{
  "docId": "019dd923-622c-750b-8b9b-4832cdb3e662",
  "docSlug": "600406034f02",
  "documentTitle": "Mall REIT sector (long General Growth Properties) (GGP)",
  "authorId": "01_Pershing_Square",
  "authorName": "Pershing Square Capital Management",
  "documentKindSlug": "conference-presentation",
  "documentKindLabel": "Conference presentation",
  "sourceTypeSlug": "activist_investor",
  "sourceTypeLabel": "Activist investor",
  "presentationDate": "2009-12-07 00:00:00",
  "orientation": "portrait",
  "aspectRatio": 0.77272725,
  "pageNumber": 11,
  "pageCount": 68,
  "prevPage": 10,
  "nextPage": 12,
  "slideType": "key_takeaways",
  "function": "analyze_data",
  "density": "balanced",
  "nDataPoints": 2,
  "notes": "The slide uses a line chart for interest rate spreads and a stacked bar chart for bond issuance volumes.",
  "elementsJson": [
    "headline_text",
    "callout_box",
    "line_chart",
    "bar_chart_stacked",
    "footnote"
  ],
  "metadataConfidence": 1,
  "imagePath": null,
  "slideHref": "/slides/019dd923-622c-750b-8b9b-4832cdb3e662/11",
  "deckHref": "/decks/019dd923-622c-750b-8b9b-4832cdb3e662",
  "deckJsonHref": "/decks/019dd923-622c-750b-8b9b-4832cdb3e662.json",
  "deckAnchorHref": "/decks/019dd923-622c-750b-8b9b-4832cdb3e662#slide-11",
  "components": [
    {
      "bbox": {
        "h": 0.08,
        "w": 0.82,
        "x": 0.09,
        "y": 0.22
      },
      "kind": "callout",
      "text": "Overnight bank lending markets have stabilized and debt issuance is beginning to pick up",
      "attrs": null,
      "subkind": "primary",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "cd7d1566-a25b-4737-820d-45779b8f9f74",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.4,
        "w": 0.4,
        "x": 0.52,
        "y": 0.37
      },
      "kind": "chart",
      "text": "Corporate bond issuance (bn$)",
      "attrs": null,
      "subkind": "bar-stacked",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "192954b2-25bc-41b4-9dec-d62bf117f688",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.4,
        "w": 0.4,
        "x": 0.08,
        "y": 0.37
      },
      "kind": "chart",
      "text": "Spread between 3mth Libor and 3mth OIS rate (bp)",
      "attrs": null,
      "subkind": "line",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "6f15854c-8163-46ef-be4e-3c3bffd377b9",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.02,
        "w": 0.35,
        "x": 0.07,
        "y": 0.91
      },
      "kind": "source-note",
      "text": "Source: FRB, FDIC, Haver Analytics, Barclays Capital (November 2009).",
      "attrs": null,
      "subkind": null,
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "443aa971-5823-4009-9b91-dd4b45ea6833",
      "frameworkName": null,
      "frameworkSlug": null
    },
    {
      "bbox": {
        "h": 0.04,
        "w": 0.35,
        "x": 0.08,
        "y": 0.13
      },
      "kind": "title",
      "text": "Financial Markets Normalizing",
      "attrs": null,
      "subkind": "headline",
      "toolName": null,
      "toolSlug": null,
      "confidence": null,
      "componentId": "fecbebff-5d8f-41fd-a51b-5a460293c5ec",
      "frameworkName": null,
      "frameworkSlug": null
    }
  ],
  "metrics": [],
  "tools": [
    {
      "name": "Chartjunk Elimination",
      "slug": "chartjunk-elimination",
      "agent": "Designer",
      "layer": "slide",
      "matchId": "4bcc48cf-a36a-4dac-93d1-986bd153a3e9",
      "evidence": "chart/line: Spread between 3mth Libor and 3mth OIS rate (bp); chart/bar-stacked: Corporate bond issuance (bn$)",
      "confidence": 0.7
    }
  ],
  "frameworks": [],
  "arcBeats": [
    {
      "to": 19,
      "from": 10,
      "beatId": "8dcb8591-adbe-477a-b14b-031fa8ab76db",
      "arcName": "Problem-Agitate-Solution",
      "arcSlug": "problem-agitate-solution",
      "beatName": "Situation & Context",
      "beatSlug": "consultants-gambit-situation-context",
      "evidence": "The presentation provides context and situation analysis by discussing the improvement in credit markets and the performance of REITs.",
      "position": 2,
      "confidence": 0.8,
      "parentBeatName": "Setup",
      "parentBeatSlug": "setup"
    }
  ],
  "loops": [],
  "imagePathAlt": null,
  "thumbSrc": null,
  "thumbSrcAlt": null,
  "locked": true
}