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Exhibit 48: S&P 500 Price-to-Trend Earnings vs
document IMAGES-003-HOUSE_OVERSIGHT_014584.txt Dec 31, 2016 House Oversight Committee — Epstein Estate Records (Nov 2025)

… historical standards, second in length only to the almost 10- year period that preceded the technology bubble in 2000. Moreover, valuations now stand in their 10th decile, indicating they have been cheaper at least 90% of the time historically. In the past, starting from such a...

Good God! Anything is better than just giving it to Hilary and her
document IMAGES-011-HOUSE_OVERSIGHT_031142.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…ferson wrote, already in 1810 or so, that he had failed to set up a free country as he envisioned... and that was still more than 100 years before the Federal Reserve Act. On the other hand, even today, I strongly believe that if we just followed the Constitution, we would be o...

the democrats — the Islamists could try to pressure the government —
document IMAGES-010-HOUSE_OVERSIGHT_030173.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…ral relations with the United States. Such a dynamic would inadvertently put pressure on post-revolutionary Egypt to be more assertive in its ties with Israel and the West. The Gushing Wound of Palestine The Palestinian question has been at the heart of the Arab political disco...

Almost no one in Israel knew what we had done. But the next morning, a
document IMAGES-001-HOUSE_OVERSIGHT_011543.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…coration, in recognition of “a mission which contributed to the security of the state of Israel.” My own feelings were more mixed. I was proud of what I, and my team, had accomplished. On a personal level, too, I felt I'd reached an important landmark on my unlikely journey from...

The group had a chance to visit with
document IMAGES-010-HOUSE_OVERSIGHT_028714.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…ly rent-seeking inner circle. He's a trim middle-aged man, smartly- dressed, friendly and approachable. There seemed no more appropriate a place to talk to him one-on-one than on a wide terrace overlooking the construction site, with HOUSE_OVERSIGHT_028714

Libya: Is there any hope for peace or will it become a
document IMAGES-009-HOUSE_OVERSIGHT_026812.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…bility and continuous violence. - It has also led to severe cuts in oil production and loss of significant revenue. - More importantly, Gaddafi’s massive weapons stocks have directly flowed to Boko Haram in Nigeria, terrorist groups in Mali and to arm other movements in Tunisia...

Whether the stories were true wouldn’t matter. They would still make the real
document IMAGES-009-HOUSE_OVERSIGHT_028181.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

… / 47 Whether the stories were true wouldn’t matter. They would still make the real bargaining necessary for peace far more difficult, perhaps even impossible. I also had doubts whether Assad was ready for real peace: embassies, open borders, personal contact between Syrians an...

NewsdeskW | RT @nytimesworld: Brexit in 4 charts: a generational 23 Jun 2016, 2 | negative
document IMAGES-001-HOUSE_OVERSIGHT_011225.txt Jun 23, 2016 House Oversight Committee — Epstein Estate Records (Nov 2025)

NewsdeskW | RT @nytimesworld: Brexit in 4 charts: a generational 23 Jun 2016, 2 | negative ORLD divide that's about more than age 11:48 - CEST https://t.co/YtDQcE895H Nigel450 RT @Independent: Leave supporters are very 23 Jun 2016, | Midland 74 | positive suspicious about the pen...

issue if it were raised during negotiations. As I stated, it was not, leading me to believe that it
document IMAGES-002-HOUSE_OVERSIGHT_012580.txt Dec 13, 2007 House Oversight Committee — Epstein Estate Records (Nov 2025)

…rn to the defense. Since the signing of the Non-Prosecution Agreement, the agents and I have vetted the list of victims more than once. In one instance, we decided to remove a name because, although the minor victim was touched inappropriately by Mr. Epstein, we decided that the...

zainaconda_ | Brexit referendum today. if Boris Johnson's (UK's 23 Jun 2016, | ...far 0 | positive
document IMAGES-001-HOUSE_OVERSIGHT_011231.txt Jun 23, 2016 House Oversight Committee — Epstein Estate Records (Nov 2025)

…Jenkins | | wonder if #IDS was carrying out a cunning plan when | 23 Jun 2016, 0 | positive he left the DWP? Hoping for more power if Brexit 13:13 - CEST won? WorldGarde | RT @WorldGardeners: Together we can make Britain 23 Jun 2016, | United 2 | positive ners ‘Great' again by #V...

wasn’t enough, David Levy, my Foreign Minister, told me he would not be joining
document IMAGES-009-HOUSE_OVERSIGHT_028195.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

… sides lost. Arik fell seven votes short of a majority. So the government survived. But those opposed to the summit got more votes than we did: 54 to 52. There were several consolations as I prepared to fly out from Ben-Gurion airport. Shas leader Eli Yishai passed me an envelop...

From: Boris Nikolic iy
email IMAGES-008-HOUSE_OVERSIGHT_025946.txt Jul 10, 2016 House Oversight Committee — Epstein Estate Records (Nov 2025)

…of black. It is not a gold pain but a gold leafing. It took them 2 months to do it. What | do not like that it came out more as a Trump gold that an old gold. B From: [email protected] Date: Sun, 10 Jul 2016 21:06:27 -0400 Subject: Re: To and maybe have the large colums b...

8.5 The Cognitive Schematic 151
document IMAGES-002-HOUSE_OVERSIGHT_013067.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…s regarding the remaining variables, and directed by the goal of maximizing the probability of the cognitive schematic More specifically, where synthesis is concerned, some key examples are: e The MOSES probabilistic evolutionary program learning algorithm is applied to find P,...

transition might have been almost inevitable given the ‘right’ environment. We just
document IMAGES-009-HOUSE_OVERSIGHT_026741.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…ial life is the only possibility, or just one chemical basis among many options that could be realized elsewhere LIFE Moreover, even if simple life is widespread, we can't assess the odds that it evolves into a complex biosphere. And, even it did, it might anyway be unrecogniza...