Epstein Secrets

/USD (Fwd. Rates) SwitzerlandUSD/CHF (Fwd. Rates) Euro Cross Rates Japan EUR/JPY U.K. (Fwd. Rates) EUR/GBP (Fwd. Rates) SwitzerlandEUR/CHF Norway Sweden (Fwd. Rates) EUR/NOK (Fwd. Rates) EUR/SEK (Fwd. Rates) EFTA01464310 0.80 0.80 0.80 0.77 - 0.80 0.79 0.78 0.93 0.99 1.04 1.06 - 0.9

ted with private inflows since the late 1990s Figure 6: Relative to the private basic balance, the dollar is expensive Source: DB FX Research and Haver Analytics Source: DB FX Research and US Treasury Deutsche Bank Securities Inc. Page 25 EFTA01464356 30 July 2013 Exchange Rate Perspectives: FX and the

ary Slovak Republic Portugal New Zealand OECD average Finland Iceland Sweden Australia Denmark Netherlands Germany France Austria Canada Switzerland Norway Luxembourg Note: OECD data adjusted for Purchasing Power Parity. *Total expenditure on health measures the final consumption of health goods and ser

0 1995 Note: Housing includes purchase, rent and home improvement. Government savings occur when government runs a surplus. Ta Source: BEA, CMS via Haver Analytics. < kpcb.com USA Inc. | Summary CB www.kpcb.com USA Inc. xvii HOUSE_OVERSIGHT_020840 With these trends, USA Inc. will not be immune to the sudden c

nd Germany 10 France Germany 10 Sweden Switzerland 11 Austria Estonia 1 Czech Republic UK 12 Denmark Iceland 12 France Slovenia 13 Iceland Denmark 13 Norway Poland 14 Sweden Slovenia 14 USA ireland 15 Ireland Norway 45 Hungary Belgium 16 Norway . France 16 Iceland Hungary 17 Czech Republic Slovakia | 18 U

a TE - S Note: Housing includes purchase, rent and home improvement. Government savings occur when government runs a surplus. KP Source: BEA, CMS via Haver Analytics. (@E) www.kpcb.com USA Inc. | What Might a Turnaround Expert Consider? 408 HOUSE_OVERSIGHT_021045 USA Income Taxes Higher, Consumption Taxes Lower