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Microsoft Word - 08-04-11 - EOTM - Market update.docx
need for more policy tightening; and the mixed track record of low interest rates to sustainability solve structural problems. The cover of the 2011 Outlook (a printing press, out of control) expressed our concern regarding a recovery built upon a stimulus machine. I would contrast this with the cover of
Page: HOUSE_OVERSIGHT_025229 →re eventually shut down after the ECB (for now) rejected being the buyer of last resort for Italian government bonds, as the markets were hoping. The Bundesbank apparently has objections to the idea. This is a problem: Italy has issued around as much public debt as Germany, but is a considerably smaller count
Page: HOUSE_OVERSIGHT_025229 →On today's financial market developments
re eventually shut down after the ECB (for now) rejected being the buyer of last resort for Italian government bonds, as the markets were hoping. The Bundesbank apparently has objections to the idea. This is a problem: Italy has issued around as much public debt as Germany, but is a considerably smaller count
Page: HOUSE_OVERSIGHT_025226 →need for more policy tightening; and the mixed track record of low interest rates to sustainability solve structural problems. The cover of the 2011 Outlook (a printing press, out of control) expressed our concern regarding a recovery built upon a stimulus machine. I would contrast this with the cover of
Page: HOUSE_OVERSIGHT_025227 →On today's financial market developments
re eventually shut down after the ECB (for now) rejected being the buyer of last resort for Italian government bonds, as the markets were hoping. The Bundesbank apparently has objections to the idea. This is a problem: Italy has issued around as much public debt as Germany, but is a considerably smaller count
Page: HOUSE_OVERSIGHT_031156 →need for more policy tightening; and the mixed track record of low interest rates to sustainability solve structural problems. The cover of the 2011 Outlook (a printing press, out of control) expressed our concern regarding a recovery built upon a stimulus machine. I would contrast this with the cover of
Page: HOUSE_OVERSIGHT_031157 →Entities connected to both Outlook and Bundesbank

Jeffrey Epstein
PERSONMichael Cembalest
PERSON
Marc Rich
PERSON
JPMorgan Chase
ORGANIZATION
Bill Clinton
PERSON
United States
LOCATION
Angela Merkel
PERSON
Bloomberg L.P.
ORGANIZATIONthe European Monetary Union
ORGANIZATION
Barack Obama
PERSONJ.P. Morgan Securities LLC
ORGANIZATION
George W. Bush
PERSON
John F. Kennedy
PERSON
Lesley Groff
PERSONMartin Weinberg
PERSON
Moody’s
ORGANIZATION
Oliver Stone
PERSON
Bridgewater Associates
ORGANIZATION
Cynthia Nixon
PERSON
Don Quixote
PERSON