From: jeffrey E. <[email protected]> Sent: Thursday, January 8, 2015 12:03 AM To: Peter Thiel Subject: Re: zero interst rates are too high euro at parity, bitcoin trading like oil. 40 latin america on its way to the toilet. great opportunity,. braziletc. On Wed, Jan 7, 2015 at 7:25 PM, Peter Thiel > wrote: And in US and UK as well. C=ntral banks are really tight in those two places, though everyone thinks t=ey are super-dovish... From: jeffrey E. [mailto:[email protected]=J Sent: Wednesday, January 07, 2015 2:23 AM To: P=ter Thiel Subject: zero interst rates are too high=/span> http://www.nytimes.com/2015/01/08/business/internat=onal/europe-economy- deflation.html?hp&action=click&pgtype=Home=age&module=first-column-region&region=top-news&INT.nav=to=-news <http://www.nytimes.com/2015/01/08/business/internatio=al/europe-economy- deflation.html?hp&action=click&pgtype=Homepa=e&module=first-column-region&region=top-news&WT.nav=top- =ews> please note=/u> The information contained in this commu=ication is confidential, may be attorney-client privileged, may cons=itute inside information, and is intended only for the use of the addre=see. It is the property of JEE Unauthorized use, disclosure or copyi=g of this communication or any part thereof is strictly prohibited a=d may be unlawful. If you have received this communication in error, pl=ase notify us immediately by return e-mail or by e-mail to [email protected], a=d destroy this communication and all copies thereof, including all a=tachments. copyright -all rights reserved EFTA_R1_01647069 EFTA02513780

4> please note The information contained in this commu=ication is confidential, may be attorney-client privileged, may cons=itute inside information, and is intended only for the use of the addre=see. It is the property of JEE Unauthorized use, disclosure or copyi=g of this communication or any part thereof is strictly prohibited a=d may be unlawful. If you have received this communication in error, phase notify us immediately by return e-mail or by e-mail to [email protected], a=d destroy this communication and all copies thereof, including all a=tachments. copyright -all rights reserved 2 EFTA_R1_01647070 EFTA02513781