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both sides are pretty far apart and will have to compromise to avoid a very negative market reaction to upcoming EU summits. Comments from outgoing Bundesbank President Axel Weber this week are indicative of the challenges here: "Strong German import demand is insufficient to compensate for the structural
Past performance not i ndicative of future results. 17% Fixed asset investment M2 money supply 12% 2005 2006 2007 2008 2009 So urce:121300, China Economic Information Network 2010 equity markets during Fed tightening periods =500 Index, January. 100 120 115 110 105 100 95 2011 1988 2005 1994 The largest oil d
Unfortunately, the ECB can't create jobs Employment percent change, O0O, saar 3% .3% 2005 2006 2007 2008 2009 2010 2011 Source: EurostaL Bundesbank. After four years that challenge some of the basic assumptions of efficient markets and laissez-faire capitalism, there is a pent-up demand for nor
forcrVA.A.N1 Electricity production Cement production Steel production Source: National Bureau& Statistics, PBOC,ChinaAutomptive Infonnatbn, China Economic Information Network, CLSA•Marbt. HaverAnalytics. J.P. Morgan Securities 11O, ISI Group, J.P. Morgan Private Bank. • PMIdata are index levet Housingprice to income. ceme
Microsoft Word - 03-15-2012 - EOTM - What a diff'rence a day makes.docx
™ undexd -05 875 90 -0.6 775 -0.7 675 -3% 2008 2009 2010 2011 2012 2005 2006 2007 2008 2009 2010 2011 Source: Citigroup, Bloomberg. Source: Eurostat, Bundesbank. After four years that challenge some of the basic assumptions of efficient markets and laissez-faire capitalism, there is a pent-up demand for norm
Page: HOUSE_OVERSIGHT_024133 →ment income Shenzhen Electricity Cement production production production Source: Nationa Bureau of Statistics, PROC, China Automotive Information, China Economic Information Network, CLSA-Markit, Haver Analytics. J.P. Morgan Securities LLC, ISI Group, J.P. Morgan Private Bank. * PMI data areindexlevel. Housingprice toincome, ceme
Page: HOUSE_OVERSIGHT_024134 →Entities connected to both Bundesbank and China Economic Information Network

JPMorgan Chase
ORGANIZATIONMichael Cembalest
PERSON
Angela Merkel
PERSON
Bloomberg L.P.
ORGANIZATION
Empirical Research Partners
ORGANIZATION
Mario Draghi
PERSON
ISI Group
ORGANIZATIONBalanced Model Portfolios
ORGANIZATION
Central Banks
ORGANIZATION
Michael Vaknin
PERSON
Maestro
PERSONLehman
ORGANIZATION
Francesca Tondi
PERSON
Mercury Records
ORGANIZATION
Dinah Washington
ORGANIZATIONMorgan Stanley Research
ORGANIZATION
Shenzhen
LOCATIONJ.P. Morgan Securities
ORGANIZATION
Dick Cheney
PERSON