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Epstein File EFTA01388571: Asset (DS10)

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This document contains financial data and charts sourced from Bloomberg Finance LP and Deutsche Asset Management Investment GmbH as of March 2016. It includes analysis of quantitative easing (QE) and its potential impact on inflation, economic activity, and asset prices across economic cycles.

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3,000 3 1,500 4 2,000 4 1,000 5 1,000 § 500 6 o to 2006 2008 2010 2012 2014 2016 2006 2008 2010 2012 2014 2016 Sources: Bloomberg Finance LP., Deutsche **Asset**
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Management Investment GmbH: Sources: Bloomberg Finance LP., Deutsche **Asset** Management investment GmbH, as of 03/2016 as of 03/2016 For such a widely used
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It remains unclear, however, how QE will impact inflation, economic activity and **asset** prices across the economic cycle.

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