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Eye on the Market, July 25, 2011
ith problems in Greece, Portugal and Ireland, if you include Spain, it gets tight (note: the chart excludes costs to recapitalize banks). If Italy or Belgium entered Europe’s Liquidity Hospital, a lot more money might be needed from European parliaments (in one worst-case scenario, Alliance Bernstein estim
Page: HOUSE_OVERSIGHT_025217 →ports indicating a slowdown in manufacturing and service sector surveys. Michael Cembalest Chief Investment Officer Notes [a] Bundesbank President Weidmann, in response to last week’s package: “By transferring significant risks to the support-giving countries and their taxpayers, the Euro area has taken
Page: HOUSE_OVERSIGHT_025219 →Microsoft Word - 07-25-11 - EOTM - White Castle.docx
ith problems in Greece, Portugal and Ireland, if you include Spain, it gets tight (note: the chart excludes costs to recapitalize banks). If Italy or Belgium entered Europe’s Liquidity Hospital, a lot more money might be needed from European parliaments Limited capacity at the European Liquidity Hospital
Page: HOUSE_OVERSIGHT_025223 →worst-case outcomes have been avoided (money market failures, bank runs, etc), but markets will remain nervous about Europe. > Bundesbank President Weidmann, in response to last week’s package: “By transferring significant risks to the support-giving countries and their taxpayers, the Euro area has taken
Page: HOUSE_OVERSIGHT_025224 →Eye on the Market, July 25, 2011
ith problems in Greece, Portugal and Ireland, if you include Spain, it gets tight (note: the chart excludes costs to recapitalize banks). If Italy or Belgium entered Europe's Liquidity Hospital, a lot more money might be needed from European parliaments (in one worst-case scenario, Alliance Bernstein estim
Page: HOUSE_OVERSIGHT_031161 →reports indicating a slowdown in manufacturing and service sector surveys. Michael Cembalest Chief Investment Officer Notes [a] Bundesbank President Weidmann, in response to last week's package: "By transferring significant risks to the support-giving countries and their taxpayers, the Euro area has taken
Page: HOUSE_OVERSIGHT_031163 →Entities connected to both Belgium and Weidmann

Barack Obama
PERSON
Mitch McConnell
PERSON
Ronald Reagan
PERSON
Harry Reid
PERSON
Eurozone
ORGANIZATION
Eleanor Roosevelt
PERSON
JPMorgan Chase
ORGANIZATION
Bipartisan Policy Center
ORGANIZATION
Bernard Connolly
PERSON
FactSet
ORGANIZATION
Bundesbank
ORGANIZATION
Office of Management and Budget
ORGANIZATION
Eurostat
ORGANIZATIONThe Peterson Foundation
ORGANIZATION
Moody’s
ORGANIZATION
the Heritage Foundation
ORGANIZATIONJ.P. Morgan Securities LLC
ORGANIZATIONMichael Cembalest
PERSON
White Castle
ORGANIZATIONthe Gang of Six
ORGANIZATION