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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)

…OLLABORATIVE INSIGHTS February 25, 2019 Equity Research Price Targets: Cowen and Company, LLC assigns price targets on all companies covered in equity research unless noted otherwise. The equity research price target for an issuer's stock represents the value that the analyst re...

Exhibit 85: Moody’s Liquidity Stress Index and
document IMAGES-003-HOUSE_OVERSIGHT_014603.txt Nov 30, 2016 House Oversight Committee — Epstein Estate Records (Nov 2025)

…U 20 2002 2004 2006 2008 2010 2012 2014 2016 Data through November 30, 2016. Note: Moody's Liquidity Stress Indexes fall when corporate liquidity appears to improve and rise when it appears to weaken. Source: Investment Strategy Group, Moody’s. Exhibit 86: Cumulative US High...

make some inroads into the mainstream German press. China Daily’s advertisement
document IMAGES-006-HOUSE_OVERSIGHT_020623.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…rman firm, the German Television News Agency or DFA, to provide soft features about how important China is to Germany. Called Nihao Deutschland, the program has been criticized as propaganda in the mainstream German press.* Reaction It is in business, the one area of tangible C...

NLV-I has capital commitments of $310 million, and the Fund Managers began investing in
document IMAGES-007-HOUSE_OVERSIGHT_024030.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

New Leaf Funds NLV-I has capital commitments of $310 million, and the Fund Managers began investing in mid-2005. The fund completed its new investment period in early 2008 with a portfolio of 22 companies. NLV-I has fully realized 13 investments, and there are nine active invest...

This observation helps clarify my hypothesis that job learning costs no time that
document IMAGES-001-HOUSE_OVERSIGHT_011029.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…dence that hourly if not yearly pay rises until retirement, or very near, would refute Ben-Porath’s claim if human capital ended at retirement. But it continues through retirement because imputed pay does. Mill and a few economists before him acknowledged “productive” and “unpr...

Key financial market driver 3 - China growth outlook
document IMAGES-007-HOUSE_OVERSIGHT_024145.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

Key financial market driver 3 - China growth outlook Key questions e When will the economy bottom out? e What economic policy responses can we expect to support the economy ahead? e How significant is the contagion risk from a possible downturn in the Eurozone? ClO View (Pro...

TIIC Group backed by Edmond de Rothschild, is a pan-European infrastructure firm advising on mid-mar
document IMAGES-008-HOUSE_OVERSIGHT_026065.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…ean infrastructure firm advising on mid-market infrastructure projects across Europe in both the transportation and social sectors. It was established in 2008 by the 3 founding partners of TIIC Group, Jaime d’Almeida, Manuel Cary and Francisco Mendes, with strategic support from...

It would be nice to test from such a dataset, again starting from (4.6), to see if free
document IMAGES-001-HOUSE_OVERSIGHT_011014.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…again starting from (4.6), to see if free growth theory holds again. Who knows? Meanwhile, | think, the case is closed. All growth at very large scales is free until proved otherwise. Where Does Opinion Stand Now? What should we make of this evidence for free growth in nationa...

It follows that if real GDP is understated, then
document IMAGES-003-HOUSE_OVERSIGHT_014548.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

It follows that if real GDP is understated, then what appears to be a slow recovery is not as slow as reported and what appears to be a period of low productivity growth is not as low as reported. We believe that the evidence favors the mismeasurement argument. At a September 20...

Exhibit 23: Policy Rate Path Projections
document IMAGES-003-HOUSE_OVERSIGHT_014560.txt Dec 31, 2016 House Oversight Committee — Epstein Estate Records (Nov 2025)

…3: Policy Rate Path Projections We expect the pace of monetary policy tightening to accelerate but remain benign. Federal Funds Rate (%) 405 ISG View GIR View Market Implied Median Federal Reserve Projection 3.5 5 3.0 25 + 2.0 - 0.5 0.0 Dec-16 Dec-17 Dec-18 Dec-19 Dat...

Investment Gold man
document IMAGES-009-HOUSE_OVERSIGHT_026969.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

Investment Gold man Management Important Information Division Tax Information. GS does not provide legal, tax or accounting advice, unless explicitly agreed in writing between you and GS, and does not offer the sale of insurance products. You should obtain your own independent...

play a critical role in enabling the necessary structural changes to the healthcare system. The
document IMAGES-007-HOUSE_OVERSIGHT_024019.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

play a critical role in enabling the necessary structural changes to the healthcare system. The HITECH Act created a $25.9 billion!? Federal Government funded catalyst for the adoption of information technology in healthcare in the U.S., and this is stimulating significant invest...

Exhibit 19: US Equity Volatility
document IMAGES-003-HOUSE_OVERSIGHT_014553.txt Dec 31, 2016 House Oversight Committee — Epstein Estate Records (Nov 2025)

Exhibit 19: US Equity Volatility Spikes in equity volatility have corresponded with major global shocks. VIX Level 30 () Global Financial Crisis 80.9 ® First Greek Bailout (11/20/08) @) Debt Ceiling, S&P Downgrade, 70 -| Eurozone Sovereign Debt Crisis G) Greek Default 60 + @...

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document IMAGES-007-HOUSE_OVERSIGHT_024011.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

TABLE OF CONTENTS 1, EXGCHHVE SUTHALY ssnscscnmsancannnnamnmmannmncnnnsaennenaesaN RNIN 1 TL. TH 6 T G81 snsassemnsnaunaccmencuncs nena mean aR aR RTNIR SERRANO 11 III. Summary of Historical Investment Performancce.........cccsesessssssssssesesseessscesssssesseeeesseeeees 18 IV....

4 Wednesday, September 28, 2016
document TEXT-001-HOUSE_OVERSIGHT_023571.txt Sep 28, 2016 House Oversight Committee — Epstein Estate Records (Nov 2025)

4 Wednesday, September 28, 2016 CHINA CHINA DAILY» CHINADAILY.COM.CN/NATION Developing nations in Central Asia, Europe, Southeast Asia, Africa and other regions need to have our news perspectives and voices heard.” Wilson Flores, columnist at the Philippine Star newspaper COMMER...