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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 →ortunities. HOUSE_OVERSIGHT_030006 --- PAGE BREAK --- My own business perspective has been limited to that small hotel and restaurant in Stratford, Conn., with an especially difficult lease and a severe recession. But my business associates and I also lived with federal, state and local rules that were
Page: HOUSE_OVERSIGHT_030007 →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 →ortunities. HOUSE_OVERSIGHT_031165 --- PAGE BREAK --- My own business perspective has been limited to that small hotel and restaurant in Stratford, Conn., with an especially difficult lease and a severe recession. But my business associates and I also lived with federal, state and local rules that were
Page: HOUSE_OVERSIGHT_031166 →Microsoft Word - 06-14-11 - EOTM - The Stratford Inn.docx
11 Topics: On lessons learned running the Stratford Inn My own business perspective has been limited to that small hotel and restaurant in Stratford, Conn., with an especially difficult lease and a severe recession. But my business associates and I also lived with federal, state and local rules that were
Page: HOUSE_OVERSIGHT_030011 →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 →Entities connected to both Michael Cembalest and Connecticut

Jeffrey Epstein
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JPMorgan Chase
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Prince Charles
PERSONMartin Weinberg
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George W. Bush
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Credit Suisse
ORGANIZATIONJ.P. Morgan Securities LLC
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Bill Clinton
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United States
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Barack Obama
PERSONLeon Black
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Alaska
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Al Gore
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Osama bin Laden
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John F. Kennedy
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U.S. Treasury
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United Kingdom
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Michael Jackson
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Bloomberg L.P.
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Frankfurt
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