Epstein Secrets

HMSY/AGP, Stifel downgrades HGG, Wells initiates VPHM (mp) and REXX (op) Key Research: Susquehanna initiates NXPI (neut), JMP initiates JNPR (mp), Baird downgrades CVGI/MTOR/MOD Key Research: Guggenheim initiates CMA (neut), Stifel initiates LTM (hold), Raja upgrades SKYW, MS downgrades WM Key Res

g that there is - C67 billion in outstanding subordinated/hybrid debt & most of it was sold to retail investors as savings products). Meanwhile, PM Rajoy announced budget measures worth €65B over 2.5 years this morning (VAT will rise to 21% vs 18%). Germany's Constitutional Court ended its hearing on

s EIX, JMP upgrades BSX, UBS downgrades TEVA, Nomuta cuts VZ Key Research: ISI upgrades DLR/EDD/KRC (buy's) & downgrades UDR, BofA upgrades SDR LN, Baird upgrades CUBE Key Research: SLHN VX MS downgrades KNIN VX & upgrades PWTN SW, Santander downgrades EOAN GR, BofA downgrades Key Research: TLW LN

ble & Wireless Monaco business for $680 million • French car registrations for November weaker at -22.9% (Renault -33.5%, Peugeot -23%) • Spain's Rajoy says it may be 'very complicated" to achieve 6.3% deficit to GDP target in 2012 • Merkel suggests may be willing to consider Greek debt write-off o

ANH & initiates BXMT (buy), Evercore initiates GOGO (ow) ••• Miller Tabak initiates AREX/FANG (buys), KBW upgrades TAYC/MBFI ••• FBR upgrades ADBE, Baird upgrades BWA, Canaccord downgrades GSS (sell) ••• Raja downgrades ININ, BMO cuts PKG, Williams Capital cuts NVE Europe Key Research: • CS downgrad

• India eases curbs on foreign direct investment to boost growth FT • Return of the blueblood macro hedge funds FT • Spain's Socialists to force Rajoy's hand in vote of censure FT • Globalisation in a time of transition FT • We have good cause to abhor the surveillance state FT • The market is