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COLLABORATIVE INSIGHTS February 25, 2019
document IMAGES-008-HOUSE_OVERSIGHT_024918.txt Feb 25, 2019 House Oversight Committee — Epstein Estate Records (Nov 2025)

…LC. New York 646 562 1010 Boston 617 946 3700 San Francisco 415 646 7200 Chicago 312 577 2240 Cleveland 440 331 3531 Atlanta 866 544 7009 Stamford 646 616 3000 Washington, D.C. 202 868 5300 London (affiliate) 44 207 071 7500 COWEN AND COMPANY EQUITY RESEARCH RATING DEFINITIONS...

Thank you for reviewing this publication
document IMAGES-003-HOUSE_OVERSIGHT_014617.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…provided for illustrative urposes only. Your asset allocation, actical tilts and portfolio performance may look significantly different based on your particular circumstances and ris olerance. Not a Municipal Advisor. Except in circumstances where Goldman Sachs expressly agrees...

Volatility in Asia
document IMAGES-003-HOUSE_OVERSIGHT_014987.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…ng has become too big, too complicated, and too levered to easily regulate—even at the highest quality bank, China Merchants, off-balance sheet wealth management products (WMP) have grown to 40% the size of on-balance sheet assets from just 18% two years ago, and (3) excessive ho...

Exhibit 36: Contribution from Change in
document IMAGES-003-HOUSE_OVERSIGHT_014574.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

Exhibit 36: Contribution from Change in Inventories to US GDP Growth Inventories should support growth after five quarters of subtracting from GDP. Recession Contribution Percentage Points, 5-Quarter Moving Total 14 5 1981 1986 1991 1996 2001 2006 2011 2016 Data through 03...

86th year, No. 23811 TUESDAY, DECEMBER 13, 2016 $1
document TEXT-001-HOUSE_OVERSIGHT_014498.txt Dec 13, 2016 House Oversight Committee — Epstein Estate Records (Nov 2025)

…address the issue, Chan said. “If we had done it earlier, we probably would have collected enough,” he said. “Now they want to make it up when times are hard.” In many cases, the government can’t say what each employer owes “ I don’t think there’s enough political willpower to do...

On today's financial market developments
email IMAGES-011-HOUSE_OVERSIGHT_031156.txt Aug 4, 2011 House Oversight Committee — Epstein Estate Records (Nov 2025)

…e structural inconsistencies of the EMU than we have (I have a 2-year bibliography of what we said and when, if anyone wants it). The “Sick Men of Europe” paper from February 2010 and “Don Quixote Thanksgiving” from November 2010 go into the greatest detail on why. Our concerns...

due to adverse political, economic or other developments. These risks are magnified for investments
document IMAGES-004-HOUSE_OVERSIGHT_016803.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…, Members FDIC and wholly owned subsidiaries of BofA Corp. Investment products: Are Not FDIC Insured Are Not Bank Guaranteed May Lose Value The Bull Symbol and Merrill Lynch are trademarks of Bank of America Corporation. This report may not be reproduced or distributed withou...

Thomas L. Friedman
document TEXT-001-HOUSE_OVERSIGHT_030268.txt May 28, 2011 House Oversight Committee — Epstein Estate Records (Nov 2025)

…t is not in power. So the goals of the revolution are being applied by an agent, the army, which I think is sincere in wanting to do the right things, but it is not by nature revolutionary.” To their credit, the Egyptian generals moved swiftly to put in place a pathway to democr...

impressed a pupil’s father who then recruited: him to a job on Wall
document IMAGES-006-HOUSE_OVERSIGHT_021093.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…ing to her. He lifted her up at a time when she was very down.’ Ghislaine’s friends have asserted that she desperatelyiwanted,toomartyEpsteiny but that their romance turned into what one has described as ‘an affectionate business relationship’. Epstein provided Ghislaine with a h...

Underfunded entitlements are among the most severe financial burdens USA Inc. faces
document IMAGES-006-HOUSE_OVERSIGHT_020832.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

Underfunded entitlements are among the most severe financial burdens USA Inc. faces. And because some of the most underfunded programs are intended to help the nation’s poorest, the electorate must understand the full dimensions of the challenges. Unfunded Entitlement (Medicare...

significant credit issues for the banks as weaker firms (who are clients) will be better
document IMAGES-003-HOUSE_OVERSIGHT_014634.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

significant credit issues for the banks as weaker firms (who are clients) will be better positioned to sell themselves to the tech behemoths looking for innovative ideas. Catalysts: 1) Improving expectations around rising rates (on back of better macro- economic data) will conti...

Article 1. Scientific American
document TEXT-001-HOUSE_OVERSIGHT_024592.txt Aug 23, 2011 House Oversight Committee — Epstein Estate Records (Nov 2025)

…well in their kingdom or their country? Deluded isn't quite the word, because if you're surrounded by a group of sycophants who tell you what you want to hear, not what you need to hear, you can be in touch with reality by psychological tests but quite out of touch with reality...

Re: Edmond de Rothschild Infrastructure Expertise
email TEXT-001-HOUSE_OVERSIGHT_026069.txt Feb 8, 2017 House Oversight Committee — Epstein Estate Records (Nov 2025)

…thanks, the issue will be returns on investment. . there is a HUGE amount of cash sitting on the sidelines, trump will want to do private public partnerships on most things. . donald loves the rothschild name. On Wed, Feb 8, 2017 at 7:23 AM, EL HACHEM Johnny _____________________...

line with the rest of the world on this issue. Similarly, the accelerated depreciation of
document IMAGES-007-HOUSE_OVERSIGHT_023084.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…e rest of the world on this issue. Similarly, the accelerated depreciation of machinery & equipment would become irrelevant due to the move toward taxation based on business cash flow and the immediate write-off of capital expenditures. Once the depreciation from legacy investmen...