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3.82 MB
Extraction Summary
7
People
11
Organizations
12
Locations
3
Events
3
Relationships
4
Quotes
Document Information
Type:
Financial market commentary / internal note
File Size:
3.82 MB
Summary
This J.P. Morgan 'Eye on the Market' document from August 2011 shares an internal note regarding severe market setbacks and the global recovery. It analyzes the European debt crisis, specifically Italy's debt and the ECB's stance, discusses the 50-50 odds of a US recession, and outlines the firm's defensive investment strategy of underweighting European assets and reducing equity exposure.
People (7)
| Name | Role | Context |
|---|---|---|
| Mary | ||
| Marty Feldstein | ||
| Boris Yeltsin | ||
| President Clinton | ||
| Trichet | ||
| Merkel | ||
| George Washington |
Organizations (11)
| Name | Type | Context |
|---|---|---|
| J.P. Morgan | ||
| Private Bank | ||
| ECB | ||
| Bundesbank | ||
| Moody’s | ||
| Harvard | ||
| Bridgewater Associates | ||
| CBO | ||
| Central Banks | ||
| Treasuries | ||
| Congress |
Timeline (3 events)
Aspen Insights conference
Debt ceiling debate
Summer of 1998 Russian financial crisis
Relationships (3)
Key Quotes (4)
"Today, Italian equity markets sold off sharply and were eventually shut down after the ECB (for now) rejected being the buyer of last resort for Italian government bonds"Source
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Quote #1
"Will there be another recession in the US? Our friend Marty Feldstein at Harvard puts the odds at 50-50."Source
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Quote #2
"Do not blame today’s events on the debt ceiling debate, US politicians or European regulators."Source
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Quote #3
"we would risk underperforming if there was a strong equity rally, out of concerns about the macroeconomic landscape"Source
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Quote #4
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