Epstein Secrets

l Link was quoted earlier as saying parts of the EU report "read like a wish list" (leans too much on mutual debt models without improved controls). Moody's downgraded 28 Spanish banks after the close as expected (12 cut to junk) citing the sovereign downgrade earlier this month as well as the possibili

der in contempt, Earnings (FDO, CAN, NKE, ruling on ObamaCare (10am), House will vote on whether to hold AG US GDP, Kansas City Fed Manufacturing, EU Summit in Brussels, RIMM) Friday: Personal Income and Spending, Chicago PMI, Michigan Confidence, EC qtrly report on Euro area, Earnings (STZ) This e-ma

10yr 1.63% NZD 0.7873 (+0.12%) Copper -0.35% Futures: Dow +49, Nasdaq +9, S&P +6 DXY $82.27 (-2c) Crude $78.73 (+53c) Gold $1570.70 (+$5.20) Moody's announced its widely anticipated downgrade of 15 global banks after the close last night. No big surprises although Credit Suisse getting cut by 3 n

ed IB in the world & a 2-notch cut for MS was consensus despite fears of 3). Hollande, Merkel, Rajoy & Monti meeting in Rome today ahead of the key EU Summit next week and the proposal to allow the EFSF/ESM to buy peripheral sovereign debt will remain in focus (will Merkel continue to resist pressure?).

• Why you remain risk-off and what catalysts you see over the summer; • Are we heading towards a Lehman moment? • Comment on ratings action by Moody's on banks; Nikolaos Panigirtzoglou (Head of European Asset Allocation): • Why QE seems to be losing its effectiveness • Progress on investor posi

on Fri 6/29 at 12noon ET. We are hosting a global conference call to discuss with investors our initial conclusions regarding the much-anticipated EU Summit. How effective is the expected proposal fore a fiscal and banking union? What impact should the growth compact have on EU GDP? What is the timelin