Representatives Stuart Harris, Professor, Australian National University William A Haseltine, CEO, Human