Epstein Files Search

EFTA00602233Set 9

2015-03-0913p6,812w

Global Foreign Exchange Special Report Date FX Spot 9 March 2015 George Saravelos Strategist Euroglut here to stay: trillions of outflows to go Robin Winkler • Last year we introduced ... Euroglut concept: the idea that the Euro-area's Strategist huge current account surplus reflects a very large pool of excess savings that will have a major impact on global ... LOCATED IN APPENDIX 1. MCI (P) 148/04/2014. EFTA00602233 9 March 2015 Special Report: Euroglut here to slay: trillions of outflows to go Introduction In a series of papers last year

https://www.justice.gov/epstein/files/DataSet%209/EFTA00602233.pdf

EFTA01196834Set 9

2015-03-0913p6,749w

Global Foreign Exchange Special Report Date FX Spot 9 March 2015 George Saravelos Strategist Euroglut here to stay: trillions of outflows to go Robin Winkler • Last year we introduced ... Euroglut concept: the idea that the Euro-area's strategist huge current account surplus reflects a very large pool of excess savings that will have a major impact on global ... LOCATED IN APPENDIX 1. MCI (P) 148/04/2014. EFTA01196834 9 March 2015 Special Report: Euroglut here to slay: trillions of outflows to go Introduction In a series of papers last year

https://www.justice.gov/epstein/files/DataSet%209/EFTA01196834.pdf

EFTA01196831Set 9

2015-03-103p952w

next year and 85 cents in 2017. The rationale is a continuation of the Euroglut theme we have been talking about over the last few months: record European outflows ... Saravelosrdb<dbcom on 1W03/2015 15:22 -- From: George Saravetoskibicbcom To: Date: 10/031201513:47 Subject. ---Euroglut here to slay. trillions of European OUIROWE logo EFTA01196831 Deutsche Bank Markets Research Global Foreign ... Exchange Special Report Date FX Spot 9 March 2015 Last year we introduced the Euroglut concept: the idea that the Euro-area's huge current account surplus reflects a very

https://www.justice.gov/epstein/files/DataSet%209/EFTA01196831.pdf

EFTA01459034Set 10

2015-12-011p574w

Economics Special Report Dote foreign Exchange 1 December 2015 FX Spot ritientic Sannil,‘ Strategist Euroglut a year on: alive and kicking, (.44)20 75479118 geoigesaravelos@db.com EUR/USD to break parity Strategist ... Back in October 2014 we introduced our "Euroglut" hypothesis. We predicted (.44) 20 764-71841 a wave of European capital outflows to the rest of the world that would keep ... report, we take the opportunity to review the evidence so far. We show that "Euroglut" is no longer a hypothesis but a reality: the Eurozone has experienced a historically unprecedented

https://www.justice.gov/epstein/files/DataSet%2010/EFTA01459034.pdf

EFTA01461079Set 10

2015-03-091p511w

March 2015 Special Report: Euroglut here to stay: trillions of outflows to go current account shows that despite two decades of large surpluses. Finland never turned into a mature credit ... larger NIIP, similar to Japan, Norway, or Switzerland. Conclusion Since we first introduced our Euroglut thesis last September the European current account surplus has reached a new record high, while ... additional outflows from Europe over the next few years. The investment implications of our Euroglut thesis therefore remain intact. First, we continue to expect broad-based euro weakness. European outflows

https://www.justice.gov/epstein/files/DataSet%2010/EFTA01461079.pdf

EFTA01461070Set 10

2015-03-091p423w

Foreign Exchange Special Report Dale FX 9 March 2015 Last year we introduced the Euroglut concept: the idea that the Euro-area's huge current account surplus reflects a very ... rise from -10% of GDP to at least 30%. As such, we estimate that Euroglut requires net European capital outflows of at least 4 trillion euros. This conclusion leads ... Canada. These flows should keep global yield curves low and flat. Finally, we see Euroglut as continuing to constrain monetary policy across the European continent for the foreseeable future. Since

https://www.justice.gov/epstein/files/DataSet%2010/EFTA01461070.pdf

EFTA01461077Set 10

2015-03-091p491w

March 2015 Special Report: Euroglut here to stay: trillions of outflows to go Figure 11: Pace of outflows determines how long j Figure 12. NIIP will not stabilize for years ... Europe's economy ex ante even if participants fully understood the massive implications of Euroglut. Ultimately, portfolio outflows are likely to exceed the euro area's current account surplus even ... monetary policy. South Korean outflows over the past six months certainly mirror and anticipate Euroglut. That said, structural breaks in monetary policy rarely turn perennial debtors into creditor economies overnight

