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💨IMPACT LEVEL 1 — MEH

Epstein File EFTA01451185: First Time and Offshore (DS10)

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This document is a financial analysis or economic report discussing Deutsche Bank liquidity, cross-currency basis movements, and European offshore investment trends. The excerpt references economic data from 2008 and discusses investment cycles but contains no information about Epstein, specific individuals, or criminal activity.

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Excerpt 1
liquidity withdrawal, but Source Deutsche Bank, Consensus economics 1-yr ahead expectations as the cross-currency basis also moved back to flat for the **first**
Excerpt 2
**time** since 2008 (chart 1).
Excerpt 3
On the outflows side, 20 European **offshore** investment remains very pro-cyclical, -400 25 so an improving cycle should lead to a pick-up in Euro- -500 30

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