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at to do next? McGovem's article suggests that an overly interventionist public sector may be the wrong answer, given the unintended consequences. Michael Cembalest Chief Investment Officer EFTA00714589 Notes [a] I like the idea of extending the holding period for short term capital gains to 3-5 years, and c
hey keep. If the cutoff year is properly set, it could be done on a deficit—neutral basis. [b] According to methodology described by Keith Poole of the University of San Diego in the American Journal of Political Science, McGovern ranks as the 99th most liberal politician out of 3,320 politicians serving from 1937 to 2002.
Eye on the Market, June 14, 2011
What to do next? McGovern's article suggests that an overly interventionist public sector may be the wrong answer, given the unintended consequences. Michael Cembalest Chief Investment Officer HOUSE_OVERSIGHT_030007 --- PAGE BREAK --- Notes [a] I like the idea of extending the holding period for short term capital
Page: HOUSE_OVERSIGHT_030007 →they keep. If the cutoff year is properly set, it could be done on a deficit-neutral basis. [b] According to methodology described by Keith Poole of the University of San Diego in the American Journal of Political Science, McGovern ranks as the 99th most liberal politician out of 3,320 politicians serving from 1937 to 2002.
Page: HOUSE_OVERSIGHT_030008 →Microsoft Word - 06-14-11 - EOTM - The Stratford Inn.docx
e, they keep. If the cutoff year is properly set, it could be done on a deficit-neutral basis. 4 According to methodology described by Keith Poole of the University of San Diego in the American Journal of Political Science, McGovern ranks as the 99" most liberal politician out of 3,320 politicians serving from 1937 to 2002. '
Page: HOUSE_OVERSIGHT_030010 →240% 220% US 200% 180% 160% 140% 1987 1990 1993 1996 1999 2002 2005 2008 Source: Federal Reserve, Office for National Statistics. UK Data as of 2009. Michael Cembalest Chief Investment Officer The material contained herein is intended as a general market commentary. Opinions expressed herein are those of Michael Cem
Page: HOUSE_OVERSIGHT_030012 →Eye on the Market, June 14, 2011
What to do next? McGovern's article suggests that an overly interventionist public sector may be the wrong answer, given the unintended consequences. Michael Cembalest Chief Investment Officer HOUSE_OVERSIGHT_031166 --- PAGE BREAK --- Notes [a] I like the idea of extending the holding period for short term capital
Page: HOUSE_OVERSIGHT_031166 →they keep. If the cutoff year is properly set, it could be done on a deficit-neutral basis. [b] According to methodology described by Keith Poole of the University of San Diego in the American Journal of Political Science, McGovern ranks as the 99th most liberal politician out of 3,320 politicians serving from 1937 to 2002.
Page: HOUSE_OVERSIGHT_031167 →Entities connected to both Michael Cembalest and the University of San Diego

JPMorgan Chase
ORGANIZATIONJ.P. Morgan Securities LLC
ORGANIZATION
Bill Clinton
PERSON
Al Gore
PERSON
Northeast
LOCATION
George McGovern
PERSON
Outlook
ORGANIZATION
Alan Greenspan
PERSON
New England
LOCATIONStratford Inn
ORGANIZATIONThe National Taxpayers Union
ORGANIZATION
Christina Romer
PERSON
John Taylor
PERSON
Paul Tsongas
PERSON
Bob Kerrey
PERSON
Ayn Rand
PERSONKeith Poole
PERSONGerald Wynn
PERSON
Stratford
LOCATION
Osama bin Laden
PERSON