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J.P. Morgan Eye on the Market 2/27/2012: Dire Straits
email TEXT-001-HOUSE_OVERSIGHT_031146.txt Feb 27, 2012 House Oversight Committee — Epstein Estate Records (Nov 2025)

…Information Agency E&P Exploration and Production GAO Government Accountability Office IEA International Energy Agency OECD Organization for Economic Cooperation and Development OPEC Organization of Petroleum Exporting Countries SWIFT Society f...

Financial Experts Tend to ‘Assume What Can Go Wrong
document IMAGES-006-HOUSE_OVERSIGHT_020964.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

Financial Experts Tend to ‘Assume What Can Go Wrong, Will Go Wrong, and Usually Manage Expenses in that Way e In projecting scenarios, financial experts would note that USA Inc.’s revenue and expenses are highly correlated to economic changes — for example, a 0.1 percentage poi...

Translated by Donna Lee Hicks
document TEXT-001-HOUSE_OVERSIGHT_025094.txt Nov 8, 2015 House Oversight Committee — Epstein Estate Records (Nov 2025)

…anguagesolutions.com RPE No. 30793 Cuba in its new stage: SWOT Analysis Fundacion Internacional para la Libertad ("International Foundation for Freedom") New York, 8 November 2015 On August 14th, 2015, the United States flag was raised in Havana, formally reestablishing diplomati...

Economic Research: How Increasing Income Inequality Is Dampening U.S. Economic Growth, And Possible
document IMAGES-008-HOUSE_OVERSIGHT_025785.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…The globalization of the world economy may have affected the distribution of wage rates at home. The U.S. has seen international trade and immigration increase in the past few decades, as well as an increase in the consumption of imported goods. Theoretically, an increase in impo...

On today's financial market developments
email TEXT-001-HOUSE_OVERSIGHT_031156.txt Aug 4, 2011 House Oversight Committee — Epstein Estate Records (Nov 2025)

…wer this year. With risk to spend held in reserve, there are oversold assets with considering, particularly among multinationals with strong balance sheets, high dividends and which trade at very low multiples, something we reviewed earlier in the week.” Michael Cembalest Chie...

Re: World economy growth interesting reading
email IMAGES-006-HOUSE_OVERSIGHT_021231.txt Jul 11, 2009 House Oversight Committee — Epstein Estate Records (Nov 2025)

…t somebody else has it worse. And as wretched as the U.S. economy seems, it's not as bad as in other regions. The International Monetary Fund's latest tally of world economic conditions forecasts a 2.6 decline in U.S. economic output for all of 2009, and anemic growth of 0.8 per...

S&P 500 (24 Oct): 1,409 (last publication: 1,433)
document IMAGES-008-HOUSE_OVERSIGHT_025261.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

US equities S&P 500 (24 Oct): 1,409 (last publication: 1,433) UBS View S&P 500 (6-month target): 1,460 ¢ We keep our preference for US equities relative to other developed equity markets. Earnings continued to hold up better than in other regions during the recent economic slow...

High yield corporate bonds
document IMAGES-008-HOUSE_OVERSIGHT_025274.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

High yield corporate bonds Preference: overweight Spread USD HY (24 Oct): 540bps (last month: 573bps) UBS View USD HY spread target (6-month): 475bps ¢ We reiterate our spread target of 475bps based on still robust corporate fundamentals, a favorable technical backdrop and the...

Germany. -6.2 -0.6
document IMAGES-006-HOUSE_OVERSIGHT_021232.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…ise from one year ago, when it was an unremarkable 5.5 percent. And by most accounts, it's going to get worse. The International Monetary Fund expects the U.S. unemployment rate to be 10.1 percent in 2010. Economist Gary Shilling thinks unemployment will hit 11.4 percent and not...

This is a little unorthodox, but here is the text of an internal note that I just sent to our integr
document TEXT-001-HOUSE_OVERSIGHT_025229.txt Aug 4, 2011 House Oversight Committee — Epstein Estate Records (Nov 2025)

…ower this year. With risk to spend held in reserve, there are oversold assets with considering, particularly among multinationals with strong balance sheets, high dividends and which trade at very low multiples, something we reviewed earlier in the week.” Michael Cembalest Chief...

Preference: neutral
document IMAGES-008-HOUSE_OVERSIGHT_025262.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

Eurozone equities Preference: neutral Euro Stoxx (24 Oct): 247 (last publication: 247) UBS View Euro Stoxx (6-month target): 249 ¢ We keep our neutral stance on Eurozone equities. While the sovereign debt crisis remains a risk factor (see slide 8), the conditional bond buying...

Prefer small-/mid-cap buyouts in US/emerging markets
document IMAGES-008-HOUSE_OVERSIGHT_025288.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

Private equity Prefer small-/mid-cap buyouts in US/emerging markets; UBS View distressed debt in Europe ¢ Global M&A volume has continued its downward trend since Q4 2010, falling by -20% quarter-by-quarter in Q3 2012, with a drastic decline in Europe of -46%, the third lowest q...