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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
and that the tsunami itself led to a variety of disruptions (e.g. rapidly rising commodity prices, particularly in the wake of the Fed's August 2010 Jackson Hole speech) whose regressive consequences were troubling. Global Recovery in the Works °O of Countries Growing Faster than 3 Months Prior 3-Mar-11 No
mod=ITP_marketplace_0> NBC Olympics: WSJ mod=ITP_marketplace_0> WSJ WSJ 1 WSJ< WSJ< Hashtag $$$ Early Weaker Euro Aids Region's Exporters Bundesbank Stresses Divide on Bond Buying Monti Pushes for ESM Banking License Euro Zone Weighs on Central Europe Chinese Banks and Solar Subsidies WSJ< mo
e date for ESM to become operational, C3.2 billion Greek state bond held by ECB expires August 23/24/25 - Fed's Annual Economic Policy Symposium in Jackson Hole, WY September 7 - Xstrata EGM to vote on Glencore deal September 12 - Germany's Constitutional Court ruling on ESM S, Fiscal Pact November 6 - US
was due to the weaker than expected Q2 2014. There remains vulnerability in growth expectations for H2 and into 2015, as hinted at recently by the Bundesbank in its monthly report. inflation: has continued to undetshoot exottchttions. In fairness, the downside surprises this year come predominantly from
to be published in December, could be the trigger for private CIE or to at least give rise to a more vocal debate on QE. Mario Draghi's speech in Jackson Hole was significant, in our view. It opens the door to earlier action by the ECB. It is a close call, but we now think the ECB will announce private DE
was due to the weaker than expected Q2 2014. There remains vulnerability in growth expectations for H2 and into 2015, as hinted at recently by the Bundesbank in its monthly report. inflation: has continued to undetshoot exottchttions. In fairness, the downside surprises this year come predominantly from
to be published in December, could be the trigger for private CIE or to at least give rise to a more vocal debate on QE. Mario Draghi's speech in Jackson Hole was significant, in our view. It opens the door to earlier action by the ECB. It is a close call, but we now think the ECB will announce private DE
Entities connected to both Bundesbank and Jackson Hole

Michael Jackson
PERSON
Jeffrey Epstein
PERSON
Bloomberg L.P.
ORGANIZATION
Las Vegas
LOCATION
Lesley Groff
PERSON
JPMorgan Chase
ORGANIZATION
Barack Obama
PERSON
Bill Clinton
PERSON
Angela Merkel
PERSONMichael Cembalest
PERSON
United States
LOCATION
Draghi
PERSON
George W. Bush
PERSONIke Groff
PERSON
John F. Kennedy
PERSON
Benjamin Netanyahu
PERSON
United Kingdom
LOCATION
Harry Reid
PERSON
Norway
LOCATION
Belgium
LOCATION