HOUSE_OVERSIGHT_025246.jpg

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Extraction Summary

5
People
14
Organizations
7
Locations
1
Events
1
Relationships
3
Quotes

Document Information

Type: Financial market report / newsletter
File Size: 3.49 MB
Summary

This document is page 5 of a J.P. Morgan 'Eye on the Market' report dated April 9, 2012, authored by CIO Michael Cembalest. The report discusses US market valuations (P/E multiples) and expresses significant concern regarding Spain's economic stability compared to other European nations like Greece and Ireland. The document bears a Bates stamp 'HOUSE_OVERSIGHT_025246', indicating it was obtained during a House Oversight Committee investigation, likely regarding J.P. Morgan's internal records.

People (5)

Name Role Context
Michael Cembalest Chief Investment Officer
Author of the 'Eye on the Market' report.
Kevin Brady Representative
Cited in sources regarding 'States of Bankruptcy' report.
Jim DeMint Senator
Cited in sources regarding 'States of Bankruptcy' report.
DeLong Academic (Berkeley)
Cited in sources regarding 'Fiscal Policy in a Depressed Economy'.
Summers Academic (Harvard)
Cited in sources regarding 'Fiscal Policy in a Depressed Economy'.

Organizations (14)

Name Type Context
J.P. Morgan
Publisher of the report.
JPMorgan Chase & Co.
Parent company mentioned in disclaimer.
Morgan Stanley
Source of analyst forecasting data.
Apple
Mentioned as a major contributor to S&P returns.
Standard & Poor's (S&P)
Index referenced for returns.
FactSet
Source for EPS chart.
Joint Economic Committee Republicans
Source of cited report.
Pew Center
Source of cited report.
Moody's
Source of bond default data.
IMF
International Monetary Fund, source for Spain data.
OECD
Source for economic data.
World Bank
Source for labor rigidity data.
CEPS
Source for housing overhang data.
ECB
European Central Bank, mentioned regarding financing for Spain.

Timeline (1 events)

April 9, 2012
Publication of J.P. Morgan 'Eye on the Market' report.
New York (implied by J.P. Morgan HQ)

Locations (7)

Location Context
USA
Subject of Q&A in title.
Primary focus of economic concern in the report.
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 structural problems.

Relationships (1)

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

Key Quotes (3)

"The place that worries me the most: Spain."
Source
HOUSE_OVERSIGHT_025246.jpg
Quote #1
"Spain has defaulted 13 times since 1500 AD; it’s probably going to take a lot of bilateral aid and ECB financing to prevent another one."
Source
HOUSE_OVERSIGHT_025246.jpg
Quote #2
"According to Morgan Stanley, analysts are forecasting the highest percentage of companies posting 2013 margin expansion since 1970, and by a very wide margin."
Source
HOUSE_OVERSIGHT_025246.jpg
Quote #3

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