Epstein Secrets

one stumble from one failed bailout to the next, jeopardizing a still-fragile global economy. The world's most impressive current leader, Germany's Angela Merkel, rejected Mr. Obama's advice to blow out her country's balance sheet with stimulus spending in 2009 and is thankful she did. Her economy is stronge

most impressive current leader, Germany's Angela Merkel, rejected Mr. Obama's advice to blow out her cou

thner elbowed his way into a euro-zone finance ministers meeting last September and then criticized European policies, and lately Messrs. Obama and Geithner have been blaming Europe for America's economic problems. No wonder Frau Merkel doesn't much care what the U.S. thinks. • The countries of South As

weaker at -22.9% (Renault -33.5%, Peugeot -23%) • Spain's Rajoy says it may be 'very complicated" to achieve 6.3% deficit to GDP target in 2012 • Merkel suggests may be willing to consider Greek debt write-off once they reach budget surplus (Bud) • EU ministers may reach ECB oversight deal on Decemb

ly 1.3037 last. Eurozone finance ministers meeting again today to further discuss Greece, Cyprus, Spain. No major updates on fiscal cliff talks with Geithner/Boehner making the rounds on the Sunday talk shows and both indicating very little willingness to compromise thus far (Politico). SPA's +3 handles =

ollars says WSJ (BNP denies) (WSJ<http://professional.wsj.com/article/SB10001424053111904353504576566821711712348.html>) (trading -7.5%) Germany's Merkel says that euro-area countries must avoid an "uncontrolled insolvency" in Greece Italy sells C3.9 billion of a new five-year benchmark bond as borro

bond as borrowing costs rise & demand declines Fed's Fisher says bar remains high for further easing "until the fiscal authorities do their job" Geithner to make unprecedented trip to Eurozone Finance Ministers meeting this Friday (Reuters<http://www.reuters.com/article/2011/09/13/us-eurozone-idUSTRE7

axzzlosmq6Ucr> Ireland battling for relief on debt repayment FT<http://www.ft.com/cms/s/0/a4c575e4-6dea-llel-b9c7-00144feab49a.htmlfaxzzlosmq6Ucr> Merkel no longer set to campaign with Sarkozy FT<http://www.ft.com/cms/s/0/456ee0ea-6dee-llel-baa5-00144feab49a.htmlfaxzzlosmq6Ucr> Lack of volume and ins

Economic Data: Empire Manufacturing / PPI / Jobless Claims @ 8:30am, TIC Flows @ 9am, Bloomberg Consumer Comfort @ 9:45am, Philadelphia Fed @ 10am Geithner speaks to Economic Club of New York @ 12pm Conferences: JPM Aviation, Transportation & Defense (NYC), UBS Global Consumer (Boston) Conferences: GS

ESM a banking license to give it access to unlimited ECB funding are gaining support (although Germany still opposes). Headline on Bloomberg saying Merkel adviser Bofinger advocates ECB buying of government bonds getting some attention but note this is not a new opinion from Bofinger. Some headlines o

902d-00144feab49a.html4azzz220Rqltuo> Greek leaders seek to defer austerity cuts FT< da72-11e1-902d-00144feab49a.html4azzz220Rqltuo> SchAuble and Geithner urge reforms FT< a413-00144feab49a.html4azzz220Rqltuo> Italy's bond auction soothes eurozone fears FT< da35-11e1-902d-00144feab49a.html4azzz220Rql