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Extraction Summary

6
People
13
Organizations
6
Locations
2
Events
1
Relationships
3
Quotes

Document Information

Type: Financial report / market commentary
File Size: 2.78 MB
Summary

This document is a page from a 2012 J.P. Morgan market commentary authored by Chief Investment Officer Michael Cembalest. It presents a table comparing Spain's economic distress indicators against other European nations (Greece, Ireland, Portugal, Italy), identifying which countries are in 'worse shape' regarding specific metrics like debt and unemployment. The document includes citations for economic reports from 2010-2012 and standard legal disclaimers; while it bears a 'HOUSE_OVERSIGHT' Bates stamp suggesting it was part of a government production (possibly related to the Epstein investigation into J.P. Morgan), the content itself is purely macroeconomic analysis.

People (6)

Name Role Context
Michael Cembalest Chief Investment Officer
Author of the commentary/report.
Austan Goolsbee Former Chairman of the Council of Economic Advisors
Cited in footnote [a] regarding a 2007 article on subprime lending.
Kevin Brady Representative
Cited as author of 'States of Bankruptcy' report.
Jim DeMint Senator
Cited as author of 'States of Bankruptcy' report.
DeLong Academic (Berkeley)
Cited in Sources regarding fiscal policy.
Summers Academic (Harvard)
Cited in Sources regarding fiscal policy.

Organizations (13)

Name Type Context
J.P. Morgan
Employer of the author; issuing entity of the report.
JPMorgan Chase & Co
Copyright holder and parent company.
J.P. Morgan Securities LLC (JPMS)
Entity offering securities.
IMF
International Monetary Fund; cited as a data source.
OECD
Cited as a data source.
EU
European Union; cited as a data source.
World Bank
Cited as a data source.
CEPS
Cited as a data source.
Joint Economic Committee Republicans
Cited as source of a report.
Pew Center
Cited as source of a report.
Moody's
Cited as source of bond default data.
New York Times
Source of an article cited in footnote.
House Oversight Committee
Implied by Bates stamp 'HOUSE_OVERSIGHT'.

Timeline (2 events)

December 8, 2011
Release of 'States of Bankruptcy' report by Kevin Brady and Jim DeMint.
USA
March 20, 2012
Release of 'Fiscal Policy in a Depressed Economy' by DeLong and Summers.
USA

Locations (6)

Location Context
Primary subject of the economic comparison.
Compared to Spain in economic metrics.
Compared to Spain in economic metrics.
Compared to Spain in economic metrics.
Compared to Spain in economic metrics.
Region mentioned regarding World Bank labor rigidity.

Relationships (1)

Michael Cembalest Employment J.P. Morgan
Listed as Chief Investment Officer for the firm.

Key Quotes (3)

"The only country I can find that's in worse shape than Spain is:"
Source
HOUSE_OVERSIGHT_025240.jpg
Quote #1
"Goolsbee praises the benefits of subprime lending and related affordable housing policies, mocks Congress for holding hearings on the subject and cites Federal Reserve papers in saying that the 'mortgage market has become more perfect, not more irresponsible'."
Source
HOUSE_OVERSIGHT_025240.jpg
Quote #2
"Opinions expressed herein are those of Michael Cembalest and may differ from those of other J.P. Morgan employees and affiliates."
Source
HOUSE_OVERSIGHT_025240.jpg
Quote #3

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