https://www.justice.gov/epstein/files/DataSet%2010/EFTA01461077.pdf

EFTA01459711Set 10

2016-01-121p564w

dominate the action but the euro is now the "risk off" currency (financial account • "Euroglut" outflows into the US and EMFX reverse as risk appetite sours and carry trades squeeze ... strategy team has written extensively about 2038 Ace zoio 2011 wiz 2013 2014 2015 "Euroglut" outflows into the U.S. and emerging Totter AnneAs Sr* Ittembevg Mom LP markets

https://www.justice.gov/epstein/files/DataSet%2010/EFTA01459711.pdf

EFTA01461072Set 10

2015-03-091p454w

Exchan(j c7 Special Report Date FX Spot 9 March 2015 George lla.elekiS Shateglei Euroglut here to stay: trillions of outflows to go Robin Winkler • Last year we introduced ... Euroglut concept: the idea that the Euro-area's Strategist huge current account surplus reflects a very large pool of excess savings that will have a major impact on global

https://www.justice.gov/epstein/files/DataSet%2010/EFTA01461072.pdf

EFTA01459035Set 10

2015-12-011p396w

December 2015 Special Report: Euroglut a year on: alive and kicking, EUWUSD to break parity even clearer how pivotal fixed income outflows have been for the Eurozone's basic balance ... FiviTY IF Sasee 0evklu'aink. litittwergnu, 00 LP A recent criticism of the Euroglut thesis is that foreign divestitures now account for a greater share of net bond outflows than

https://www.justice.gov/epstein/files/DataSet%2010/EFTA01459035.pdf

EFTA01461078Set 10

2015-03-091p495w

March 2015 Special Report. Euroglut here to stay. trillions of outflows to go [Figure 13 Korea's NIIP accelerated by Japan czation of BoK Figure 14. Debt reduction driven ... Ootemil• 8- .Iles The Korean case therefore illustrates two of our fundamental predictions regarding Euroglut: QE will accelerate it powerfully, but it will still take the rest of the decade

https://www.justice.gov/epstein/files/DataSet%2010/EFTA01461078.pdf

EFTA01458948Set 10

2015-12-101p415w

Special Report — FX Strategists George Saravelos and Robin Winkler show that their "Euroglut" hypothesis, first introduced in October 2014, is now a reality; the Eurozone has experienced an unprecedented shift

https://www.justice.gov/epstein/files/DataSet%2010/EFTA01458948.pdf

EFTA01475953Set 10

2015-12-103p425w

Special Report — FX Strategists George Saravelos and Robin Winkler show that their "Euroglut" hypothesis, first introduced in October 2014, is now a reality; the Eurozone has experienced an unprecedented shift

https://www.justice.gov/epstein/files/DataSet%2010/EFTA01475953.pdf

EFTA01459038Set 10

2015-12-011p732w

December 2015 Special Report: Euroglut a year on: alive and kicking, EURIUSD to break parity to or inspired by the contents of this publication. The risk of loss in futures

https://www.justice.gov/epstein/files/DataSet%2010/EFTA01459038.pdf

EFTA02093088Set 10

2014-10-098p1,968w

Lord Bell's textbook for old school public relations FT • German weakness brings 'euroglut' of gloom FT • Sea, sun and easy visas lure China buyers FT EFTA_R1_00693073 EFTA02093092

https://www.justice.gov/epstein/files/DataSet%2010/EFTA02093088.pdf

EFTA01461076Set 10

2015-03-091p590w

March 2015 Special Report Euroglut here to stay. trillions of outflows to go the NIIP is given by the ratio between the persistent current account level and the steady-state

https://www.justice.gov/epstein/files/DataSet%2010/EFTA01461076.pdf

EFTA01461074Set 10

2015-03-091p545w

March 2015 Special Report Euroglut here to stay. trillions of outflows to go Metamorphosis into global lender far from completed At present, the euro area owes the world roughly

https://www.justice.gov/epstein/files/DataSet%2010/EFTA01461074.pdf

EFTA01459596Set 10

2016-01-121p548w

likely Net Europese. to continue, a phenomenon we have previously termed 20 po • *flows Euroglut. Interestingly, the composition of portfolio 10 flows between different investors has undergone a significant transformation

https://www.justice.gov/epstein/files/DataSet%2010/EFTA01459596.pdf

EFTA01459037Set 10

2015-12-011p832w

December 2015 Special Report: Euroglut a year on: alive and kicking, EUWUSD to break parity Additional Information The information and opinions in this report were prepared by Deutsche Bank

https://www.justice.gov/epstein/files/DataSet%2010/EFTA01459037.pdf

EFTA01461081Set 10

2015-03-091p252w

March 2015 Special Report Euroglut here to stay. trillions of outflows to go inflation, fiscal funding needs, and FX depreciation rates are among the most common adverse macroeconomic shocks

https://www.justice.gov/epstein/files/DataSet%2010/EFTA01461081.pdf