From: US OIOØ

From: US OIOØ To: Undisclosed recipients:; Subject: 1PM View 10.21.2011 Date: Fri, 21 Oct 2011 20:52:41 +0000 St tachnicnts:1PM_View_10.21.201l-pdf.zip 'dine-Images: image033.png i1 J.P. Morgan The J.P. Morgan View A beginning to tho ond of mo ouro crisis • utehov— Wc lake el in the bind area In VA. bud lime: 3.112 (hind t, 0n. A Euro an a reemsion Iranian ver (unman. hirtfolle id rainy — May king risky ase( m hen Ply dau noun Mier Man feared. snd adds Inver final compromoni in En owe and the US • Alm< I 'bonnie V* mora fly *nation in AM, in in OM latnitim Opna nvetwngbt n I'M sy nMemoaie, • Cretin — We .ray oplois Mc as de ecumenic and let:Inv:al picture imposes. Neat frond Amid lunt inflow a lid testa doh. our VW OCT' vs IS III% taint tuba«. — Slay lung the yen. Commis< — The physical capper marker is showing signs that the global &fond penn is melanins • ('enlua reg minim anda 'milieu nankin. on wine the HI Summit si mkt or nand inn de I isci whit:sanest [du kekall wick. but hint 'atilt arid US mgt. its tet up Meat market puns:maims niused to parting-nit and are unapt) waning fix Europe to nuke up million] The normally high iunelanim tam, ten d drain! Ink markets in m In periods was there foie tot re Ct Welke - What norm< (spirt from Lampe nisi nvek? lins wiekind wit I Innis priaJuite decisions im the Creek tin nut (close to 50% I and quite pinta yin bight. opal ratios id he atiewd by 1.1." baby's, the middle ni nest >eat The des noonu. hum to lap wc funding of Mush' hateci got b, ksenuyng IM b FS A «nu is, have bees pinned to o «mind su mina on We some .run ardent, on motugg altlt kiln* dCattiztitl owingtat ftka I policy are also gula pomildr. <kin h use ow sins. in Bari and Makk. flit Li swot/out 41 when it nise '. /W • fie big queuing, is w belher Ilimr smarties tun 'Malts mil the I- inn...0%w. 'Aim debt crisis that teyr in the afirrinithol the ZIIII7Ald (auk tal Oran WC Minh the (dd. are hivoraNc that nest vim k will define the start oflhe mail of iM ereign thN raids. tin( that this [Wine, smith: dnn n out ss ill have linhuda, w raa Isc vinvivas for smie tins:. aølw Pll sot pia tent rape fawn tatting into recession again. as hanks A•kvn and uualnuY helm has. • h hat Ismailia. sm. Out Europe medial to come right to the tidy- of dinar« twiner n ss mid he Iarced to make tir patois! (kronor., nencimry to reverse the engis. Europe Ism the NMI/nine, 10 a: bieVe the. It pin needs to have Jr rt‘litte al will to dom This inquire( ffiai mine å I emaii sen right n y, ,er face. ond thin pi's:no:minim is no tannic' Imo Ole It is oin perception that these so...Jeans in plar astay ille renal' the world is n 'naming. lir a solution nitus,. Che Fun. debt :iv.n a. a sinsY I Amnia that talt hang all dew n has quite imitable the rest of die world is willing se help thaugh the IMP We Ire Ilia< coins/pi« the urvagg &saga-can-oh still es bier< between Frame and linmo> and the postponing it the worm aid 10 next Weilimclay as sign. lin enrol pay sabot a indicated by an See page 7 for analyit califs:non and intriarlaaa kgail and mg. beery Midair" Giobauteittanocation JP larkpanC~O•tak NA J Simons LW. Oa 71 JII k'' Nikolaos Pani ~glee ain nn Yeell~~019 ZOI Gal LA w5n Cram ms ran mom tin,* One< Om &Sr laa acwir US 'arse fused, Futati• Fide htedif IS tan saPsco rara WO IN WOat Mar inSO En< Ørar Tcpd ukik ~km ~a. ao vas orka ~a se var. Ss see ran Ibila Mix VII. ~in, illen so Pi N. Pe at lots it www morganrnarkelseom This email is confidential and subject to important disclaimers and conditions includin on offers for thepurchase or sale of securities, accuracy and completeness of information, viruses, confidentiality, legal privilege, and legal cntity disclaimers, available EFTA01170206