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Eye on the Market, July 25, 2011
nd its affiliates. Securities are offered through J.P. Morgan Securities LLC (JPMS), Member NYSE, FINRA and SIPC. Securities p
ize their banks * Language (with no specifics) regarding the use of EU structural funds to boost growth in Greece What the EU gets: more austerity, Maastricht with teeth (?) and private sector involvement in Greek debt rollover * Legally binding national fiscal framework to be developed by end of 2012; fisc
Page: HOUSE_OVERSIGHT_025217 →Microsoft Word - 07-25-11 - EOTM - White Castle.docx
ize their banks * Language (with no specifics) regarding the use of EU structural funds to boost growth in Greece What the EU gets: more austerity, Maastricht with teeth (?) and private sector involvement in Greek debt rollover * Legally binding national fiscal framework to be developed by end of 2012; fis
Page: HOUSE_OVERSIGHT_025223 →ities. Bank, trust and investment management services are provided by J.P. Morgan Chase Bank, N.A, and its affiliates. Securities are offered through J.P. Morgan Securities LLC (JPMS), Member NYSE, FINRA and SIPC. Securities products purchased or sold through JPMS are not insured by the Federal Deposit Insurance Corporation
Page: HOUSE_OVERSIGHT_025225 →Microsoft Word - 07-11-11 - EOTM - Twilight of the Gods.docx
10 68% Cash, securities & borrowing capacity of gov't employee retirement and other funds (as of May 16) Debt 8 Source: US Departmentof the Treasury, J.P. Morgan Securities LLC, J.P. Morgan Private Bank. 50 How much is left (as of July 8) 0 Source: Stone & McCarthy. Gov'tfunds include G-Fund, Exchange Stabilization Fund and
Page: HOUSE_OVERSIGHT_030809 →k since there are no binding committments at all 110% 100% 90% Little progress on debt reduction despite 20 years of primary budget surpluses 80% 70% Maastricht limit 60% 50% 1992 1994 1996 1998 2000 2002 2004 2006 2008 2010 Source: International Monetary Fund. So to be clear, the Twilight of the Gods has not
Page: HOUSE_OVERSIGHT_030812 →Entities connected to both J.P. Morgan Securities LLC and Maastricht

JPMorgan Chase
ORGANIZATION
Nelson
PERSONMichael Cembalest
PERSONLeon Black
PERSON
Barack Obama
PERSONthe European Monetary Union
ORGANIZATION
Empirical Research Partners
ORGANIZATIONJ.P. Morgan U.S. Private Bank
ORGANIZATION
Bundesbank
ORGANIZATION
Marc Rich
PERSON
Moody’s
ORGANIZATION
the Institute of International Finance
ORGANIZATION
FactSet
ORGANIZATION
Belgium
LOCATION
Eurozone
ORGANIZATION
Alliance Bernstein
ORGANIZATION
Eurostat
ORGANIZATION
Ronald Reagan
PERSONPrivate Investments
ORGANIZATION
Hungary
LOCATION