Gordon T Long

RESEARCH ANALYTICS for the GLOBAL MACRO

|   TIPPING POINTS   |  COMMENTARY  READER ROADMAP | SWAP SENTINEL   | 

 

MONTHLY NEWSLETTER

FREE OPEN ACCESS

THIS MONTH ONLY

SEPTEMBER ISSUE - 35 PAGES

 MONTHLY MARKET COMMENTARY

 

INVESTING ONLY

BOOKSTORE


Bookmark and Share 

LCM GROUPE

SITE ACCESS

ANALYTICAL SERVICES


Fibonacci - W.D. Gann

Elliott Wave - J. M. Hurst


Fibonacci series and spiral

Developers of Chaos Theory

& Mandelbrot Generator

Algorithms

 

APPLICATION FOCUS

 

 


 

READ ALL THE

"EXTEND & PRETEND SERIES"

 

 

Shifting Risk to the Innocent

 

Uncle Sam, You Sly Devil!

 

Is the US Facing a Cash Crunch?

 

Gaming the US Tax Payer

 

Manufacturing a Minsky Melt-Up

 

Hitting the Maturity Wall

 

An Accounting Driven Market Recovery

 


 

 

 

 A MUST READ FOR ANY UNDERSTANDING

of the current

GLOBAL MACRO ECONOMIC

ENVIRONMENT

 


 

READ ALL THE

"SULTANS OF SWAP"

 

ACT I

Sultans of Swap: Smoking Guns!

ACT II

Sultans of Swap: The Sting!

ACT III

Sultans of Swap: The Get Away!

 

 

ALSO

SULTANS OF SWAP: Explaining $605 Trillion in Derivatives!

 

SULTANS OF SWAP: Fearing the Gearing!

 

FOR UPCOMING SHOW TIMES SEE: COMMENTARY

 


 

 

 

 

FREE INTRODUCTORY

MAILING

 

Current Thesis Advisory

62 pages

 

EXTEND & PRETEND

 

Click page to view Index

 

Contact Us

 

Add Promo Code: "Introduction"

in the Subject Heading

 

 

The Latest Monthly

 

MONTHLY MARKET COMMENTARY

12 pages

 

Click page for Front Page

 

Contact Us

 

Add Promo Code: "MMU"

in the Subject Heading

 


FREE INTRODUCTORY

ACCESS

 

FACEBOOK

 

 

DAILY TIPPING POINT ARTICLE POSTS

 

SAMPLE PAGE

 

Click page to view Index

 

Contact Us

 

Add Promo Code: "Facebook"

in the Subject Heading

 

 


 

CUSTOMIZE YOUR RESEARCH EFFORTS

 

TIPPING POINT

TAG ENGINE

 

Click page to view Index

 

Free Access to Our Tag Engine for detailed research behind our Tipping Points.

 

OVER 1000 ARTICLES INDEXED

each with an

Executive Summary - Abstract

 

SAMPLE

Click page to view Index

 

Contact Us

 

Add Promo Code: "Tag Engine"

in the Subject Heading

 

  Bookmark and Share


 

 

 

 

 

 

 

                    LATEST PUBLICATIONS

RSS 

COMMENTARY for all articles by Gordon T Long

 

INNOVATION: America has a Structural Problem

gave President Barrack Obama six months to roll-out his doomed Keynesian policies, twelve months to discover they were flawed and eighteen months to realize that the solution to America’s problems must lie within a different economic framework. I had hoped by the end of twenty-four months to see new policies closer to an Austrian economic philosophy emerge. I was wrong.

 

Though, even the Wall Street Journal recently featured an article on the re-emergence of the Austrian School of Economic philosophy, it would appear that President Obama’s administration still neither gets it, nor I am afraid ever will.

Key defections by his leading economic advisors, talk of the need for QE II and a Stimulus II, and a political collapse in public confidence suggests a growing awareness that Keynesian policies are not working, as many predicted they wouldn’t. Obama's exciting rhetoric of Hope and Change has left myself and the majority of recent polled Americans disillusioned and disappointed. What I see the administration failing to grasp is twofold:

 

I-America has a Structural problem, not a cyclical business cycle problem. Though the cyclical business cycle was greatly worsened by the financial crisis, I would argue that the structural problem facing the US is actually a contributor to what caused the financial crisis.

