Rising Gas Prices
U.S. Money Fund Exposure to Euro Zone
Last week:
How much has U.S. money market fund exposure to the Euro zone increased since December 2011?
Answer:
U.S. money market fund exposure to the Euro zone has increased 15% since December 2011.
Next week:
How much did 10-year Italian bond yields fall between the first and second LTRO?
Source: Fitch Ratings, J.P. Morgan Asset Management
Iranian Exports
Last week:
Petroleum products account for about 80% of Iranian exports. What are the major destinations for Iranian exports?
Answer:
According to the EIA, China, India and Japan accounted for a combined 53% of Iranian exports in 2010. Exports to Japan and India fell in the first half of 2011 as sanctions began to impact trade financing, a trend that looks set to continue.
Next week:
How much has U.S. money market fund exposure to the Euro zone increased since December 2011?
Source: EIA, J.P. Morgan Asset Management
2013 Tax Rate Could Top 43% for Investment Income
Last week:
Under current law, what will be the top marginal tax rate starting in January 2013?
Answer:
Top marginal tax rates are set to revert back to 39.6% at the start of next year, but an additional 3.8% tax on unearned income (enacted as part of Obama’s healthcare reforms) will bring top tax rates on investment income to 43.4%.
Next week:
Petroleum products account for about 80% of Iranian exports, what are the major destinations for Iranian exports?
Source: CBO, J.P. Morgan Asset Management
January Employment Report
Last week:
The January employment report showed that there were 12.8 million unemployed people; when was the last time the number of unemployed people was this low?
Answer:
This was the lowest level of unemployment people since January 2009.
Next week:
Under current law, what will be the top marginal tax rate starting in January 2013?
Source: Federal Reserve, J.P. Morgan Asset Management
Economic and Capital Markets Commentary

{for client use only – please email for your copy}
Debt Globe
The countries of the world sized according to the amount of government spending.
Source: The Economist

