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Former JPMorgan head of government relations Tom Block put together this
graphic – which Tom Lee included in his latest note to clients – showing the bank’s estimated probabilities on four different fiscal cliff outcomes, conditional on who wins the presidential election in November.
So conveys Matthew Boesler (www.businessinsider.com) in edited excerpts from his original post*.
Lorimer Wilson, editor of www.munKNEE.com (Your Key to Making Money!) has edited the article below for length and clarity – see Editor’s Note at the bottom of the page. This paragraph must be included in any article re-posting to avoid copyright infringement.
Boesler’s post continues as follows:
JPMorgan
Below is JPMorgan chief U.S. economist Michael Feroli’s estimates on how GDP growth would be impacted under each of the four outcomes outlined above:
JPMorgan
Conclusion
Even in their base case, JPMorgan is looking for a 0.5 percent reduction in GDP growth in the first quarter of 2013 followed by a 0.3 percent reduction in the second quarter from the effects of the fiscal cliff.
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*http://www.businessinsider.com/jpmorgan-four-fiscal-cliff-outcomes-affect-gdp-infographic-2012-8#ixzz23AXF11tU (To access the above article please copy the URL and paste it into your browser.)
Editor’s Note: The above post may have been edited ([ ]), abridged (…), and reformatted (including the title, some sub-titles and bold/italics emphases) for the sake of clarity and brevity to ensure a fast and easy read. The article’s views and conclusions are unaltered and no personal comments have been included to maintain the integrity of the original article.
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