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Time: 06/13/18 10:05:35 AM (550602335)
document IMAGES-009-HOUSE_OVERSIGHT_027286.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…No Is Invitation: No GUID: 48FE746F-0A23-46FB-8128-DO7E566CD8CF Message: His reflections in the few days he spent in China also reveal Einstein's tendency to perceive foreigners as a threat. "It would be a pity if these Chinese supplant all other races," he wrote. "For the lik...

Exhibit 76: Emerging Market Currency Valuation
document IMAGES-003-HOUSE_OVERSIGHT_014598.txt Nov 30, 2016 House Oversight Committee — Epstein Estate Records (Nov 2025)

…ow, we remain tactically positioned to benefit from further renminbi weakness given our long- standing concerns about China’s economic vulnerabilities and the likelihood of looser policy, policy mistakes and capital outflows. we believe the ascent of interest rates remains in...

Time: 12/01/18 03:09:05 PM (565398545)
document IMAGES-009-HOUSE_OVERSIGHT_027537.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…1601) Flags: 1150981 Is Read: No Is Invitation: No GUID: 68H55738-F9A1-4E11-82F7-2BCCCO68F68C1 Message: I had three China guys today . I told them they should brief you. Therr is s forty year anniversary in Beijing of the beginning of economic growth initiative Sender: Time...

Market’s unusual lack of volatility
document IMAGES-001-HOUSE_OVERSIGHT_012095.txt Nov 1, 2017 House Oversight Committee — Epstein Estate Records (Nov 2025)

…esident Draghi announced a reduction in monthly asset purchases starting in 2018, but promised a longer duration of QE. China completed its quinquennial leadership transition at the conclusion of the 19th Party Congress, which should usher in a new era with more focus on the qual...

Exhibit 34: US GDP per Hour Worked
document IMAGES-003-HOUSE_OVERSIGHT_014573.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

… a recession created by an external shock is always a risk, the probability we place on a hard landing in Europe and/or China or a destabilizing increase in oil prices is not currently high enough to alter our base-case view. Indeed, even with the recent cut in oil production coo...

avuncular and black-haired. His interests are broad
document IMAGES-003-HOUSE_OVERSIGHT_015484.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…ng and reading history, and has authored books on conflict in the Middle East and the role of Christian missionaries in China. A lifetime in fuels chemistry left Fang with one burning question: “What is the real solution to the energy crisis?” His career at oil companies BP and...

higher-than-expected International investments. The biggest downside risk is lower
document IMAGES-003-HOUSE_OVERSIGHT_014942.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…pected, 2) total subscriber growth is faster than expected, and 3) international expansion into new large markets (e.g. China). OnDeck Capital (ONDK) Our $6 price objective is based on 10x our 2018E EBITDA. This is below the internet ecommerce comparable group (11x) which is ju...

he was the most famous visitor in Hong Kong, his passage through passport control may have
document IMAGES-005-HOUSE_OVERSIGHT_020264.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…ge through passport control may have reflected the acquiescence of the Hong Kong authorities to the reported request of China to be rid of Snowden by June 23rd. All we know for certain is that Hong Kong airport police did not stop Snowden. He was allowed on the Aeroflot flight a...

Eye on the Market | October 22, 2012 J.P Morgan
document IMAGES-007-HOUSE_OVERSIGHT_024195.txt Oct 22, 2012 House Oversight Committee — Epstein Estate Records (Nov 2025)

…o the US (everything is relative). The point is not that reduced US crude imports will lower oil prices; countries like China with growing oil needs may offset that. What matters here are the economic and geopolitical benefits from (a) not having to design military and foreign po...

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document IMAGES-009-HOUSE_OVERSIGHT_028412.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…a","type":"font"}},"specVersion":"1.6","subtitle":"Friday’s talks to occur amid concerns on Capitol Hill about privacy, China business and allegations of bias against conservatives","textStyles":{"_anf-ts- 1":{"fontAttributes":{"weightLabel":"bolder"},"fontName":"ExchangeBold","i...

from large domestic pension funds and the recovery in the price of copper explain the
document IMAGES-003-HOUSE_OVERSIGHT_014771.txt Nov 16, 2016 House Oversight Committee — Epstein Estate Records (Nov 2025)

…et of the Chilean peso with the Australian dollar. The Australian dollar is also highly correlated with commodities and China. We are bearish the AUD vs USD, as we expect the currency to weaken about 4% by end 1Q17. Bank of America Global Rates, FX & EM 2017 Year Ahead | 16 Nove...

Ralf Preusser, CFA Herve Belmas
document IMAGES-003-HOUSE_OVERSIGHT_014758.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…lls are attractive in our view. A stronger USD adds pressure to depreciate, while the risks of trade tariffs, labelling China a currency manipulator, etc could lead to a sharp re-pricing or risk premia higher. Highest conviction in FX, belly of the US curve and CNH We view Dona...

priceline.com (PCLN)
document IMAGES-003-HOUSE_OVERSIGHT_014943.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…eline’s leadership position in the global online travel sector, track record of EPS upside, and increased access to the China market via the Ctrip investment. Risks to our PO are 1) a global economic downturn, especially macro-weakness in Europe, leading to fewer travel bookings...