Epstein Secrets

Acceleration is Underway Manufacturing Slowdown 20 30 40 50 60 70 80 Vehicle Sales Strong Footnotes: Data as of December 30, 2015. Source: FactSet, Deutsche Bank Wealth Management. Manufacturing remains the weak segment of the U.S. economy The broad Manufacturing Index and production are both in contraction territory (a leve

gold returns. Footnotes: Data as of December 31, 2015. Source: FactSet, Bloomberg Finance LP, Deutsche Bank Wealth Management. 31 EFTA01477419 Multi Asset Investment Committee Forecasts January 2016 GDP Growth in % World USA Euroland UK Japan China Inflation in % USA (core PCE) Euroland UK Japan China Curr

er 2015 Forecast for 2016 GDP Japan China World March 2016 Forecast For 2016 GDP Footnotes: Data as of March 25, 2016. Data as of March Source: FactSet, Deutsche Bank Wealth Management. Global Sovereign Yields Highly Correlated Production Cuts Good; More Needed The ECB's aggressive central bank actions have pushed sovereign rates

Allocation MIC1 Regional Asset Allocation RIC2 Security Selection PIC3 Portfolio Management Client Portfolio Quality Management 1 MIC = Multi Asset Investment Committee 2 RIC = Regional Investment Committee 3 PIC = Portfolio Implementation reCommendation Source: Deutsche Bank Wealth Management Deutsche Bank Weal

er 2015 Forecast for 2016 GDP Japan China World March 2016 Forecast For 2016 GDP Footnotes: Data as of March 25, 2016. Data as of March Source: FactSet, Deutsche Bank Wealth Management. Global Sovereign Yields Highly Correlated Production Cuts Good; More Needed The ECB's aggressive central bank actions have pushed sovereign rates

Allocation MIC1 Regional Asset Allocation RIC2 Security Selection PIC3 Portfolio Management Client Portfolio Quality Management 1 MIC = Multi Asset Investment Committee 2 RIC = Regional Investment Committee 3 PIC = Portfolio Implementation reCommendation Source: Deutsche Bank Wealth Management Deutsche Bank Weal