Epstein Secrets

IES ACT AND THEREFORE MAY NOT BE TRANSFERRED BY A HOLDER THEREOF WITHIN THE U.S. OR TO A "U.S. PERSON" UN

tries, including emerging countries that have legal and regulatory environments that are significantly different from those of the United States or Western Europe. Specifically, investments in such companies may be subject to (i) economic, market, political and local risks related to the governmental systems i

rve assets 190 188 226 262 280 279 302 337-376 by holder: Investment funds t 4 4 5 5 5 6 8 7 Commercial ba

and Far East Saudi Arabia exported c.1mbpd of oil products in 2014, mainly to Asia and the Far East (56%), other Middle Eastern countries (19%) and Western Europe (12%). Chart 61: Oil product export volumes split per region in 2014 Chart 62: Saudi Arabia oil product slate in 2014 1% _ 1% 20.1 13.0 449 11%

012. We think that the risk that the Fed will take measures in addition to the extension of "Operation Twist" is still significant. e Large parts of Western Europe are in recession or stagnation. We expect the economies of the Eurozone and the UK to show mild improvement in 2H 2012. Still, economic activity is l

alth Management Australia Ltd ABN 50 005 311 937 (Holder of Australian Financial Services Licence No. 2311

Return to long-term trend ¢ The Eurozone crisis abates. Financial market conditions recover, mitigating the drag from fiscal austerity. ¢ Growth in Western Europe turns decisively positive by early 2013 and the US economy grows above trend. & Negative scenario (Probability: 15%*) Recession ¢ There are three ke

ealth Managemen Australia Ltd ABN 50 005 311 937 (Holder of Australian Financial Services Licence No. 2311