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Extraction Summary

1
People
6
Organizations
1
Locations
3
Events
1
Relationships
2
Quotes

Document Information

Type: Presentation slides / economic report
File Size: 1.47 MB
Summary

This document contains two presentation slides produced by the venture capital firm KPCB (Kleiner Perkins Caufield & Byers) titled 'USA Inc. | Income Statement Drilldown.' The slides analyze the root causes of the US Real Estate Bubble, presenting data from 1965 to 2010 regarding home ownership rates, interest rates, and home price indexes. While the document bears a 'HOUSE_OVERSIGHT' Bates stamp, indicating it is part of a congressional document production, the visible text contains no direct references to Jeffrey Epstein, his associates, or his specific financial activities; it appears to be general macroeconomic analysis likely included in a larger subpoenaed dataset.

People (1)

Name Role Context
Robert Shiller Source / Economist
Cited as the source for Real home prices & building costs data.

Organizations (6)

Name Type Context
KPCB
Kleiner Perkins Caufield & Byers (Logo present on slides)
HUD
Dept. of Housing & Urban Development, noted for promoting home ownership in 1993.
Federal Reserve
Source for interest rate data.
DOC Bureau of Economic Analysis
Source for economic data.
Yale University
Affiliation of source Robert Shiller.
House Oversight Committee
Implied by the Bates stamp 'HOUSE_OVERSIGHT'.

Timeline (3 events)

2007
End of 10-year period where home prices rose dramatically.
USA
View
January 1993
HUD began promoting broader home ownership.
USA
HUD
June 2004
US home ownership reached 73MM.
USA

Locations (1)

Location Context
USA
Subject of the economic data (USA Inc., US Home Ownership).

Relationships (1)

Robert Shiller → Professional Affiliation → Yale University
Source cited as 'Robert Shiller, Yale University'

Key Quotes (2)

"Real Estate Bubble: Root Causes—Government Home Ownership Push + Declining Interest & Savings Rates + Aggressive Borrowing and Lending Led to 10+ Years of Rising Home Ownership"
Source
HOUSE_OVERSIGHT_020933.jpg
Quote #1
"Home Prices Rose Dramatically (7% Annually) for 10 Years – Up ~2x Over 10-Year Period Ending 2007"
Source
HOUSE_OVERSIGHT_020933.jpg
Quote #2

Full Extracted Text

Complete text extracted from the document (1,559 characters)

Real Estate Bubble: Root Causes—Government Home Ownership Push + Declining Interest & Savings Rates + Aggressive Borrowing and Lending Led to 10+ Years of Rising Home Ownership
USA Home Ownership Rates vs. Interest Rates vs. Personal Savings Rates, 1965 - 2010
[Chart Y-Axis Left: U.S. Home Ownership Rate (58% - 70%)]
[Chart Y-Axis Right: U.S. Interest Rate & Personal Savings Rate (0% - 20%)]
[Chart X-Axis: Years 1965 - 2010]
Callout: January 1993: HUD began promoting broader home ownership. US home ownership = 62MM
Callout: June 2004: US home ownership = 73MM
Legend:
— U.S. Home Ownership Rate
— U.S. Interest Rate
--- U.S. Home Ownership Rate 30-year (1965-1995) Trendline
— U.S. Personal Savings Rate
Note: HUD is Dept. of Housing & Urban Development. Interest rate is the overnight federal funds rate. Data as of CQ1:10. Savings rate is amount of saving divided by income after taxes.
Data source: Federal Reserve, DOC Bureau of Economic Analysis.
KP
CB www.kpcb.com
USA Inc. | Income Statement Drilldown 183
Real Estate Bubble: Home Prices Rose Dramatically (7% Annually) for 10 Years – Up ~2x Over 10-Year Period Ending 2007
USA Real Home Price & Building Cost Indexes, % Change 1965 – 2008
[Chart Y-Axis: % Change from 1965 Level (-20% - 80%)]
[Chart X-Axis: Years 1965 - 2007]
Legend:
— USA Real Home Price Index
— USA Real Building Cost Index
Note: Real home prices & building costs are inflation-adjusted. Source: Robert Shiller, Yale University.
KP
CB www.kpcb.com
USA Inc. | Income Statement Drilldown 184
HOUSE_OVERSIGHT_020933
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