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Eye on the Market, July 25, 2011
Debt limit to gov. receipts nd Source: OMB, BEA, J.P. Morgan Private Bank Over the last few days, the Gang of Six plan, th
that the EU lending facility would have to increase from 440 bn to 1.7 trillion Euros, mostly from Germany). Italy faces a multi-notch downgrade from Moody’s, which is not going to help. As we discussed two weeks ago, Italy has been a model citizen in terms of running low budget deficits for 20 years, but
Page: HOUSE_OVERSIGHT_025217 →Microsoft Word - 07-25-11 - EOTM - White Castle.docx
4 1980 1986 1992 1998 2004 2010 Source: OMB, BEA, J.P. Morgan Private Bank. Over the last few days, the Gang of Six plan, t
ility would have to increase from 440 bn to 1.7 trillion Euros, mostly from Germany). Italy es EFSM 600 400 200 faces a multi-notch downgrade from Moody’s, which is not going to help. As we discussed two weeks ago, Italy has been a model citizen in terms of running low budget deficits for 20 years, but
Page: HOUSE_OVERSIGHT_025223 →Microsoft Word - 04-09-2012 - EOTM - The Day of the Triffids.docx
Jan-12 2009 2010 2011 2012 Source: BEA/Wards, DB, J.P. Morgan Private Bank. Box indicates impact Source: DB, J.P. Morgan Pri
Mark Twain, is that reports of municipal bonds’ demise have been greatly exaggerated. From 1970 through to the end of 2011, municipal bonds rated by Moody’s experienced a grand total of 71 defaults among 17,700 issuers (11 of which occurred during 2010 and 2011). General obligation bonds accounted for 5 d
Page: HOUSE_OVERSIGHT_025245 →Entities connected to both Moody’s and J.P. Morgan U.S. Private Bank

Barack Obama
PERSON
JPMorgan Chase
ORGANIZATIONJ.P. Morgan Securities LLC
ORGANIZATIONMichael Cembalest
PERSON
Empirical Research Partners
ORGANIZATIONthe European Monetary Union
ORGANIZATION
FactSet
ORGANIZATION
Belgium
LOCATION
Bundesbank
ORGANIZATION
Eurostat
ORGANIZATION
Bureau of Labor Statistics
ORGANIZATION
Michael Bloomberg
PERSON
Office of Management and Budget
ORGANIZATION
Maastricht
LOCATION
Eurozone
ORGANIZATION
Eleanor Roosevelt
PERSONthe German Social Democratic Party
ORGANIZATION
the Institute of International Finance
ORGANIZATIONLiquidity Hospital
ORGANIZATION
Alliance Bernstein
ORGANIZATION