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Eye on the Market, July 25, 2011
revenue increases compared to where we are today; the Heritage Foundation's "Woody Guthrie Memorial Budget Plan" is the only
l. The Peterson Foundation's sampling of 6 policy groups shown below indicate that 5 of 6 recommend revenue increases compared to where we are today; the Heritage Foundation's "Woody Guthrie Memorial Budget Plan" is the only exception. What kind of revenue increases? Raising the top two brackets, which would affect joint fi
Page: HOUSE_OVERSIGHT_031160 →s been below consensus, which would be consistent with the recent batch of reports indicating a slowdown in manufacturing and service sector surveys. Michael Cembalest Chief Investment Officer Notes [a] Bundesbank President Weidmann, in response to last week's package: "By transferring significant risks to the suppo
Page: HOUSE_OVERSIGHT_031163 →Eye on the Market, July 25, 2011
l. The Peterson Foundation’s sampling of 6 policy groups shown below indicate that 5 of 6 recommend revenue increases compared to where we are today; the Heritage Foundation’s “Woody Guthrie Memorial Budget Plan” is the only exception. What kind of revenue increases? Raising the top two brackets, which would affect joint fi
Page: HOUSE_OVERSIGHT_025216 →rings, measuring 2.5 inches square. The material contained herein is intended as a general market commentary. Opinions expressed herein are those of Michael Cembalest and may differ from those of other J.P. Morgan employees and affiliates. This information in no way constitutes J.P. Morgan research and should not b
Page: HOUSE_OVERSIGHT_025220 →Microsoft Word - 07-25-11 - EOTM - White Castle.docx
l. The Peterson Foundation’s sampling of 6 policy groups shown below indicate that 5 of 6 recommend revenue increases compared to where we are today; the Heritage Foundation’s “Woody Guthrie Memorial Budget Plan” is the only exception. What kind of revenue increases? Raising the top two brackets, which would affect joint fi
Page: HOUSE_OVERSIGHT_025222 →cap growth stocks Post-dividend free cash flow margin ‘71 ‘74 ‘77 '80 '83 ‘86 '89 '92 '95 '98 ‘01 '04 ‘07 '10 Source: Empirical Research Partners. Michael Cembalest Chief Investment Officer CBO Congressional Budget Office OMB Office of Management and Budget EFSF European Financial Stability Facility FICA Federa
Page: HOUSE_OVERSIGHT_025225 →Entities connected to both the Heritage Foundation and Michael Cembalest

JPMorgan Chase
ORGANIZATIONJ.P. Morgan Securities LLC
ORGANIZATION
Barack Obama
PERSON
Bill Clinton
PERSON
Bundesbank
ORGANIZATIONthe European Monetary Union
ORGANIZATION
Mitch McConnell
PERSON
the Institute of International Finance
ORGANIZATION
George W. Bush
PERSON
Empirical Research Partners
ORGANIZATION
Al Gore
PERSON
Jeffrey Epstein
PERSON
Marc Rich
PERSON
Ronald Reagan
PERSON
Bloomberg L.P.
ORGANIZATION
Harry Reid
PERSON
Michael Jackson
PERSON
John F. Kennedy
PERSON
Dick Cheney
PERSON
Prince Charles
PERSON