HOUSE_OVERSIGHT_025221.jpg
3.09 MB
Extraction Summary
6
People
10
Organizations
2
Locations
1
Events
0
Relationships
3
Quotes
Document Information
Type:
J.p. morgan market research report / newsletter
File Size:
3.09 MB
Summary
A J.P. Morgan 'Eye on the Market' newsletter dated July 25, 2011, analyzing the US debt ceiling crisis. The document compares current debt levels to the Reagan era, arguing that the current situation is more precarious due to higher debt-to-GDP ratios. It details various political proposals for deficit reduction (Gang of Six, Obama-Boehner, Reid-McConnell). The document bears a 'HOUSE_OVERSIGHT' Bates stamp, indicating it was produced as part of the House Oversight Committee's investigation, likely into J.P. Morgan's relationship with Jeffrey Epstein.
People (6)
| Name | Role | Context |
|---|---|---|
| President Reagan | Former US President |
Mentioned in historical comparison regarding debt ceiling debates.
|
| Reid | US Senator (Harry Reid) |
Co-author of the 'Reid-McConnell plan' and 'Reid Plan'.
|
| McConnell | US Senator (Mitch McConnell) |
Co-author of the 'Reid-McConnell plan'.
|
| Obama | US President (Barack Obama) |
Mentioned in 'Obama-Boehner plan' and 'President's budget'.
|
| Boehner | Speaker of the House (John Boehner) |
Mentioned in 'Obama-Boehner plan' and 'Boehner 1 Plan'.
|
| Gang of Six | Bipartisan group of Senators |
Authors of a specific debt reduction plan analyzed in the document.
|
Organizations (10)
| Name | Type | Context |
|---|---|---|
| J.P. Morgan |
Author of the document (Eye on the Market report).
|
|
| J.P. Morgan Private Bank |
cited as a source for data/charts.
|
|
| White Castle |
Used as a metaphor for a bad reaction to news.
|
|
| Congressional Republicans |
Mentioned in the context of the Reagan era debt debate.
|
|
| Federal Reserve |
Mentioned regarding demand for debt and yields.
|
|
| OMB |
Office of Management and Budget, cited as data source.
|
|
| BEA |
Bureau of Economic Analysis, cited as data source.
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|
| CBO |
Congressional Budget Office, cited as data source and baseline reference.
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| Tax Policy Center |
Cited in footnote regarding AMT estimates.
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| House Oversight Committee |
Implied by the Bates stamp 'HOUSE_OVERSIGHT'.
|
Timeline (1 events)
Locations (2)
| Location | Context |
|---|---|
|
Subject of the economic analysis.
|
|
|
Mentioned in the topics header regarding a bailout plan.
|
Key Quotes (3)
"This is a disingenuous argument; in the 1980's, the debt ceiling being debated was 50% of GDP, and had no bearing on the solvency of the United States."Source
HOUSE_OVERSIGHT_025221.jpg
Quote #1
"Today, the proposed increase raises the debt limit twice as high, measured relative to GDP or government revenues."Source
HOUSE_OVERSIGHT_025221.jpg
Quote #2
"Debt limit legislation is a rocky but healthy way for a democracy to decide whether mega-deficits are in the long-term public interest."Source
HOUSE_OVERSIGHT_025221.jpg
Quote #3
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