 

II- America has a Credit demand problem, not a Credit supply problem. It isn’t that the banks won’t lend, but rather that few can any longer afford or qualify (on any reasonably and historically sound basis) to borrow. READ MORE

   

 

PRESERVE & PROTECT: Mapping the Tipping Points

The economic news has turned decidedly negative globally and a sense of ‘quiet before the storm’ permeates the financial headlines. Arcane subjects such as a Hindenburg Omen now make mainline news. The retail investor continues to flee the equity markets and in concert with the institutional players relentlessly pile into the perceived safety of yield instruments, though they are outrageously expensive by any proven measure. Like trying to buy a pump during a storm flood, people are apparently willing to pay any price.  As a sailor it feels like the ominous period where the crew is fastening down the hatches and preparing for the squall that is clearly on the horizon. Few crew mates are talking as everyone is checking preparations for any eventuality. Are you prepared?

 

What if this is not a squall but a tropical storm, or even a hurricane? Unlike sailors the financial markets do not have the forecasting technology to protect it from such a possibility. Good sailors before today’s technology advancements avoided this possibility through the use of almanacs, shrewd observation of the climate and common sense. It appears to this old salt that all three are missing in today’s financial community.

 

Looking through the misty haze though, I can see the following clearly looming on the horizon.

Since President Nixon took the US off the Gold standard in 1971 the increase in global fiat currency has been nothing short of breath taking. It has grown unchecked and inevitably became unhinged from world industrial production and the historical creators of real tangible wealth.  READ MORE


READER ROADMAP -  2010 TIPPING POINTS aid to positioning COMMENTARY

 

 

 

POSTS:  FRIDAY 09-10-10

Last Update: 09/12/2010 05:48 AM

SCHEDULE: 1st Pass: 5:30AM EST, 2nd Pass: 8:00 AM, 3rd Pass 10:30 AM. Last Pass 5:30 PM

ARTICLE SOURCE 1 2 3 4 5 6 7 8 9 10
                       
Osborne talks tough on cutting benefits FT X                  
ECB tries to stabilise the cost of Irish borrowing Indepe UK X                  
Ireland breaks up Anglo Irish as EMU debt jitters return Telegraph X                  
Ireland Is 'Punished' for Honesty CNBC X                  
Japan Plans to Seek Discussions With China on Bond Purchases Bloomberg X                  
                       
Nine States Did Not File Initial Claims Data Due To Labor Day, Hundreds Of Thousands Of Estimates In Data "Beat" ZH X                  
Visualizing The Propaganda "Error Term" Behind The Bureau Of Labor Statistics ZH X                  
Deutsche lines up pre-Basel rights issue     X                
Deutsche Bank Said to Weigh Share Sale to Raise as Much as $11.4 Billion Bloomberg   X                
The First To Defect Wins- Deutsche Bank Planning €9 Billion Capital Raise ZH   X                
Need for stable principal could keep stocks cheap vs bonds for years Forsyth     X              
Drunken, Rowdy Bond Market Is About to Be Ill: Mark Gilbert Gilbert     X              
Roach Says U.S. Action on Yuan Weakness May Spur China to Sell Treasuries Bloomberg     X              
$16 Billion 30 Year Auction Prices At 3.82%, 2.73 Bid To Cover, Primary Dealer Take Down Surges ZH     X              
Moody's: Bank writedowns at 2/3 of likely total AP           X        
BASEL III                      
Basel should stand firm FT           X        
Shake-up set to raise costs of borrowing FT           X        
Fears for German banks under new rules FT           X        
Bankers poised for Basel III accord FT           X        
Germany's Push to Delay Basel Capital Requirements Meets U.S. Opposition Bloomberg           X        
                       
