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Rising Debt Periodic Large
document IMAGES-006-HOUSE_OVERSIGHT_020922.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…s. TARP is Troubled Asset Relief Program; ARRA KP is American Recovery & Reinvestment Act programs. (@)E) www.kpcb.com USA Inc. | Income Statement Drilldown 161 Effective Interest Rates: While USA Debt Has Risen Steadily Since 1981, Rates Have Fallen Steadily, so the Cost of De...

e Total government spending on healthcare (including Medicare, Medicaid and
document IMAGES-006-HOUSE_OVERSIGHT_020895.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…ey tend to consume more of it — it’s basic supply and demand economics. e This approach faces increasing challenges as USA, Inc. has gone deeper and deeper in debt to pay for it... Note: *Adjusted for inflation, in 2005 dollars. Nominal amount would be $972 out-of-pocket health...

USA Inc. — Outline
document IMAGES-006-HOUSE_OVERSIGHT_020842.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

A —=} USA Inc. February 2011 USA Inc. — Outline Introduction High-Level Thoughts on Income Statement/Balance Sheet Income Statement Drilldown What Might a Turnaround Expert — Empowered to Improve USA Inc.’s Financials — Consider? Consequences of Inaction Summary Appendix...

Debt Composition: Average Debt Maturity Declining Since 2000, Combined
document IMAGES-006-HOUSE_OVERSIGHT_020926.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…Maturity Declining Since 2000, Combined With Declining Interest Rate, Leading to “Artificially Low” Interest Payments USA Inc. Debt Maturity vs. Short-Term Interest Rate, 1980 — 2010 ee 20% a iy! Average Treasury Securities Maturity ro fo] 2 1 ih! =— = Short-Term Interest Rate...

Debt Composition: Foreign Investors & Governments
document IMAGES-006-HOUSE_OVERSIGHT_020927.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

Debt Composition: Foreign Investors & Governments Hold ~46% of USA Inc. Public Debt 1989 Total Public Debt 2010 Total Public Debt Outstanding Outstanding $2 Trillion $9 Trillion u Foreign Investors & Government = Federal Reserve = Mutual Funds a State & Local Governments =...

Effective Interest Rates: But Cost of Debt Unlikely to Continue to Decline
document IMAGES-006-HOUSE_OVERSIGHT_020924.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

Effective Interest Rates: But Cost of Debt Unlikely to Continue to Decline For Extended Period If Economy Improves USA Federal Debt Weighted Average Yields, 1980 — 2010 30-Year Average Yield Weighted Average Treasury Yields (%) 0% . T T T T T T T T T T 1980 1983 1986 1989 19...

chinadaily.com.cn/opinion
document TEXT-001-HOUSE_OVERSIGHT_025115.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…daily.com.cn Advertisement: +86 (0) 10 6491-8631; [email protected] Phone app: chinadaily.com.cn/iphone China Daily USA 1500 Broadway, Suite 2800, New York, NY 10036 +1 212 537 8888 editor@chinadailyusa.com China Daily Asia Pacific China Daily Hong Kong Room 1818, Hing Wai Ce...

chinadaily.com.cn/opinion
document IMAGES-008-HOUSE_OVERSIGHT_025115.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…y.com.cn Advertisement: +86 (0) 10 6491-8631; [email protected] Phone app: chinadaily.com.cn/iphone China Daily USA 1500 Broadway, Suite 2800, New York, NY 10036 +1 212 537 8888 editor@chinadailyusa.com China Daily Asia Pacific China Daily Hong Kong Room 1818, Hing...

European Equity Strategy
document TEXT-001-HOUSE_OVERSIGHT_014460.txt Dec 1, 2016 House Oversight Committee — Epstein Estate Records (Nov 2025)

…PS growth and ROE. Trailing ROE for MSCI Europe is just 8% (at historical trough levels). That is nearly 5pp below MSCI USA compared to a 3pp gap on average historically and close to the widest spreads since the mid-1990s. Europe vs US relative PE 7% below average. Based on PE, E...

Forthcoming (August 2011) Future Science edited by Max Brockman, Vintage Press, New York
document TEXT-001-HOUSE_OVERSIGHT_023720.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

Forthcoming (August 2011) Future Science edited by Max Brockman, Vintage Press, New York. Is Shame Necessary? Jennifer Jacquet Jennifer Jacquet graduated with a master’s degree in environmental economics from Cornell University in 2004 and earned a PhD in 2009 from the Universit...

Fwd: Do a good deed today
email TEXT-001-HOUSE_OVERSIGHT_026659.txt Jan 24, 2017 House Oversight Committee — Epstein Estate Records (Nov 2025)

From: Sent: To: Subject: Fwd: Do a good deed today... Attachments: Don't make America sick again.docx Barbro Ehnbom 1/24/2017 9:56:23 PM Importance: High Easy enough! :-) -----Original Message----- From: To: BarIxo Ehnbom Sent: Tue, Jan 24, 2017 4:45 pm Subject: Fwd: Do a good de...

On today's financial market developments
email IMAGES-008-HOUSE_OVERSIGHT_025226.txt Aug 4, 2011 House Oversight Committee — Epstein Estate Records (Nov 2025)

From: US GIO [[email protected]] Sent: 8/4/2011 11:41:48 PM To: Undisclosed recipients: Subject: On today's financial market developments Attachments: 08-04-11 - EOTM - Market update.pdf This is a little unorthodox, but here is the text of an internal note that I just sent t...

On today's financial market developments
email TEXT-001-HOUSE_OVERSIGHT_031156.txt Aug 4, 2011 House Oversight Committee — Epstein Estate Records (Nov 2025)

From: [email protected] To: Undisclosed recipients:;; Subject: On today's financial market developments Sent: 8/4/2011 11:41:48 PM Attachments: 08-04-11 - EOTM - Market update.pdf This is a little unorthodox, but here is the text of an internal note that I just sent to our in...

On today's financial market developments
email IMAGES-011-HOUSE_OVERSIGHT_031156.txt Aug 4, 2011 House Oversight Committee — Epstein Estate Records (Nov 2025)

From: US GIO [[email protected]] Sent: 8/4/2011 11:41:48 PM To: Undisclosed recipients:; Subject: On today's financial market developments Attachments: 08-04-11 - EOTM - Market update.pdf This is a little unorthodox, but here is the text of an internal note that I just sent...

This is a little unorthodox, but here is the text of an internal note that I just sent to our integr
document TEXT-001-HOUSE_OVERSIGHT_025229.txt Aug 4, 2011 House Oversight Committee — Epstein Estate Records (Nov 2025)

August 4, 2011 Today This is a little unorthodox, but here is the text of an internal note that I just sent to our integrated Private Bank client coverage teams a few moments ago. Mary thought it would be a good idea to share this with our clients given the events of the day. “H...