Epstein Secrets

anovic's book is an excellent and factual place to start this very important conversation. In 2008 the leadership of the European Union (EU) allowed Cyprus join their consortium even though it was really only a Mediterranean offshore-banking center, partially occupied by Turkey since 1974, with a popul

h CEO, David Komansky, is another former megabank CEO calling for the breakup of "too big to fail" banks, according to Simon Johnson. Komansky told Bloomberg TV that he "regrets" calling for the repeal of Glass-Steagall, which allowed banks to become bigger than ever. Sallie Krawcheck: Former Citigroup CFO

osite —No-change line 35 08 09 10 11 12 Source: Bloomberg, UBS CIO, as of September 2012 Note: Past perfor

gger a cut-off from funding by early 2013 and a possible gradual exit later. Portugal and Ireland should remain on track with their bailout packages, Cyprus will likely get a new package and Slovenia may ask for help soon. A Positive scenario (Probability: 15%*) Return to macro stability ¢ Bond yields ar

EM* EMBIG Gold -10 10 20 30 Source: J.P. Morgan, Bloomberg. See blue box on page 2 for description. www.jpmo

weight. • Credit - We OW covered bonds in the Euro periphery over senior bank bonds and subordinated vs senior bank bonds in the core. • Currencies - Cyprus to have minimal further impact on EUR, but a ECB rate cut would push it a few cents lower versus the dollar. • Commodities - Stay long Brent and shor