FREE OPEN ACCESS

THIS MONTH ONLY

 

 MONTHLY MARKET COMMENTARY

 

NOVEMBER ISSUE - 40 PAGES

Integrating Macro Research

& Technical Analytics

Gordon T Long

|   TIPPING POINTS   |  COMMENTARY  READER ROADMAP | SWAP SENTINEL   | 

TIPPING POINTS

INVESTMENT RESEARCH

Customized Bookstore

 Bookstore


Bookmark and Share 

 

READ ALL THE

"EXTEND & PRETEND" SERIES

 

 

Stage I Comes to an End!

 

A Matter of National Security

 

A Guide to the Road Ahead

 

Confirming the Flash Crash Omen

 

Its either RICO Act or Control Fraud

 

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

FOR UPCOMING SHOW TIMES SEE: COMMENTARY READER 


 

 

 


 

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!

 

SULTANS OF SWAP: BP Potentially More Devastating then Lehman!

 

SULTANS OF SWAP: Gold Swaps Signal the Roadmap Ahead

 

FOR UPCOMING SHOW TIMES SEE: COMMENTARY READER

 


 

 

 

 

READ ALL THE

"EURO EXPERIMENT" SERIES

 

 

 

EURO EXPERIMENT: German Steel or Schmucks?!

 

 

 

FOR UPCOMING SHOW TIMES SEE: COMMENTARY READER

 

 

FREE

COPY

(pdf)

 

Current Thesis Advisory

62 pages

 

Published November 2009

 

EXTEND & PRETEND

 

Click page to view Index

 

Contact Us

 

Add Promo Code: "Introduction"

in the Subject Heading

 


  Bookmark and Share


 

 

READ ALL THE

"INNOVATION" SERIES

 

Innovate or Die

 

INNOVATION: America has a Structural Problem!

 

INNOVATION: What Made America Great is now Killing Her!

 

America - Innovate or Die!

 

FOR UPCOMING SHOW TIMES SEE: COMMENTARY READER

 


 

 

 

READ ALL THE

"PRESERVE & PROTECT" SERIES

 

 

 

 

FOR UPCOMING SHOW TIMES SEE: COMMENTARY READER

 

 

 

 

 

 

 

 

POSTS:  TUESDAY 11-30-10

Last Update: 12/01/2010 04:07 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
                       
GEO-POLITCAL TENSIONS                       
KOREA                       
Beijing in attempt to engage Pyongyang  FT                     
China Seeks Urgent Talks on Korea  WSJ                     
Workers recalled as North Korea prepares for war  Independ.                     
IRAN                       
Iran Fortifies Its Arsenal With the Aid of North Korea  NY Times                     
                       
                       
EURO                       
EU's Irish Rescue Fails to Stem Contagion; Spain Bonds Drop  Bloomberg                   
France, Germany say euro saved, investors sceptical  Reuters                   
Europe Sets Rules for Future Bailouts  WSJ                   
France and Germany agree mechanism for future crises  FT                   
Wolfgang MünchauEurope is edging towards the unthinkable  Munchau                   
Irish Debt Crisis Isn't About Ireland  Real Clear Markets                   
The mood turns ugly in Europe  MW                   
The day the euro died  Independ.                   
The Eurozone Endgame: Four Scenarios  Baseline                   
Spreading from Ireland to Iberia  Economist                   
Yields Are Ripping Higher Across The Eurozone Today  BI                   
                       
GREECE                       
Greece Wins 4 1/2-Year EU Extension to Repay Bailout  Bloomberg                   
                       
SPAIN                       
Germany faces its awful choice as Spain wobbles  Telegraph                   
Eurozone crisisSpain braces itself for a crisis made in Germany  FT                   
                       
PORTUGAL                       
Roubini: Portugal Should Consider Rescue  AP                   
EU Officials: Portugal Bailout Reports 'Absolutely False'  Reuters                   
                       
GERMANY                       
EU rescue costs start to threaten Germany itself  Telegraph                   
                       
VENEZUELA                       
Seeking cash, Chavez looks to sell Citgo  AP                   
                       
JAPAN                       
Japan passes new $61bn stimulus package  BBC                   
                       
USA                       
                       
                       
The Bond Bubble Just Popped  BI      X              
House on Ice  Hussman                   
Economic Agent Orange  Price                   
Number of the Week: 492 Days From Default to Foreclosure  WSJ                   
The Housing Problem in Three Pictures  Seeking Alpha                   
                       
