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https://nyti.ms/2D6krmw
document TEXT-001-HOUSE_OVERSIGHT_029452.txt Mar 7, 2018 House Oversight Committee — Epstein Estate Records (Nov 2025)

…l, 50, is at the center of nearly every issue that roils Silicon Valley, ranging from the tech elite’s fascination with New Zealand hideaways (Mr. Thiel obtained New Zealand citizenship) to Bitcoin (he is a major investor) to the problems of herd thinking (he is moving from San F...

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

Exhibit 34: US GDP per Hour Worked We expect a rebound in productivity growth from generational lows. % YoY 1971 1975 1979 1983 1987 1991 1995 1999 2003 2007 2011 2015 Data through 2015. Source: Investment Strategy Group, OECD. Exhibit 35: Goldman Sachs US Current Activity In...

Notes from Aspen Strategy Group
document IMAGES-008-HOUSE_OVERSIGHT_025797.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

Notes from Aspen Strategy Group US Policy on Arab Revolutions TJP summary: Plenty of different opinions on what was done right and wrong. No consensus. Indyk: syria will spill into Bahrain and KSA (Saudi). We should have moved earlier. KSA is a BFD. Feaver (ex Bush): BO's obs...

Exhibit 100: Average Annual Gold Prices
document IMAGES-003-HOUSE_OVERSIGHT_014610.txt Dec 31, 2016 House Oversight Committee — Epstein Estate Records (Nov 2025)

Exhibit 100: Average Annual Gold Prices Gold remains expensive relative to its inflation-adjusted long-term average price. 2016 US $/Ounce 2,000 Annual Average Price Long-Term Average 1,788 se Post Bretton Woods Average ae 1,600 1,200 12/31/16 800 5 7 7 7 822 ‘ ™~ 0 1871 1...

Outlook | Investment Strategy Group 37
document IMAGES-003-HOUSE_OVERSIGHT_014570.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

Outlook | Investment Strategy Group 37 HOUSE_OVERSIGHT_014570

Last year witnessed a growing repudiation of
document IMAGES-003-HOUSE_OVERSIGHT_014571.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

Last year witnessed a growing repudiation of this status quo, evident in the surprise outcome of the UK and Italian referenda, as well as US presidential election. As we begin 2017, these winds of change are gaining force. Central banks are acknowledging the often counterproducti...

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)

Exhibit 85: Moody’s Liquidity Stress Index and Default Rates Leading indicators suggest the path of defaults for high yield is lower. Index (%) 25 Trailing 12-Month Rate (%) r 16 Composite Liquidity Stress Index SSS Speculative-Grade Issuer-Weighted Default Rate (Right) a Ua...

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...