ing through the same EUR de-rating process. Recent Notes Central Banks' Losses from EURUSD this Year: USD300 Billion and Counting, May 6, 2010 On the Eroding Reserve Currency Status of the EUR, April 13, 2010 Will Greece be the Next Argentina? April 9, 2010 Sovereign Pension Funds: Approaching US$5.0 Trillion in AUM, March 31,

ing through the same EUR de-rating process. Recent Notes Central Banks' Losses from EURUSD this Year: USD300 Billion and Counting, May 6, 2010 On the Eroding Reserve Currency Status of the EUR, April 13, 2010 Will Greece be the Next Argentina? April 9, 2010 Sovereign Pension Funds: Approaching US$5.0 Trillion in AUM, March 31,

ing through the same EUR de-rating process. Recent Notes Central Banks' Losses from EURUSD this Year: USD300 Billion and Counting, May 6, 2010 On the Eroding Reserve Currency Status of the EUR. April 13, 2010 Will Greece be the Next Argentina? April 9. 2010 Sovereign Pension Funds: Approaching US$5.0 Trillion in AUM, March 31,