From: Jes Staley Sent: Wednesday, December 28, 2011 1:59 AM To: Jeffrey Epstein Subject: Fwd: Re: something I wrote =oday Begin forwarded message: From: =/b>"Zuccarelli, Jennifer R" Date: December 27, 2011 5:13:49 PM =ST To:" . ></=iv> =div style="word-wrap: break-word; -webkit-nbsp-mode: space; =webkit-line-break: after-white-space; "> This is good. I really like it. But =epends where you want to say it. Is this for a closed press =peech? From: Jes Staley IImailtol To: =uccarelli, Jennifer R Subject: =br> Sent: Tuesday, December 27, 2011 05:08 PM =/div> This is something I wrote up. What do you think =div> =div> " =ast week, with the European Central Bank's extension of three year =unding to any and every European bank, backed by almost any and all =ollateral, even collateral with short maturities, Paul Krugman has now run the table. =nbsp;For with this move, the ECB has joined the Federal Reserve Bank of =he United States in adopting the most aggressive monetary policy =e have seen in our life time. Between QE2/twist, and now the move =y the Europeans, we are going to witness an enormous, expansive, and =ctive push by the world's two great Central Banks to get the economies =f the world going. It is part of Paul Krugman's plea that governments in Europe =nd the U.S. do whatever is necessary, to get economic growth. =nbsp;While Krugman may sound, in his weekly pieces in the New York =imes, like he is fighting a losing battle with cold hearted rightest =nd economic fundamentalists, he actually has been winning in the bigger =icture. While the firscal outlook may not be great in Europe, it =till has one of the greatest safety nets of any modern society. =nbsp;And if you missed it, in the U.S. we have generated one of the =ountry's biggest annual deficits with a little fiscal push of our own. =nbsp;And now, both Continents are about to try the greatest exercise of =riniting money that modern democracies have seen. =div> EFTA_R1_00