Epstein Secrets

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kraft AS Haci Omer Sabanci Holding AS Caisse de depot et placement du Quebec Felda Global Ventures Holdings Proventus AB The Earth Institute. Columbia University USA Switzerland USA France Israel USA Switzerland Norway Qatar Norway Turkey Canada Malaysia Sweden USA World Economic Forum Annual Meetin

e Vice-President. Manufacturing and Engineering Senior Vice-President, Head of Corporate Strategy World Economic Forum Annual Meeting DCI Group Cisco Columbia University Hua Dan Agility Interpeace UBS AG SRG SSR UBS AG Unilever Belgium USA USA France USA Switzerland Switzerland Switzerland Switzerland

of Finance and Public Credit of Colombia Gunilla Carlsson Minister of International Development Cooperation of Sweden Mark J. Camay Governor of the Bank of Canada Bob Carr Minister of Foreign Affairs of Australia Sir Roger Carr Chairman Centrica Plc United Kingdom Cynthia Carroll Chief Executive Anglo

e Agency. France Jun Arai President Showa Shell Sekiyu K.K. Japan Marta Arango Nimnicht Founder and General Director International Center for Colombia Education and Human Development (CINDE) Louise Arbour President and Chief Executive Officer International Crisis Group Belgium (ICG) Dan Arie

cutive Officer HCL Axon United Kingdom Gunilla Carlsson Minister of International Development Cooperation of Sweden Mark J. Carney Governor of the Bank of Canada Roger M. Carr Chairman Centrica Plc United Kingdom Jose Carreras Opera Singer Jose Carreras International Spain Leukaemia Foundation Cynthi

e Agency. France Jun Arai President Showa Shell Sekiyu K.K. Japan Marta Arango Nimnicht Founder and General Director International Center for Colombia Education and Human Development (CINDE) Louise Arbour President and Chief Executive Officer International Crisis Group Belgium (ICG) Dan Arie

cutive Officer HCL Axon United Kingdom Gunilla Carlsson Minister of International Development Cooperation of Sweden Mark J. Carney Governor of the Bank of Canada Roger M. Carr Chairman Centrica Plc United Kingdom Jose Carreras Opera Singer Jose Carreras International Spain Leukaemia Foundation Cynthi

rish (not foolish) For the year ahead, we recommend being bearish 5y US rates, long USDJPY and short a basket of LatAm long bonds (Mexico, Brazil and Colombia). ¢ But in the near term, we urge caution with the reflation trade. Short 10y US real rates offers the best risk-reward after recent moves. US rate

and CAD. The CAD offers very low carry and we forecast a 1.5% depreciation by 1Q17 vs the USD. The economy keeps displaying weak growth and we expect the Bank of Canada likely to cut rates and maintain the accommodative stance of monetary policy. Asia: short SGD/INR We like short SGD/INR (spot 47.96, target 47, sto

er & Co. Ltd Laboratorios Bagé SA National Bank of Kuwait Grupo Nacional Provincial SAB Norway USA Germany Indonesia USA USA USA Germany Japan Colombia Belgium USA India United Kingdom United Kingdom USA USA USA United Kingdom Ethiopia United Kingdom Switzerland Syria Germany USA USA USA I

hief of Staff to Office of Chief Executive Officer Chief Executive Officer Minister of International Development Cooperation of Sweden Governor of the Bank of Canada Chairman Opera Singer Chief Executive Chief Marketing, Strategy and Communication Officer and Executive Vice-President General Manager, Bank for