Epstein Secrets

de $82.53 (-10c) Gold $1618.50 (-90c) Spain cut 3 notches by Moody's to one level above junk with outlook still negative (Moody's also downgraded Cyprus). Spanish 10yr yield ticked up to 7.0% and currently 6.93% last (+91bps from Monday's post-bailout low). Spanish 5yr CDS +7bps to 606. ABC reports t

lete June 18/19 - G20 leaders meet in Los Cabos, Mexico June 20 - FOMC announcement (including individual economic and interest rate projections & Bernanke press conference) June 22 - Russell Rebalance June 28/29 - EU leaders summit Ike Groff 1680 Washington Blvd Stamford, CT 069011 e• mailto: (Desc

Return to Greece's past a radical mistake FT< afld-llel-a8a7-00144feabdc0.html#axzzlwzWFSGH5> Banking union and the euro's future FT Editorial< Cyprus and Greece FT Lex< 00144feabdc0.html#axzzlwzWFSGH5> Investing in Europe: suitors await FT Lex< 11e1-94a7-00144feabdc0.htmliaxzzlwzWFSGH5> Germany

lard of the mindset that there is still time to monitor the situation. Yellen comments tonight in Boston (7pm) will also be closely watched ahead of Bernanke's JEC testimony tomorrow. Hilsenrath article in WSJ< mod=WSJ_hp_LEFTWhatsNewsCollection> says the Fed will consider more action at its upcoming m

T • Japan leads rush into southeast Asia FT • Pacific Rim trade talks on track for 2013 deal, says US FT • Milder than expected final terms for Cyprus bail-in unveiled FT • Potash: Uralkali defection Lex • Deutsche Bank: shrink to fit Lex • BP: getting acquainted Lex • SoftBank: grand ambiti

night) Key Events on the Horizon August 21 — Fed Minutes from July30/31 FOMC meeting August 22-24 — Jackson Hole Annual Economic Policy Symposium (Bernanke not attending) September 5 — BOEJECB rate decisions EFTA00386268 September 18 - FOMC rate decision September 22 — German elections Le.,Descript

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

4/oz) UBS View (gold) Gold 6-month target: USD 1,875/oz ¢ So far we saw inflows into gold of around 4 million ounces via physically backed ETFs since Bernanke's speech at Jackson Hole. We expect this trend to continue and to lead to an undersupplied market, with financial demand also finding its way into go