From: US GIO To: Undisclosed recipients:; Subject: .111Morgan View 12.02.2011 Date: Sat, 03 Dec 2011 00:18:04 +0000 Attachments:IPM_View_12.02.2011-pdf.zip Inline-Images: image003.png The M. Morgan View Is this it in Europe? • Ettansicks— US growth two& Out to ISM and a likely eliminator the pmaota L3X cut IS °Met by pellet wtakerns vi Asia. We doodsnde Ouzo and lapin mouth • Poeffell• water • • The IlltaV CO tilt Dec 0 SUSII41110 wan blab ywhnak aster. Imp. ted a, before. could then eadly kat* to some dnappetnanent Jan L John Normand details will be lackm Nikoleos Pan' froglou • Eked Itirant — The tepe:eed paean cline, rte wmunit hope, (Mowed diumommoom apnea kw wine caeca m. Lora EM! tmesis • I:Achim —EPS row* ornyetfommme hat oemotred users's", this mve Seamus Mat Gamin Iles theme of US (lushes oatimforentair w likely to centime tato 2012 • CrtrIlt — A spike la *lash rases sti•ents lanntwan ohm ink profile lac,Muy Ilmalwvo Lehmann • Fenian cutout. - Suydam EURAPY el Main lardirt • Conuwarlitiow — Inn trauma nears the ask of an oil stipply shock. Boy bind calls lad be liar tees ss. bow metals Lao Evans • ADet a week of bad mamma: and policy new> we tot a bre recrosal VIU ritr113 Magi, OM week stint begirt US amity data and *gm of sospendamt conipoonwse, fiscal peen-at bath ode, of dr Ailannc &penes. emit,. conmiodinei EM ...coshes a a IOISS Gad abut FX sad vitro eta truck Al mops bock op, fully madam? the Amur of the mentms week The doilat and inset brad mskets was down EMIG US Fair Valet • Nance how the Genius bond unorket henjoined the rbky owls feally meet. week, Burnt now may Mien necks to op (IS 'hewer, and the US dote at as teal safe awn left tell off whew clock. rally Tins will taILIsa die Us at Gat. CASS Go. loaf can a bit, a, F411O per,- yokert mull don ay ommostweit m the Faso area chfault and that csamitabe ramp lw the ECB lairs the 'ilk of in:bum nen an mil ona Ulu u m tetmston Elf loos Boar IS HO nal