ARTICLE SOURCE 11 12 13 14 15 16 17 18 19 20
                       
Hedge fund manager bets on China as the next 'enormous credit bubble' to burst  Telegraph                   
Uranium Hits Highest Since Aug. 2008 on China Demand  Bloomberg                   
In China, Cultivating the Urge to Splurge  NY Times                   
China data shows capital inflows near record high  Reuters                   
Rising labor shortage hits key delta regions  China Daily                   
Report says competitiveness of Chinese firms rises  Shanghai Daily                   
Obama to push for federal pay freeze  FT                   
Fiscal Trap  Lindsey                   
Starve the Beast?  Bartlett                   
Fiscal fantasies  Washington Post                   
Deficit Reduction  WSJ                   
                       
REMAINING                      
'12 Days of Christmas' Now 10.8% More Expensive  Reuters                    24 
Thanksgiving Weekend Sales Rise 6.4% as Shoppers Splurge  Bloomberg                    24 
                       
BP OIL                      
BP sells Pan Am Energy stake for $7bn  FT                     
BP to develop Canadian oil sands FT                     
                       
CENTRAL BANKING & MONETARY POLICY                      
The Big Uneasy  Surowiecki                     
Alford: ‘Quantitative Easing Explained’ And Its Critics  Naked Capitalism                     
US plays with fire by printing money  Shanghai Daily                     
Save The Dollar, Not The Fed  Forbes                     
Renaissance of the Gold Standard?  Bear's Lair                     
Radioactive Fed  Mogambo                     
Fed won't be able to halt this downturn  Baltimore Sun                     
                       
GENERAL INTEREST                      
Lies Across America Quinn                    
The Triumphant Return of Hayek Newsweek                    
Lessons From the Recovery Stage of the 1930s WSJ                    
The Failure of Cross-border Financial Firms: New Thinking in the Aftermath... Ideas                    
                       
MARKET WARNINGS                      
Some small investors are buying up stocks again USAT                    
                       

CURRENCY WARS

                     
‘China can’t win a trade war; it will be massacred’ DNA (Duncan)                    
                       
Q3 EARNINGS                      
                       
MARKET & GOLD MANIPULATION                      
Head and Shoulders Pattern in Gold? BeSpoke                    
Could gold once again be our guide? G&M                    
                       
VIDEO TO WATCH                      
The Day the Dollar Died You Tube                    
                       

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

 

 

 

                    LATEST RESEARCH PUBLICATIONS

RSS 

COMMENTARY for all articles by Gordon T Long

 

CURRENCY WARS: Debase, Default, Deny!

 

In September 2008 the US came to a fork in the road. The Public Policy decision to not seize the banks, to not place them in bankruptcy court with the government acting as the Debtor-in-Possession (DIP), to not split them up by selling off the assets to successful and solvent entities, set the world on the path to global currency wars.

 

By lowering interest rates and effectively guaranteeing a weak dollar, the US ignited an almost riskless global US$ Carry Trade and triggered an uncontrolled Currency War with the mercantilist, export driven Asian economies. We are now debasing the US dollar with reckless spending and money printing with the policies of Quantitative Easing (QE) I and the expectations of QE II. Both are nothing more than effectively defaulting on our obligations to sound money policy and a “strong US$”. Meanwhile with a straight face we deny that this is our intention.  

 

Though prior to the 2008 financial crisis our largest banks had become casino like speculators with public money lacking in fiduciary responsibility, our elected officials bailed them out. Our leadership placed America and the world unknowingly (knowingly?) on a preordained destructive path because it was politically expedient and the easiest way out of a difficult predicament. By kicking the can down the road our political leadership, like the banks, avoided their fiduciary responsibility. Similar to a parent wanting to be liked and a friend to their children they avoided the difficult discipline that is required at certain critical moments in life. The discipline to make America swallow a needed pill. The discipline to ask Americans to accept a period of intense adjustment. A period that by now would be starting to show signs of success versus the abyss we now find ourselves staring into.  A future that is now massively worse and with potentially fatal pain still to come. READ MORE

   

 

CURRENCY WARS: Misguided Economic Policy

 

The critical issues in America stem from minimally a blatantly ineffective public policy, but overridingly a failed and destructive Economic Policy. These policy errors are directly responsible for the opening salvos of the Currency War clouds now looming overhead.

 

Don’t be fooled for a minute. The issue of Yuan devaluation is a political distraction from the real issue – a failure of US policy leadership. In my opinion the US Fiscal and Monetary policies are misguided. They are wrong! I wrote a 66 page thesis paper entitled “Extend & Pretend” in the fall of 2009 detailing why the proposed Keynesian policy direction was flawed and why it would fail. I additionally authored a full series of articles from January through August in a broadly published series entitled “Extend & Pretend” detailing the predicted failures as they unfolded. Don’t let anyone tell you that what has happened was not fully predictable!

