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Eye on the Market, July 25, 2011
mbitious European bailout plan (finally), and how large cap growth stocks and rising corporate profits are patiently waiting for both of them to end White Castle. Twenty five years ago, I had a friend with a peculiar way of responding to seeing things he didn’t like on TV: he would throw White Castle hamburger
Page: HOUSE_OVERSIGHT_025215 →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 →Microsoft Word - 07-25-11 - EOTM - White Castle.docx
mbitious European bailout plan (finally), and how large cap growth stocks and rising corporate profits are patiently waiting for both of them to end White Castle. Twenty five years ago, I had a friend with a peculiar way of responding to seeing things he didn’t like on TV: he would throw White Castle hamburger
Page: HOUSE_OVERSIGHT_025221 →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 →Eye on the Market, July 25, 2011
ambitious European bailout plan (finally), and how large cap growth stocks and rising corporate profits are patiently waiting for both of them to end White Castle. Twenty five years ago, I had a friend with a peculiar way of responding to seeing things he didn't like on TV: he would throw White Castle hamburger
Page: HOUSE_OVERSIGHT_031159 →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 →Entities connected to both White Castle and the Gang of Six

Mitch McConnell
PERSON
Ronald Reagan
PERSON
Barack Obama
PERSONLiquidity Hospital
ORGANIZATION
Alliance Bernstein
ORGANIZATIONHamiltonian Advisors
ORGANIZATION
Weidmann
PERSON
the Heritage Foundation
ORGANIZATION
Freiburg
LOCATIONthe Centrum fur Europaische Politik’
ORGANIZATIONJ.P. Morgan Securities LLC
ORGANIZATIONthe European Monetary Union
ORGANIZATION
Harry Reid
PERSON
JPMorgan Chase
ORGANIZATIONMichael Cembalest
PERSON
Bundesbank
ORGANIZATIONThe Peterson Foundation
ORGANIZATION
Office of Management and Budget
ORGANIZATION
Belgium
LOCATION
Bernard Connolly
PERSON