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TED2017: The future you
document IMAGES-003-HOUSE_OVERSIGHT_014955.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

TED2017: The future you https://ted2017.ted.com/program 4/20/17, 12:07 PM Martin Ford Futurist Martin Ford imagines what the accelerating progress in robotics and artificial intelligence may mean for the economy, job market and society of the future. Martin Ford was one of t...

Downside risks are: 1) integration risk from smartwatches and other wearables
document IMAGES-003-HOUSE_OVERSIGHT_014941.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…rsion rates that lead to lower PMC growth, the need to acquire competing sites to maintain growth or market share, and Bankof America Merrill Lynch Internet/e-Commerce | 06 April2017 955 HOUSE_OVERSIGHT_014941

Morgan Stanley | RESEARCH
document IMAGES-008-HOUSE_OVERSIGHT_025568.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

Morgan Stanley | RESEARCH NORTH AMERICA INSIGHT ~~ Deconstructing Our Implied Carry Valuation: What Is the Market Paying? We deconstruct the various pieces of a SOTP for the alts in order to determine our best guess on how much the market is valuing future performance fees. We...

Table 10: Summary of closed trades as of 19-Jun-17
document IMAGES-003-HOUSE_OVERSIGHT_014996.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…which may be delayed in some cases. “Trade Value” represents current valuation of trades initiated on the “Open Date”. Bankof America Merrill Lynch Global Equity Volatility Insights | 20 June 2017. 25 HOUSE_OVERSIGHT_014996

Notable trends and dislocations (Europe)
document IMAGES-003-HOUSE_OVERSIGHT_014982.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…nflation) but inter-sector correlation now seems supported likely driven by the unwind of reflation trades (Chart 18). Bankof America <> ariective Merrill Lynch Global Equity Volatility Insights | 20 June 2017 11 HOUSE_OVERSIGHT_014982

academic panel at MIT missed the point: “(That is why it is called the Connection
document IMAGES-004-HOUSE_OVERSIGHT_018366.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

academic panel at MIT missed the point: “(That is why it is called the Connection Machine.)”189 Hillis’s ambition to build this device boiled in him while he was at MIT, and it finally outstripped what MIT could support, so he gathered a group of students and started a small com...

Politics — populism in the Eurozone?
document IMAGES-002-HOUSE_OVERSIGHT_014475.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

… whether the populism train will gather pace or terminate at the Eurozone. Italy risks elevated, but risks two way and banks the bigger issue Although Italy goes to the polls this year, it is worthwhile starting with this Sunday’s vote. In Strategy Insights: Italy risks elevate...

Reagan's second-term innovations on
document IMAGES-010-HOUSE_OVERSIGHT_029824.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…led by the Federal Reserve's continued near-zero interest- rate policy, are taking us into uncharted territory. Central banks have tried most every tool to stimulate growth; if Japan is HOUSE_OVERSIGHT_029824

EMEA - Integrated & Refiners Coverage Cluster
document IMAGES-007-HOUSE_OVERSIGHT_023606.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…ing indicates the security is not covered. Chart is current as of May 31,2017 or such later date as indicated. deg oes Bankof America 32 Global Equity Volatility Insights | 06 June 2017 Merrill Lynch HOUSE_OVERSIGHT_023606

Snowden’s supporters, to be sure, disputed this view. If only as an act of faith in Snowden’s
document IMAGES-005-HOUSE_OVERSIGHT_020298.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

146 Snowden’s supporters, to be sure, disputed this view. If only as an act of faith in Snowden’s personal integrity, they continued to believe his avowal to Senator Humphrey that he had acted to protect U.S. secrets by shielding them from adversary intelligence services after h...

Cheapest tail-risk Hedges
document IMAGES-003-HOUSE_OVERSIGHT_014772.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…k since its inception, and in a statement to the Senate 42 __ Global Rates, FX & EM 2017 Year Ahead | 16 November 2016 Bankof America Merrill Lynch HOUSE_OVERSIGHT_014772

Characterizing carry
document IMAGES-003-HOUSE_OVERSIGHT_014767.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…aS AES STSS Source: BofA Merrill Lynch Global Research, Bloomberg Source: BofA Merrill Lynch Global Research, Bloomberg Bankof America 2 Global Rates, FX & EM 2017 Year Ahead| 16 November 2016 37 Merrill Lynch HOUSE_OVERSIGHT_014767

The combination of these factors suggest Japanese equities have further to run. We also
document IMAGES-002-HOUSE_OVERSIGHT_014448.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…eneficial for the NKY position. Chart 31: Japan equities have outperformed during US bear-steepening led by cyclicals, banks and insurance 125 Japan Sector = cyclical outperform on 10 4 UST bear-steepening 8 6 4 2 a 2 4 6 8 -10 424 USDJPY DXY MSCI JP MSCI JP/ Discretionary Fina...