Epstein Secrets

ries in the region felt reassured and applauded quietly. Today, U.S. security ties with key Asian nations — India, Australia, Japan, Korea and even Vietnam — are better than ever. 2. China's massive foreign exchange reserves give it huge clout. China owns roughly $2 trillion in U.S. Treasury and mortga

the World Economic Forum are interested in the Arab Spring as a matter of paramount global importance. (That said, among the regular attendees, the Eurozone is of far more interest. At one panel discussion I attended on "The Future of North Africa," the auditorium was about 10% full. For a "Future of th

na appears to be passing through it's Lewisian turning point. Already China's low-cost manufacturing base is relocating to poorer countries such as Vietnam and Bangladesh. That is the manufacturing base that supplies cheap toys, shoes and clothes to richer countries. This in itself will spread wealth, a

tem in 1992, or the collapse of Japan into deflation in the early 1990's. At the time of writing it is clear that the central banks of the USA, the Eurozone, Japan, the UK, Switzerland, Sweden and others are all following their own significantly different policies, based primarily on experience and intu

important contributor to US GDP growth. Growth has also begun to pick up in key areas of the emerging markets, including China and Brazil. While the Eurozone economy remains weak, we expect Q3 2012 to mark the bottom, and that growth will begin to get "less bad" from Q4 2012. Equities Equity markets have

continue to tap the primary market if they ask for a support program? ¢ How much more support will Greece receive and will it be able to stay in the Eurozone next year? CIO View (Probability: 70%*) Austerity and weak growth ¢ We think the Eurozone economy troughed in 3Q. We expect flattish growth in 4Q 20

e softs are likely to remain well supplied, which should keep prices under pressure. Improved export activity of coffee and strong stock selling from Vietnam in 4Q12 should weigh on coffee prices in the short-term. For sugar, higher production from Brazil and other producers should continue to burden price