ARTICLE SOURCE 11 12 13 14 15 16 17 18 19 20
                       
Jobs and recovery in the Great Depression VOX   X                
BAE to shed about 1,000 jobs FT       X            
China: Capital Spending Boom Ahead? BCAR             X      
Geithner Says China Needs to Let Market Drive Up Yuan Bloomberg             X      
Record Japan debt held Shanghai D             X      
China trade surplus in surprise drop FT             X      
Judging Obama, Geithner and Goolsbee Pimco                 X  
Falling Rates Aid Debtors, but Hamper Savers NYT                 X  
The "Ever-Expanding" Government Sector, Illustrated Econbrow.                 X  
Obama Added More to National Debt... WSJ                 X  
REMAINING                      
OECD Says Slowdown `More Pronounced' Than Anticipated Bloomberg                   22
Economists cut U.S. growth forecast again Reuters                   22
Speculators Sweet on Sugar, Cotton WSJ                   22
Coffee prices on the rise as futures hit 13-year high AP                   31
                       
BP OIL                      
                       
CENTRAL BANKING & MONETARY POLICY                      
Fed's Move to Buy Treasurys Posing Serious Risks: Mishkin CNBC                    
Goldman anticipates QE2 dollar weakness FT Alphav                    
What Should the Federal Reserve Do Next? WSJ                    
Fed Governor admits: We're useless BI                    
GENERAL INTEREST                      
                       
FLASH CRASH                      
Flash crash report: plunge still a mystery-sources Fox                    
What can be done to slow high-frequency trading FT                    
MARKET WARNINGS                      
Charting The Great Bear Market Fund Flow Vacuum ZH                    
No Volume- Don't Shut The Algos Just Yet ZH                    
P/E Expansion & Contraction Ritholtz                    
MARKET & GOLD MANIPULATION                      
IMF Resumes Direct Gold Dumping, Sells 10 Tons Of The Shiny Metal To Bangladesh ZH                    
VIDEO TO WATCH                      
                       
                       

Complete Legend to the Right, Top Items below.
Articles with highlights, graphics and any pertinent analysis found below.

 

1

         

1-SOVEREIGN DEBT

2-EU BANKING CRISIS
3-BOND BUBBLE

4-STATE & LOCAL GOVERNMENT

5-CENTRAL & EASTERN EUROPE
6-BANKING CRISIS II
7-RISK REVERSAL

8-COMMERCIAL REAL ESTATE

9-RESIDENTIAL REAL ESTATE - PHASE II
10-EXPIRATION FINANCIAL CRISIS PROGRAM
11-PENSION CRISIS

12-CHRONIC UNEMPLOYMENT

13-GOVERNMENT BACKSTOP INSUR.
14-CORPORATE BANKRUPTCY

TODAY'S TIPPING POINTS UPDATE

RED ALERT

AMBER ALERT

ACTIVITY

MONITOR

Click to Enlarge





09-10-10

 

 

1- SOVEREIGN DEBT & CREDIT CRISIS

 

SOVEREIGNS

 

 

UK

Osborne talks tough on cutting benefits  FT

 

Chancellor plans to axe £4bn more from welfare bill

 

IRELAND

ECB tries to stabilise the cost of Irish borrowing Ind 

 
Ireland is still facing the second highest borrowing costs (after Greece) in the eurozone

 

Ireland breaks up Anglo Irish as EMU debt jitters return Telegraph

 

Ireland Is 'Punished' for Honesty  CNBC

 
JAPAN

Japan Plans to Seek Discussions With China on Bond Purchases BL

 

USA

 

 

Nine States Did Not File Initial Claims Data Due To Labor Day, Hundreds Of Thousands Of Estimates In Data "Beat"  ZH

 

The BLS has announced that as a result of the Labor Day weekend, 9 states (among which the biggest one California) did not report initial claims data to the bean counters, so instead the government had to "estimate" what the data would have been: yep, estimate, what the data was in these nine states. From Bloomberg: "For the latest reporting week, nine states didn’t file claims data to the Labor Department in Washington because of the Labor Day holiday earlier this week, a department official told reporters. California and Virginia estimated their figures and the U.S. government estimated the other seven." Official data is now made up on the fly. This US economic data reporting has just entered the twilight zone. Also, when the data is officially made up, it is not that difficult to get data that is "better than expected." The full list of states is: DC, Illinois, Idaho, Hawaii, Oklahoma, Michigan, and Washington. California and Virginia estimated themselves.

