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.
This document is an email fragment containing the professional signature block of Paul V. Morris, a Managing Director at Bank of America Merrill Lynch (The Morris Group). It includes his office address at One Bryant Park and a standard legal disclaimer regarding email confidentiality. The document is stamped with the Bates number HOUSE_OVERSIGHT_016419.
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