Epstein Secrets

rump casts immigrants as dangerous criminals, but the evidence shows otherwise Inline image 1 Starting from his first day as a candidate, President Donald Trump has made demonstrably false claims associating immigrants with criminality. As president, he has sought to justify restrictive immigration policies

tion's estimated 11 million illegal immigrants to the negative impacts their presence can have on local communities. At the White House, President Trump has on several occasions used the bully pulpit to highlight some of the most sensational crimes by immigrants, and he met in the Oval Office with fa

ting from his first day as a candidate, President Donald Trump has made demonstrably false claims associa

have on local communities. At the White House, President Trump has on several occasions used the bully pulpit to

te House. And not to let something drop, there is Mr. Trump on Twitter just recently pouring gasoline on the

don't talk about are the families of Americans." Trump's focus on those families, through the new office c

store, a foot-traffic magnet on tony Fifth Avenue in Manhattan, the latest step in a massive cost-cutting effort. Big-box office supplies stalwart Staples is reportedly considering putting itself up for sale. The shakeout among retailers has been building for years and is now arriving in full force. Th

Epstein was different from most sexual abuse sus- pects; he was tar more pow- erful. lie counted among his friends former President Bill Clinton. Donald Trump and Prince Andrew, along with some of the most prominent legal, scientific and business minds in the country. When detectives started Sc, FPSTF

s friends former President Bill Clinton. Donald Trump and Prince Andrew, along with some of the most

mong his friends former President Bill Clinton. Donald Trump and Prince Andrew, along with some of the

tt e Su um n° visaw&beaco A backpack worthy of praise DELKAY BEACH — Kailyn Graham, 4, is proud of the new pink backpack she received at the Staples store through Variety In- ternational Processing, Inc., a drug-testing company that wanted to give back to the community. About 300 backpacks were d

e trends, starts others In the three weeks since Donald Trump’s election victory global markets have seen some dr

Global Cross Asset Strategy —- Year Ahead Bankof America The Trump inflection ape ce Investment Strategy 30 November 2016 Corrected Key takeaways ee « Market response to Trump is logical but moves have been frontlo

am Page for Full List of Contributors 10Y real rates. CNH a hedge vs trade risk. Trump extends some trends, starts others In the three weeks since Donald Trump’s election victory global markets have seen some dramatic moves. Som1e of those moves are extending trends that had already started — higher yields, hi

16 Bankof America 2 Merrill Lynch HOUSE_OVERSIGHT_014435 --- PAGE BREAK --- Chart 3: EM debt and equity have been hit Chart 4: While Banks versus Staples has gone ballistic 950 r 40 0.43 ——MSCI EM _ 900 SSW eG TRS EN LSI SEE ERG ; , ———S&P 500 Banks relative to Food & Bev 0.39 (RHS) 850 0.37 0.35 800 0

Visoski to purchase a box of condoms to place on Donald Trump's seat after he found out Trump's girlfrien

to purchase a box of condoms to place on Donald Trump's seat after he found out Trump's girlfriend was p

the interview. Due to the exigent travel requirements and with the situation occurring over the weekend, a replacement cartridge was purchased from Staples. SA purchased one (1) Hewlett Packard Model Q6000A black toner cartridge for use in the UNET unclassified printer on March 13, 2011. Reimbursement

hone numbers, said that BILL CLINTON and DONALD TRUMPs' telephone numbers were in the book as well as m

relative price vs 52wk average (SD) Source: Re BofA Merrill Lynch Global Research, Bloomberg place this text Chart 6: Rapid relative de-rating for Staples — relative PE for Food & Beverage still 6-10% above 2010 / 2014 levels 1.70 1.60 1.50 1.40 1.30 1.20 =———PE-relative FOOD & BEV 110 eee German

r Cross Asset year ahead you needed not so much a crystal ball as a time machine to have got things completely right this year. Aside from Brexit and Donald Trump winning the US election it is easy to forget that in February we were worrying about a US recession and deflation. US 5Y5Y forward breakeven inflatio

ed at 1.8% at that point. Four months later we were worrying about the deflationary impact of Brexit. Now we are thinking about the reflation under a Trump Presidency. Chart 9: US 5Y5Y forward inflation troughed in February Chart 10: At the same time as Basic Resources 3.3 17 34 45 —— Stoxx Basic Resour

illion passengers. Circus Circus p Hilton Grand Trump International, ~ Vacations,Club r . Turnberry Pla

7 $2,116 HOUSE_OVERSIGHT_018790 --- PAGE BREAK --- Multifamily Housing and Condominium Overview TRUMP TOWERS 2000 Fashion Show Drive DEVELOPER: Donald Trump SUBMARKET: The Strip YEAR BUILT/SELLOUT: 2008 NUMBER OF HOMES: 430 STATUS TYPE SIZE SF LIST PRICE LIST PSF ACTIVE 3-BED/3-BATHS 3340 $3,350,000 $1

own Square Las Vegas contains a world-class 902,000 square-foot regional lifestyle center anchored by Apple, AMC Cinemas, Whole Foods, H&M, Old Navy, Staples, Guitar Center and a recently opened Saks Off Fifth Avenue. Fashion Show Mall, a +1.9 million square-foot regional mall, is located at the northwest

reform OK, maybe it’s not as inevitable as death and taxes, but some form of corporate tax reform seems likely. It is a stated priority of President Trump and has widespread Congressional support. We here focus on four components that could have big equity implications. We assess the impacts at a market

x reform seems likely. It is a stated priority of President Trump and has widespread Congressional support. We here

ctor Est. cash Overseas cash Effective tax Net % imported vs Sector overseas ($bn) = % mkt cap rate LTM exported COGS Discretionary 15 2.9% 28% -14% Staples 68 3.2% 29% -13% Energy 39 26% 21% -3% Health Care 187 10% 23% A% Industrials 127 6.0% 26% 1% Technology 647 14.9% 20% -9% Materials 24 40% 23% 3% Te

r- end target of 2.85% for the 10y rate (just above the median forecast). Long-term rates have remained low due to uncertainty around Fiscal policy (Trump’s plans on infrastructure spending), subdued inflation expectations and a slower than expected Fed hiking cycle. On the other hand, a near full-emplo

SPX puts conditioned on higher rates Participate in the continuation of the reflation trade. Cheapen Financials upside by selling rich Utilities and Staples vol & expensive correl. Higher US rates and stronger dollar are likely to hurt companies exposed to EM and help US DM. Trade the outperformance in a