 

Visualizing The Propaganda "Error Term" Behind The Bureau Of Labor Statistics  ZH

 

Yesteray's announcement by the BLS that it decided to flat out estimate nearly a third of all initial jobless claims (courtesy of several large outliers) due to a "clerical holiday" which resulted in a major beat to estimates, caught many offguard by just how tendentious and manipulative the US Department of Truth can be. This is nothing. To visualize just how ridiculous the perpetual upward bias is at the Labor Bureau, we present a chart demonstrating the weekly jobless claim revisions by the BLS: in a nutshell, 90%+ of the time the bureau has revised prior claims upward, meaning it consistently strives to create an optimistic picture at the moment, only to have it revised it to its true, uglier state a week later when nobody cares. The implication is that fraudulent (and we sure hope this is inadvertent, although a 90% error rate definitely would invite a criminal investigation into just who and how stands to benefit from such an manipulative upward bias) data reporting is responsible for a persistent upward bias in data, and that fundamentals have been disconnected from the "government's reality" for years, confirming that the recent pathological breakdown in the market's relationship with fundamentals is not a new development. For example: today stocks would be flat to down if the BLS were to report the initial claims as they really are. Instead, here we are, almost 1% higher on nothing but soon to be revised lies. In other news, the China-US data distribution Joint Venture/Vassal State development is progressing better than expected.

 

 

2- EU BANKING CRISIS

   

Deutsche lines up pre-Basel rights issue  FT

Bid to boost capital ratio by up to €9bn

 

Deutsche Bank Said to Weigh Share Sale to Raise as Much as $11.4 Billion  BL

 

The First To Defect Wins- Deutsche Bank Planning €9 Billion Capital Raise  ZH

 

Rumors circulating in the market that the biggest German bank, the one whose assets are about as large as the GDP of its host country, is considering a share sale of up to €9 billion. DB is rumored to have approached banks about arranging a stock sale, although the firm has still not decided to whether to pull the trigger. This development is nothing less than a direct response to Basel III which is expected to require European banks to shore up tens if not hundreds of billions in new equity capital. And as usual the first one loses the least. This only means that all the ugly toxic waste accumulated under the rug in Europe's financial institutions is about to emerge.

 

More from Bloomberg:

Deutsche Bank AG has approached investment banks to assess their interest in managing a stock sale to raise as much as 9 billion euros ($11.4 billion), said three people with knowledge of the discussions.

Germany’s biggest bank has yet to decide on the sale, said the people, who declined to be identified because the plans are confidential. The proceeds may be used to increase the bank’s stake in Deutsche Postbank AG and to meet rising regulatory capital requirements, the people said.

Deutsche Bank has the option to increase its almost 30 percent stake in Bonn-based Postbank, which currently has a market value of 5.6 billion euros. Deutsche Bank Chief Risk Officer Hugo Banziger said in an investor presentation in June that the Frankfurt-based bank would only raise capital for acquisitions.

Deutsche Bank spokesman Ronald Weichert declined to comment today. Deutsche Postbank AG Chief Executive Officer Stefan Juette, speaking at a banking conference in Frankfurt today, said he doesn’t know if or when Deutsche Bank may take over the lender.

In the past four years, Deutsche Bank acquired Berliner Bank AG, Nuremberg-based Norisbank AG and the Postbank stake, as well as ABN Amro Holding NV’s commercial-banking operations in the Netherlands and private wealth manager Sal. Oppenheim Group.

Basel Rules

Whether Deutsche Bank proceeds with a share sale will depend on the financing commitment it gets from different banks, one of the people said. Companies planning to sell stock typically seek to find securities firms to guarantee the offering, agreeing to buy stock that investors don’t order. Five banks, including Deutsche Bank, agreed to underwrite National Bank of Greece SA’s 2.8 billion-euro rights offering this week.

