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Eye on the Market, July 25, 2011
e caveat that many plans are not crystal clear what baseline they are using, or what steps they recommend to get to that baseline first. For example: the Gang of Six state that they used the President’s budget as a baseline (scored by CBO in March 2011), reduced deficits by $3.7 trillion, and ended up with a 71% d
Page: HOUSE_OVERSIGHT_025215 →1962 1968 1974 1980 1986 1992 1998 2004 2010 Debt limit to gov. receipts nd Source: OMB, BEA, J.P. Morgan Private Bank Over the last few days, the Gang of Six plan, the Reid-McConnell plan and the Obama-Boehner plan have all been raised up the flagpole and then lowered. By the end of the process, we’re stil
Page: HOUSE_OVERSIGHT_025215 →ain & Portugal 16% 105. 14% 100 17% i 10% od B% 85 G% Germany ad Ao, a aa 2007 2008 2009 2010 2011 0% aa ae ; Source: INE, CSO, ISTAT, NSS, Eurostat, Bundesbank, J.P. Morgan Ve7O gf TOG 188 TO 1D ZO aT Securities LLC, J.P. Morgan Private Bank. Periphery =Portugal, Ireland, lialy, Source: J.P. Morgan Private B
Page: HOUSE_OVERSIGHT_025218 →Microsoft Word - 07-25-11 - EOTM - White Castle.docx
pact 31 million filers in 2012 (and raise $132 billion in revenue), compared to 4 million filers in 2011 (and $39 billion in revenue). * For example: the Gang of Six state that they used the President’s budget as a baseline (scored by CBO in March 201 1), reduced deficits by $3.7 trillion, and ended up with a 71%
Page: HOUSE_OVERSIGHT_025221 →pts 30% —> 2x 20% 1x 1950 1956 1962 1968 1974 1980 1986 1992 1998 2004 2010 Source: OMB, BEA, J.P. Morgan Private Bank. Over the last few days, the Gang of Six plan, the Reid-McConnell plan and the Obama-Boehner plan have all been raised up the flagpole and then lowered. By the end of the process, we’re stil
Page: HOUSE_OVERSIGHT_025221 →me to fail. Industrial production Index, 100 = January 2007 110 105 100 95 90 85 80 15 2007 2009 2010 2011 Source: INE, CSO, ISTAT, NSS, Eurostat, Bundesbank, J.P. Morgan Securities LLC, J.P. Morgan Private Bank. Periphery = Portugal, Ireland, Italy, Greece, Spain. 2008 * The current EFSF lending capacit
Page: HOUSE_OVERSIGHT_025223 →Eye on the Market, July 25, 2011
e caveat that many plans are not crystal clear what baseline they are using, or what steps they recommend to get to that baseline first. For example: the Gang of Six state that they used the President's budget as a baseline (scored by CBO in March 2011), reduced deficits by $3.7 trillion, and ended up with a 71% d
Page: HOUSE_OVERSIGHT_031159 →islation is a rocky but healthy way for a democracy to decide whether mega-deficits are in the long-term public interest. Over the last few days, the Gang of Six plan, the Reid-McConnell plan and the Obama-Boehner plan have all been raised up the flagpole and then lowered. By the end of the process, we're stil
Page: HOUSE_OVERSIGHT_031159 →or parties are unflinching supporters of the European project, and will do whatever it takes to prevent a break-up. The objections from members of he Bundesbank are described as lonely voices of opposition that carry no weight [a]. But how large are the costs goin‹ to be? German politicians and voters may see
Page: HOUSE_OVERSIGHT_031162 →Entities connected to both Bundesbank and the Gang of Six
Michael Cembalest
PERSON
JPMorgan Chase
ORGANIZATION
Barack Obama
PERSONthe European Monetary Union
ORGANIZATION
Ronald Reagan
PERSONJ.P. Morgan Securities LLC
ORGANIZATION
the Institute of International Finance
ORGANIZATION
Mitch McConnell
PERSON
Belgium
LOCATION
Moody’s
ORGANIZATION
Bernard Connolly
PERSON
Harry Reid
PERSON
Office of Management and Budget
ORGANIZATION
Empirical Research Partners
ORGANIZATION
Eurostat
ORGANIZATION
the Heritage Foundation
ORGANIZATIONthe European Central Bank
ORGANIZATION
White Castle
ORGANIZATIONThe Peterson Foundation
ORGANIZATIONthe Monetary Union
ORGANIZATION