From: US GIO To: Undisclosed recipients:: Subject: JIPMorgan View 11.18/011 Date: Fri, 18 Nov 2011 22:46:07 +0000 Attachments: WM_View_II.18.20II-pdf.zip Inline-Images: image003.png .1P Morgan The J.P. Morgan View EMU now more clearly in a liquidity crisis. affecting all • Fealties Ot GOP poirth in US rind to ".4%, eve, ittCO oat protthly only 2%. %reduce UK 3112 growth from 0.8% to054.•ith mini-recemion h111. • Poettotkr stroke —Near -min %Wadleyas EMUMan rant • Mal Immo — Scottie nxenrooni foot UK gib. owe 1GB. • Writ — Coachmen focus on colony ndes flooring Germany and MCA. • &all — Set French bast boob v• OATS loot antne in veil( good. and .cry had tam Wise world. 1 amigo, nettle — We remainshort E(TUIPytlnolghgfion to ledge :try attune. In FAIIVIV. • (''aimdale,-We Laseour WTI tomcat to ref ectOWVIC% that Me Brtnt- Voll sweat 'horrid nary.* to only SIAM by deed or neat year. • Marko :canon extremely wink arid manors to tenet lathe blew polrwal watementatot it bnope on saki wit of well not. ot should or drool not, do %ha to melte the Ewa, noting' debt cmi. Etalltale dots we ate tend the gory, owlet tally the US. wit supportive for oak market,. but were uutahoutol by the Mescal dam m Ewupr. km mg tuba aut. omit- tang)' Stun over the wet. • lS amvin data continue to impress. reline to orbdued expectauont. ri d are tuning our lorecata torQ4 up to 3%. even m we &minty Q3 to only Y.F. The a•tanar for 112 soya at 25%. muchbat than the I% p. t we Footled oily MO months ago, This good rem Infirm< thr ghde path of the etoromy wto 2012, tat *eV doe. nee Mott the downide nit due to Jr exprint an outer of focal stimehm meager. el the cal ot Om yew. There rmtaim m Oa, of compantaile in Wrolingkm an the 2012 buddy.* nor on the Sut,in,orninteselTat M iedaceihe layearour deficit Or SI 3trillion. One could hope that both rider know the nation reed, clarity and will compronMe at to lao minute, tot dos it tune our Slonday should bring !WM fr