Proposed rules under consideration by the Basel Committee on Banking Supervision may also lead banks to raise reserves. Germany’s 10 biggest lenders, including Deutsche Bank and Commerzbank AG, may need about 105 billion euros in fresh capital because of new regulation, the Association of German Banks estimated on Sept. 6.

The lenders would need to raise that sum to reach an estimated 10 percent Tier 1 capital ratio, a key measure of financial strength, according to Dirk Jaeger, who is responsible for regulatory topics at the group.

 

3- BOND BUBBLE

 

Need for stable principal could keep stocks cheap vs bonds for years Forsyth

 

Drunken, Rowdy Bond Market Is About to Be Ill: Mark Gilbert Gilbert

 

Roach Says U.S. Action on Yuan Weakness May Spur China to Sell Treasuries  BL

 

$16 Billion 30 Year Auction Prices At 3.82%, 2.73 Bid To Cover, Primary Dealer Take Down Surges  ZH

 
Today's auction of $16 billion in 30 Year Bonds came more or less as expected, printing at a near record low 3.82%, highest only compared to the 3.5-3.6% yields achieved in February and March of 2009. The Bid To Cover was 2.73, a decline from recent prints, yet the biggest surprise was the surge in the Primary Dealer takedown, which at 55.6% was the highest since October 2009. In essence the Primary Dealers carried nearly 60% of the auction (and we all know that the PDs are nothing but the Fed lite). The other surprise - direct bidders represented just 8.3% of the take down: this was the lowest since February, even as Indirects were responsible for just 36.1% of the auction. This once again confirms that starving for yield foreigners like the curve, but not so much to bet on inflation staying low in 30 Years.

 

 

 

4- STATE & LOCAL GOVERNMENT

 


5- CENTRAL & EASTERN EUROPE

 


6-BANKING CRISIS II

 

Moody's: Bank writedowns at 2/3 of likely total AP

 
The agency estimated that 68 percent of residential mortgage losses have been taken, but only 49 percent of commercial real estate losses.

 

BASEL III

Basel should stand firm  FT

 

Shake-up set to raise costs of borrowing  FT

 

Fears for German banks under new rules  FT

 

Bankers poised for Basel III accord  FT

 

Germany's Push to Delay Basel Capital Requirements Meets U.S. Opposition  BL

 

7- RISK REVERSAL

 

 

8- COMMERCIAL REAL ESTATE

 

 

9-RESIDENTIAL REAL ESTATE - PHASE II

 

 

10- EXPIRATION FINANCIAL CRISIS PROGRAM

 

 

11- PENSION & ENTITLEMENTS CRISIS



12- CHRONIC UNEMPLOYMENT


Jobs and recovery in the Great Depression VOX

13- GOVERNMENT BACKSTOP INSURANCE

 

 

14- CORPORATE BANKRUPTCIES

 

BAE to shed about 1,000 jobs  FT

 

17- CHINA BUBBLE


China: Capital Spending Boom Ahead? BCAR

Geithner Says China Needs to Let Market Drive Up Yuan BL

Record Japan debt held Shanghai Daily

China trade surplus in surprise drop  FT

19- PUBLIC POLICY MISCUES

Judging Obama, Geithner and Goolsbee El-Erian

 

Falling Rates Aid Debtors, but Hamper Savers NYT

 

The "Ever-Expanding" Government Sector, Illustrated Econbrowser


Obama Added More to National Debt... WSJ



 


OTHER TIPPING POINT CATEGORIES NOT LISTED ABOVE

 

19-US PUBLIC POLICY MISCUES

 

 

22-SHRINKING REVENUE GROWTH RATE

 

OECD Says Slowdown `More Pronounced' Than Anticipated BL OECD

 

Economists cut U.S. growth forecast again Reuters


Speculators Sweet on Sugar, Cotton  WSJ

 
Speculative investors, such as hedge funds, have helped lift sugar futures past six-month highs and pushed cotton prices to multiyear peaks.

