Epstein File EFTA01384478: Asset (DS10)

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Epstein File EFTA01384478: Asset (DS10)

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This document is a financial analysis report dated September 18, 2017, titled 'Long-Term Asset Return Study: The Next Financial Crisis / Stretched Asset Prices succumbing to Gravity.' The report discusses elevated global asset prices and references previous annual studies highlighting historically elevated aggregate asset valuations.

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asset

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18 September 2017 Long-Term **Asset** Return Study: The Next Financial Crisis / Stretched **Asset** Prices succumbing to Gravity In the last couple of annual long-term

Excerpt 2

studies we have highlighted that we're in a period of very elevated global **asset** prices - possibly the most elevated in aggregate through history.