, Deutsche Bank Wealth Management. Deutsche Bank EFTA01477389 Wealth Management 15 EFTA01477390 Downshifting its Pace U.S. Dollar Dollar in Tightening Cycle -20% -15% -10% -5% 0% 5% 10% 15% 20% 25% 0 20 40 60 12/1/1976 3/29/1988 Start of Cycle 12/1/1976 8/7/1980 3/27/1984 12/16/1986