Epstein Secrets

hares in publicly traded companies, nearly half the country expects quarterly updates on our investments. But although 100% of us are stakeholders in the United States, very few of us look closely at Washington’s financials. If we were long-term investors, how would we evaluate the federal government’s business mode

) showed Federal revenue sufficient to support entitlement spending + interest payments until ZOG0E — 35 years later than current projection. Note: *Carmen Reinhart and Kenneth Rogoff observed from 3,700 historical annual data points from 44 countries that the relationship between government debt and real GDP gr

for the past 50 years no longer hold true...If we are committed to investing in ideas to improve — not just maintain — what we have and what we know, the United States will do more than just recover from this recession. We will emerge, once again, as a competitive, global powerhouse...lnnovation...accrues to countri

aBaNAGAANANA OG AA 1 1 6 7 1 2 4 3 1 1 3 1 2 1 1 2 1 0 1 1 0 2 0 Top 1-25 Global $32,438 $47,081 -3% 81% $2,790 34,632 57,937 -2 100 2,885 Note: “Carmen Reinhart and Kenneth Rogoff observed from 3,700 historical annual data points from 44 countries that the relationship between government debt and real GDP gro

Is Different: Eight Centuries of Financial Folly, Carmen Reinhart and Kenneth Rogoff use historical data from 66 co

ductivity Slowdown,” University of Chicago Booth School of Business, June 2016. David M. Byrne, John G. Fernald and Marshall B. Reinsdorf, “Does the United States Have a Productivity Slowdown or a Measurement Problem?” Brookings nstitution, March 1, 2016. David Byrne and Carol Corrado, “ICT Prices and I

by GSI, Peterborough Court, 133 Fleet Street, London EC4A 2BB; by Goldman Sachs Canada, in connection with its distribution in Canada; in the United States by Goldman, Sachs & Co. lember FINRA/SIPC; in Hong Kong by Goldman Sachs (Asia} L.L.C.; in Korea by Goldman Sachs (Asia} L.L.C., Seoul Branch; in Jap

ernational Macroeconomics, by Maurice Obstfeld and Kenneth Rogoff, MIT Press, 1996. e This Time Is Different: Eight Centuries of Financial Folly, by Carmen Reinhart and Kenneth Rogoff, Princeton University Press, 2009, (selected chapters). Readings: Readings can be accessed online or are available on Reserve at

Historical Comparison,” American Economic Review 98 (May 2008): 339-344. *Reinhart, Carmen and Kenneth Rogoff, “The Aftermath of Financial Crises,” American Economic Review 99 (May 2009): 466-472. *Reinhart, Carmen and Kenneth Rogoff, 7his Time Is Different: Eight Centuries of Financial Folly, Princeton U