Epstein Secrets

barrels per day 3.500 3.000 2.500 2.000 1.500 1.000 500 Libya & Algeria exports 0 1999 2001 2002 2004 2005 2007 2008 2010 Source: Bloomberg. 2 EFTA00610625 Eye on the Market I March 10.2011 J.P.Morgan On Europe, solvency problems in Greece, Portugal and Ireland are increasingly bei

to change. Past penantance is not a guarantee of future results. References to the performance or character of our portfolios generally refer to our Balanced Model Portfolios constructed by. Morgan. It is a proxy for client perforntance and may not represent actual transactions or investments in client accounts. The mode

ns and Impact on South Korean equity market Kospl Index 100= day before event 115 110 • 105 • 100 • 95 • 90 • 85 • sa • 0 1 2 3 Source: Bloomberg. 4 5 6 7 8 9 10 11 12 13 14 KA D H Date Event A B C E F H J K August-1998 June-1999 June-2002 September-2004 July-2006 October

to change. Pasignformance is not a guarantee of future results. References to the performance or character of our portfolios generally refer to our Balanced Model Portfolios constructed by. Morgan. It is a proxy for client performance and may not represent actual transactions or investments in client amounts. The model p

rce ..l.P. Morgan F8 cal cul abons. world Gold Co uno I. G F MS. U.S. Jan-08 Jun-08 Nov-08 Apr-09 Sep-09 Feb-10 Jul-10 Geological Survey. IMF. Bloomberg, MSCI. BIS. Merrill Lynch. Source:Saudi Arabian ',smeary Agency. Saudi Arabia: pressures from a weaker dollar and how its investment parapets lim

o change. Past performance is not a guarantee of future results. References to the performance or character of ben portfolios generally refer to our Balanced Model Portfolios constructed by JP Morgan. It is a proxy for client performance and may not represent actual transactions or investments in client accounts. The mode

.2 • •0.3 -Ti MSCI World • 1,175 - 1,075 - 975 •0.4 • •0.5 - Index • 875 •0.6 • - 775 675 •0.7 2008 2009 2010 2011 Source: Citigrotp, Bloomberg. 2012 Unfortunately, the ECB can't create jobs Employment percent change, O0O, saar 3% .3% 2005 2006 2007 2008 2009 2010 2011 Source: Eu

o change. Past performance is nor a guarantee of future results. References to the performance or character of our portfolios generally refer to our Balanced Model Portfolios constructed by J.P. Morgan. Iris a proxy for client performance and may nor represent actual transactions or investments in client accounts. The mod

reserve requirement ratios, from 2% to 1% Spain's sovereign yield curve Pe cent 8% November 29,2011 January 24. 2012 5Y 10Y 20Y 30Y Source: Bloomberg. Source: Bloomberg. It should not be lost on anyone that first prize in the Central Bank balance sheet expansion race is not necessarily one you w

o change. Past performance is not a guarantee of future results. References to the performance or character of our portfolios generally refer to our Balanced Model Portfolios constructed by J.P. Morgan. It is a proxy for client performance and may not represent actual transactions or investments in client accounts. The mo

EFTA00742476 11, 2010: 2pm - 4pm 500 Index 1,160 1,150 1,140 1,130 1,120 1,110 1,100 1,090 1,080 1,070 1,060 2:00 PM 3:00PM Source: Bloomberg. HFT firms account for a growing share of all trades %of all trading activity 70% - 60% - 50% - 40% • 30% - 20% - 10% 0% 4:00 FM 2003 20

o change. Past performance is not a guarantee of future results. References to the performance or character of our portfolios generally refer to our Balanced Model Portfolios constructed by J.P. Morgan. It is a proxy for client performance and may not represent actual transactions or investments in client accounts. The mo