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On today's financial market developments
ide back into Soviet rule, or anarchy (that view turned out to be wrong). Anyone market-weight European risk out of the expectation that “Trichet and Merkel will fix surely it” is taking a binary risk that impossible to handicap. Similarly, we should not start buying anything just because we think Qe3 is
Page: HOUSE_OVERSIGHT_025226 →o put in their current forecasts. Most summarily dismissed our concerns that the recovery earlier this year had elements of a stimulus-driven mirage. Bridgewater Associates was the only firm we spoke to that consistently highlighted the broader process of household deleveraging; and cautioned that when stimulus faded, so
Page: HOUSE_OVERSIGHT_025226 →Microsoft Word - 08-04-11 - EOTM - Market update.docx
ide back into Soviet rule, or anarchy (that view turned out to be wrong). Anyone market-weight European risk out of the expectation that “Trichet and Merkel will fix surely it” is taking a binary risk that impossible to handicap. Similarly, we should not start buying anything just because we think Qe3 is
Page: HOUSE_OVERSIGHT_025229 →o put in their current forecasts. Most summarily dismissed our concerns that the recovery earlier this year had elements of a stimulus-driven mirage. Bridgewater Associates was the only firm we spoke to that consistently highlighted the broader process of household deleveraging; and cautioned that when stimulus faded, so
Page: HOUSE_OVERSIGHT_025229 →On today's financial market developments
ide back into Soviet rule, or anarchy (that view turned out to be wrong). Anyone market-weight European risk out of the expectation that "Trichet and Merkel will fix surely it" is taking a binary risk that impossible to handicap. Similarly, we should not start buying anything just because we think Qe3 is
Page: HOUSE_OVERSIGHT_031156 →o put in their current forecasts. Most summarily dismissed our concerns that the recovery earlier this year had elements of a stimulus-driven mirage. Bridgewater Associates was the only firm we spoke to that consistently highlighted the broader process of household deleveraging; and cautioned that when stimulus faded, so
Page: HOUSE_OVERSIGHT_031156 →Entities connected to both Angela Merkel and Bridgewater Associates

Bill Clinton
PERSON
United States
LOCATION
Bloomberg L.P.
ORGANIZATION
JPMorgan Chase
ORGANIZATION
Michael Jackson
PERSON
John F. Kennedy
PERSON
Cynthia Nixon
PERSON
Oliver Stone
PERSONMartin Weinberg
PERSON
Bundesbank
ORGANIZATIONMichael Cembalest
PERSONthe European Monetary Union
ORGANIZATION
Boris Yeltsin
PERSON
Outlook
ORGANIZATIONJ.P. Morgan Securities LLC
ORGANIZATION
Don Quixote
PERSON
Marty Feldstein
PERSON
Delaware
LOCATION
Moody’s
ORGANIZATIONTrichet
PERSON