Epstein Secrets

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in the dollar's trade basket, this would be close to impossible to achieve via such a bilateral accord. Casualties of the Currency Wars (other than Southern Europe) The first one is us. We did not anticipate the recent strength of the Euro vs the US dollar; since the summer, the Fed and the ECB have adopted op

tained herein is intended as a general market commentary. Opinions expressed herein are those of Michael Cembalest and may differ from those of other J.P. Morgan employees and affiliates. This information in no way constitutes J.P. Morgan research and should not be treated as such. Further. the views expressed

ient and is serviced through distinct legal entities licensed for specific activities. Bank, trust and investment management services are provided by J.P. Morgan Chase Bank. N.A. and its affiliates. Securities are offered through J.P. Morgan Securities LLC(JPMS). Member NYSE. FINRA and SIPC. Securities products purchase

t ratios above 80%. And of course, if the current strategy doesn't work, the EU will simply have made the problem bigger for the ECB and EU banks. Southern Europe needs capital to finance both budget deficits and trade deficits. Private sector capital is going to need a reason to come back, and absent a much w

schneider Group Inc. USA Dilenschneider Philip Dilley Chairman Arup Group Ltd United Kingdom James Dimon Chairman and Chief Executive Officer JPMorgan Chase 8 Co. USA John Dineen President and Chief Executive Officer GE Healthcare United Kingdom Laurie L. Dippenaar Chairman FirstRand Ltd South Africa

ior Managing Director Chairman Group Executive Vice-President, Human Resources and Synergies President and Chief Executive Officer Bureau Chief, Southern Europe Minister of Mining of Mongolia Columnist Chairman and Chief Executive Officer President and Chief Executive Officer, CAF - Development Bank of L

“run-of-the-mill” terrible instead of “look-out-for-that-bank/country- it’s-about-to-default” terrible. What is impossible to assess: the ability of Southern Europe to withstand rising social and political pressures of massive unemployment. Also: watch out for France, where there is a large, growing economic gap

arbon emissions than the diesel they replace, and high food prices. HOUSE_OVERSIGHT_024194 --- PAGE BREAK --- Eye on the Market | October 22, 2012 J.P Morgan The most important energy developments of 2012: how countries are planning for Independence Day I:_ What might US energy independence look like? Ri

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ient and is serviced through distinct legal entities licensed for specific activities. Bank, trust and investment management services are provided by JP Morgan Chase Bank, N.A, and its affiliates. Securities are offered through J.P. Morgan Securities LLC (JPMS), Member NYSE, FINRA and SIPC, and its affiliates globally as lo

tained herein is intended as a general market commentary. Opinions expressed herein are those of Michael Cembalest and may differ from those of other J.P. Morgan employees and affiliates. This information in no way constitutes J.P. Morgan research and should not be treated as such. Further, the views ex