<table><tr><th>From:</th><th>jeffrey E. &lt;jeevacation@gmail.com&gt;</th></tr><tr><td>Sent:</td><td>Thursday, January 8, 2015 12:03 AM</td></tr><tr><td>To:</td><td>Peter Thiel</td></tr><tr><td>Subject:</td><td>Re: zero interst rates are too high</td></tr></table>

euro at parity, bitcoin trading like oil. 40=A0 latin america on its way to the toilet. great opportunity,=C2. braziletc.

On Wed, Jan 7, 2015 at 7:25 PM, Peter Thiel > wrote:

And in US and UK as well. C=ntral banks are really tight in those two places, though everyone thinks t=ey are super-dovish...

From: jeffrey E. [mailto:jeevacation@gmail.co=J Sent: Wednesday, January 07, 2015 2:23 AM To: P=ter Thiel Subject: zero interst rates are too high=/span>

http://www.nytimes.com/2015/01/08/business/international/europe-economy-deflation.html?hp&action=click&pgtype=Home=age&module=first-column-region&region=top-news&WT.nav=to=-news <http://www.nytimes.com/2015/01/08/business/international/europe-economy-deflation.html?hp&action=click&pgtype=Homepa=e&module=first-column-region&region=top-news&WT.nav=top-ews>

please note=/u>

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Unauthorized use, disclosure or copyi=g of this communication or any part thereof is strictly prohibited a=d may be unlawful. If you have received this communication in error, pl=ase notify us immediately by return e-mail or by e-mail to jeevacation@gmail.com, a=d destroy this communication and all copies thereof, including all a=tachments. copyright -all rights reserved

=A0

please note

The information contained in this commu=ication is confidential, may be attorney-client privileged, may cons=itute inside information, and is intended only for the use of the addre=see. It is the property of JEE

Unauthorized use, disclosure or copyi=g of this communication or any part thereof is strictly prohibited a=d may be unlawful. If you have received this communication in error, phase notify us immediately by return e-mail or by e-mail to jeevacation@gmail.com, a=d destroy this communication and all copies thereof, including all a=tachments. copyright -all rights reserved