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growth rate = capital productivity + thrift rate. (4.4b)
document IMAGES-001-HOUSE_OVERSIGHT_011004.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

growth rate = capital productivity + thrift rate. (4.4b) Notice that we must change the sign before “consumption rate” to find thrift. Change downward in consumption rate is change upward in thrift rate, and conversely. Further change in growth rate = change in capital product...

Emerging market equities
document IMAGES-007-HOUSE_OVERSIGHT_024154.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

Emerging market equities MSCI EM (27 June): 913 (last month: 907) UBS View MSCI EM 6-month target: 1,000 ¢ Currency weakness hurt emerging market (EM) equity performance in US-dollar terms year-to-date. We expect EM FX to appreciate against the USD from current levels over a six...

Volatility in Numbers (16-Jun-17)
document IMAGES-003-HOUSE_OVERSIGHT_014997.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

Volatility in Numbers (16-Jun-17) Table 11: Statistics on implied, realised, skew and term structure for 3-month and 12-month vols (developed markets) 3-month {2-month S&P500 ESTX50 FTSE DAX NKY HSI KOSPI S&P500 ESTX50 FTSE DAX NKY HSI KOSPI Implied 9.8% 13.4% 10.0% 12.6% 13.8...

Nobelist Franco Modigliani heard of this, and invited me to MIT for a presentation
document IMAGES-001-HOUSE_OVERSIGHT_010938.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

Nobelist Franco Modigliani heard of this, and invited me to MIT for a presentation. He talked like Gepetto in Disney’s “Pinocchio”. There were a few other top brains, including Ruddiger Dornbusch and2Julio Rotemburg, in the small classroom where | spoke. Sometimes Modigliani inte...

stock index, and there was $1.1 trillion bet on Russell U.S
document IMAGES-007-HOUSE_OVERSIGHT_023565.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

stock index, and there was $1.1 trillion bet on Russell U.S. indexes overall, according to the company. The bigger universe of investors would likely boost the trading multiples of the firms’ stocks. It’s unclear how big the economic benefit of increased ownership would be, so t...

For research purposes, loneliness
document IMAGES-006-HOUSE_OVERSIGHT_021288.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

For research purposes, loneliness is typically measured on a continuum that ranges from not at all lonely (.e., socially connected) to very lonely. It is informative, however, to get a sense of the prevalence of loneliness when assessed as present or absent. Loneliness is a commo...

Re: Saudi money
email TEXT-001-HOUSE_OVERSIGHT_031631.txt Oct 19, 2016 House Oversight Committee — Epstein Estate Records (Nov 2025)

From: jeffrey E. [[email protected]] Sent: 10/19/2016 3:02:57 PM To: Thomas Jr., Landon Subject: Re: Saudi money Importance: High http s ://www.the guardian. com/us-news/2016/jul/07/donald-trump-s exual-ass ault-lawsuits-norm-lub ow On Wed, Oct 19, 2016 at 10:28 AM, Thomas Jr...

From: Thomas Jr., Landon
email TEXT-002-HOUSE_OVERSIGHT_032355.txt Nov 10, 2016 House Oversight Committee — Epstein Estate Records (Nov 2025)

From: Thomas Jr., Landon Sent: 11/10/2016 10:19:17 PM To: jeffrey E. [[email protected]] Subject: Re: Importance: High 212 556 3821 On Thu, Nov 10, 2016 at 5:11 PM, jeffrey E. <[email protected]> wrote: number? On Thu, Nov 10, 2016 at 11:10 PM, Thomas Jr., Landon 1111.1.w...

Volatility in Numbers (02-Jun-17)
document IMAGES-007-HOUSE_OVERSIGHT_023602.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

Volatility in Numbers (02-Jun-17) Table 8: Statistics on implied, realised, skew and term structure for 3-month and 12-month vols (developed markets) 3-month {2-month S&P500 ESTX50 FTSE DAX NKY HSI KOSPI S&P500 ESTX50 FTSE DAX NKY HSI KOSPI Implied 9.5% 13.0% 10.6% 12.2% 14.2%...

In December 2016, we entered into a lease agreement with Verde Investments Inc. (“Verde”), an affili
document IMAGES-007-HOUSE_OVERSIGHT_024353.txt Jan 1, 2018 House Oversight Committee — Epstein Estate Records (Nov 2025)

Table of Contents TOLLESON, AZ INSPECTION AND RECONDITIONING CENTER LEASE In December 2016, we entered into a lease agreement with Verde Investments Inc. (“Verde”), an affiliate of DriveTime, for an IRC in Tolleson, Arizona. The lease commenced in February, 2017. In August 2018...

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...