The document is a market commentary by J.P. Morgan's Chief Investment Officer, Michael Cembalest, discussing various economic topics including the Federal Reserve's zero interest rate policy, the impact of quantitative easing on savers, the investigation into S&P's downgrade of U.S. debt, and predictions about gold prices. It critiques the Fed's policies and highlights the unintended consequences of quantitative easing on middle-income families. The commentary also discusses the political and economic implications of the U.S. debt situation and the potential for a recession.
documents/EFTA01070576.pdf
{}