 

24-RETAIL SALES

 

 

26-GLOBAL OUTPUT GAP

 

 

31-FOOD PRICE PRESSURES

 

Coffee prices on the rise as futures hit 13-year high AP

 

32-US STOCK MARKET VALUATIONS




BP - British Petroleum

SULTANS OF SWAP: BP Potentially More Devastating then Lehman!

------------

 






   

CENTRAL BANKING MONETARY POLICIES, ACTIONS & ACTIVITIES

------------

 

 Fed's Move to Buy Treasurys Posing Serious Risks: Mishkin CNBC

Goldman anticipates QE2 dollar weakness FT Alphaville

What Should the Federal Reserve Do Next? WSJ

Fed Governor admits: We're useless
BInsider

 

 GENERAL INTEREST

 

FLASH CRASH - HFT - DARK POOLS

 

Flash crash report: plunge still a mystery-sources   Fox

 

What can be done to slow high-frequency trading  FT

 

MARKET WARNINGS

 

Charting The Great Bear Market Fund Flow Vacuum  ZH

 
Many skeptics enjoy pointing out that the fear and loathing toward stocks as exhibited by the seemingly endless mutual funds outflows, now in the 18th consecutive week, is nothing but a contrarian play, and when the masses are stepping out is when the smart money should invest. Under other circumstances we would totally agree. However, in this case, we make the argument that it is in fact these "contrarians" (with the assistance of the Fed, the Primary Dealers, and the HFT scalpers) who have ramped the market in advance of this move for many months now, anticipating an inflow which never comes. In other words, the true contrarian move is to fade the market here. Why? Because as the below chart from ICI shows, stocks have experienced the biggest short-term equity return upswing in history on the smallest net amount of positive inflows also in history. The argument would go that the entire upswing is nothing but an engineered push on nothing but momentum, and QE, and that fair values are far, far lower. Once GDP passes below zero, and once S&P EPS forecasts are revised to +/- 60, as the double dip unwinds, and applying an appropriate multiple of 10-12x, the market will be far more credible, and will see far more inflows when it is at 600-700. For now, however, nobody is foolish enough to enter. And those buying on hopes that Joe Sixpack will finally put in his two remaining cents in Amazon will continue to be disappointed, entrusting their entire risk capital to the like of the Federal Reserve, Goldman and Getco.

 

 

No Volume- Don't Shut The Algos Just Yet ZH

 
The real reason why volume is so poor is that the market is fixed, I just don't know anyone who is a clever investor out there who thinks the market is fairly valued here and most buyers I talk to are motivated by the thought that the Fed will keep printing and debase the currency enough to make asset prices go up... talk about an optimist point of view: the only buyers are cynical!

 

 

 

P/E Expansion & Contraction Ritholtz

 

MARKET & GOLD MANIPULATION

 

IMF Resumes Direct Gold Dumping, Sells 10 Tons Of The Shiny Metal To Bangladesh  ZH

 

VIDEO TO WATCH

 

QUOTE OF THE WEEK

 

To paraphrase Oscar Wilde

Investors know the price of everything but the value of nothing.

Author Unknown

In therapy, you have to accept a mistake to move on.  At times, this realization will be painful but in the end it is better for you.  Right now Wall Street is in complete denial and trying to pretend all is well.  Their profits are up but all that is happening is a wealth transfer from taxpayers to this unproductive group.


BUY ANY BOOK

 

GET 2 MONTH SUBSCRIPTION TO

 

 MONTHLY MARKET COMMENTARY

BOOKSTORE

PROMOTION  DETAILS

 

 

Gordon T Long is not a registered advisor and does not give investment advice. His comments are an expression of opinion only and should not be construed in any manner whatsoever as recommendations to buy or sell a stock, option, future, bond, commodity or any other financial instrument at any time. While he believes his statements to be true, they always depend on the reliability of his own credible sources. Of course, he recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction, before making any investment decisions, and barring that, we encourage you confirm the facts on your own before making important investment commitments.ont>

 

© Copyright 2010 Gordon T Long. The information herein was obtained from sources which Mr. Long believes reliable, but he does not guarantee its accuracy. None of the information, advertisements, website links, or any opinions expressed constitutes a solicitation of the purchase or sale of any securities or commodities. Please note that Mr. Long may already have invested or may from time to time invest in securities that are recommended or otherwise covered on this website. Mr. Long does not intend to disclose the extent of any current holdings or future transactions with respect to any particular security. You should consider this possibility before investing in any security based upon statements and information contained in any report, post, comment or recommendation you receive from him.

