High Frequency Economics, Ltd. (HFE)
Daily Fundamental economic research of the G-7 countries and the Euroland via email

• Established in 1988 to provide timely, comprehensive analyses of the global markets
• Independent research without bias towards markets, instruments or institutional affiliation
• Combines quantitative analysis with commentary on economic policy developments

• Targeted to decision makers in investment and trading
• Clients include banks, securities firms, fund managers and central banks

Daily and Weekly Notes on the Global Economy (Carl B. Weinberg)

• Analysis of statistical releases and policy developments in Canada, Japan, the United Kingdom, Germany, France, Euroland and Australia
• Weekly Notes include detailed country-by-country economic analysis, yield curve discussion and calendar of major upcoming market events
• Far East / European and North American editions

• Analysis of statistical releases and policy developments in the United States
• Periodic in-depth essays on the state of the U.S. economy and markets, including detailed long-term forecasts

• Instant analysis after key U.S. data releases

• HFE provides individual briefings according to each client's needs

• Several times each year, HFE economists host client-only global conference calls to discuss current economic issues relevant to the financial markets

The North American Edition of Global Notes is published each morning and delivered via the Internet by 8:00 a.m. Both the Far East/European Edition of Global Notes and U.S. Notes are prepared by 5:30 p.m. EST and delivered overnight in time for overseas trading. Weekly Notes is published over the weekend and transmitted on Sunday evening.

Available upon request.

Contact your CAPIS salesperson at 800.247.6729 or 214.720.0055, or contact High Frequency Economics:
Kimberly Borden
914.773.2121
kborden@hifreqecon.com
www.hifreqecon.com