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al risk across the Arab world has been something of a surprise, although conditions leading to it were well understood for years. As for problems in the European Monetary Union and the impact of tightening policy in Asia, they have been familiar refrains around here for months, and were central to our 2011 Outlook. The whol
concerning your personal situation. This material is nor intended as an offer or solicitation for the purchase or sale of any financial instrument. Private Investments may engage in leveraging and other speculative practices that may increase the risk of investment loss. can be highly illiquid. are not required to
10-24-11_ EOTM_-_Emu jdromaius_novaehollandiae].pdf Eye on the Market, October 24, 2011 Topics: A biological look at the latest attempt to resolve the European Monetary Union debt crisis; US Q3 earnings The EMU (technical name: Economic and Moneiwy Union, common name: European Moneiwy Union) is beginning to bear more and
w oonceming your personal situation. This material is not intended as an offer or solicitation for the purchase or sale of any financial instrument. Private Investments may engage in leveraging and other. peculative practices that may increase the risk of inwsurrent loss, can be highly illiquid, are not required to
eside the point. Last week's EoTM summarized our take on the market, economic, political and investment implications of the continued unraveling of the European Monetary Union. What would change our views? A full-scale German underwriting of the EMU problem. How likely is that? Wenn Schweine fliegen k6nnen (when pigs fly)
e concerning your personal situation. This material is not intended as an offer or solicitation for the purchase or sale ofany financial instrument. Private Investments may engage in leveraging and other speculative practices that may increase the risk of investment lass. can be highly illiquid. are not required to
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JPMorgan Chase
ORGANIZATIONMichael Cembalest
PERSONBalanced Model Portfolios
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Bloomberg L.P.
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Bundesbank
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Hungary
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Bill Clinton
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Maastricht
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Malaysia
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Ronald Reagan
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Middle East
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ISI Group
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George W. Bush
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Eastern Europe
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Moody's
ORGANIZATIONLeon Black
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