 

         

TODAY'S NEWS

FRIDAY

09-10-10

SEPTEMBER
S M T W T F S
      1 2 3 4
5 6 7 8 9 10 11
12 13 14 15 16 17 18
19 20 21 22 23 24 25
26 27 28 29 30    

ARCHIVAL

 

READING THE RIGHT BOOKS?  NO TIME?

 

WE HAVE IT ANALYZED & INCLUDED IN OUR LATEST RESEARCH PAPERS!

 

 

ACCEPTING PRE-ORDERS

 

 

 




 

         

TIPPING POINTS

1-SOVEREIGN DEBT & CREDIT CRISIS

2-EU BANKING CRISIS
3-BOND BUBBLE

4-STATE & LOCAL GOVERNMENT

5-CENTRAL & EASTERN EUROPE
6-BANKING CRISIS II
7-RISK REVERSAL

8-COMMERCIAL REAL ESTATE

9-RESIDENTIAL REAL ESTATE - PHASE II
10-EXPIRATION FINANCIAL CRISIS PROGRAM
11-PENSION CRISIS

12-CHRONIC UNEMPLOYMENT

13-GOVERNMENT BACKSTOP INSUR.
14-CORPORATE BANKRUPTCY
 

15-CREDIT CONTRACTION II

16-US FISCAL IMBALANCES
17-CHINA BUBBLE
18-INTEREST PAYMENTS
19-US PUBLIC POLICY MISCUES
20-JAPAN DEBT DEFLATION SPIRAL
21-US RESERVE CURRENCY.
22-SHRINKING REVENUE GROWTH RATE
23-FINANCE & INSURANCE WRITE-DOWNS
24-RETAIL SALES
25-US DOLLAR WEAKNESS
26-GLOBAL OUTPUT GAP
27-CONFIDENCE - SOCIAL UNREST
28-ENTITLEMENT CRISIS
29-IRAN NUCLEAR THREAT
30-OIL PRICE PRESSURES
31-FOOD PRICE PRESSURES
32-US STOCK MARKET VALUATIONS
33-PANDEMIC
34-S$ RESERVE CURRENCY
35-TERRORIST EVENT
36-NATURAL DISASTER

 


 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Book Review- Five Thumbs Up for Steve Greenhut's Plunder!  Mish

 

 

   

 

Fair Use Notice

Fair Use Notice

This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes.

 

If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner.   

 

 

l Fractal Research l Secrets of the Pyramids l Φ Research l Platonic Solids l 6T Development Site

 

E-Mail


 
Gordon T Long is not a registered advisor and does not give investment advice. His comments are an expression of opinion only and should not be construed in any manner whatsoever as recommendations to buy or sell a stock, option, future, bond, commodity or any other financial instrument at any time. While he believes his statements to be true, they always depend on the reliability of his own credible sources. Of course, we recommend that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction, before making any investment decisions, and barring that, we encourage you confirm the facts on your own before making important investment commitments.

Copyright and Disclaimer

© Copyright 2010, Gordon T Long. The information herein was obtained from sources which the Gordon T Long. believes reliable, but we do not guarantee its accuracy. None of the information, advertisements, website links, or any opinions expressed constitutes a solicitation of the purchase or sale of any securities or commodities. Please note that the Gordon T Long. or its principals may already have invested or may from time to time invest in securities that are recommended or otherwise covered on this website. Gordon T Long does not intend to disclose the extent of any current holdings or future transactions with respect to any particular security. You should consider this possibility before investing in any security based upon statements and information contained in any report, post, comment or recommendation you receive from us.