 

Now after the charade of Extend & Pretend has run out of momentum and more money printing is again required through Quantitative Easing (we predicted QE II was inevitable in March), the responsible US politicos have cleverly ignited the markets with QE II money printing euphoria in the run-up to the mid-term elections. Craftily they are taking political camouflage behind an “undervalued Yuan” as the culprit for US problems. Remember, patriotism is the last bastion of scoundres  READ MORE


  BRIEFS  

Obama's 'Hail Mary' Export Strategy
   
     

 READER ROADMAP -  2010 TIPPING POINTS aid to positioning COMMENTARY

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





11-30-10

 

GEO-POLITICAL TENSIONS - ISRAEL / KOREA / IRAN

 

KOREA

Beijing in attempt to engage Pyongyang  FT

 

China Seeks Urgent Talks on Korea WSJ

 

Workers recalled as North Korea prepares for war  Independent

IRAN

Iran Fortifies Its Arsenal With the Aid of North Korea NYT

 

1- SOVEREIGN DEBT & CREDIT CRISIS

 

SOVEREIGNS

 

 

 

EU's Irish Rescue Fails to Stem Contagion; Spain Bonds Drop BL

France, Germany say euro saved, investors sceptical Reuters

Europe Sets Rules for Future Bailouts  WSJ

 

France and Germany agree mechanism for future crises  FT

 

Wolfgang MünchauEurope is edging towards the unthinkable Munchau

 

Irish Debt Crisis Isn't About Ireland Real Clear Markets

 

The mood turns ugly in Europe MW

 

The day the euro died   Independent

 

The Eurozone Endgame: Four Scenarios Baseline

 

Spreading from Ireland to Iberia Economist

 

Yields Are Ripping Higher Across The Eurozone Today  BI

 

GREECE

Greece Wins 4 1/2-Year EU Extension to Repay Bailout BL

 

SPAIN

Germany faces its awful choice as Spain wobbles  Telegraph

 

IMF’s devastating Article IV report states that the (Spanish) government’s “gross financing needs” for 2011 will be €226bn, or 21pc of GDP. “Spain’s financing requirements are large and, retaining market confidence will be critical. Spain has exhausted its fiscal space. Targets should be made more credible.”

 

Madrid must attract €226bn of good money from Spanish savers, German pension funds, French banks, Japanese life insurers, and China’s central bank, so that an incompetent government (this one happens to be socialist, but the Greek conservatives were worse) can continue to run budget deficits of 7pc to 8pc of GDP in 2011. Why should they lend a single pfennig, having already been told by EU leaders that they will face scalping if Spain ever needs a rescue?

 

“The economy is highly indebted and has one of the most negative international investment positions (IIP) among advanced countries,” said the IMF. Its external accounts are under water by 80pc of GDP.

 

Furthermore, Spanish banks will need to roll over €220bn in 2011 and 2012, according to Enrique Goñi, head of Banca Cívica. “We’re in the antechamber of a new liquidity crisis. We’re living through a financial pre-collapse,” he said.


Germany must contemplate doing for Euroland what it has done for its own Volk in the East over the last 20 years – pay big transfers – or watch its strategic investment in the post-War order of Europe collapse with a bang, and in hideous acrimony.

 

Eurozone crisisSpain braces itself for a crisis made in Germany  FT

 

PORTUGAL

 

Roubini: Portugal Should Consider Rescue AP

 

EU Officials: Portugal Bailout Reports 'Absolutely False' Reuters

GERMANY

EU rescue costs start to threaten Germany itself  Telegraph

 
The escalating debt crisis on the eurozone periphery is starting to contaminate the creditworthiness of Germany and the core states of monetary union.

Europe's fate may be decided soon by the German constitutional court as it rules on a clutch of cases challenging the legality of the Greek bail-out, the EFSF machinery, and ECB bond purchases.

 

"There has been a clear violation of the law and no judge can ignore that," said Prof Hankel, a co-author of one of the complaints. "I am convinced the court will forbid future payments."

 

If he is right – we may learn in February – the EU debt crisis will take a dramatic new turn.

 

ITALY

"Italy is in a lot of pain," said Stefano di Domizio, from Lombard Street Research. "Bond yields have been going up 10 basis points a day and spreads are now the highest since the launch of EMU. We're talking about €2 trillion of debt so Rome has to tap the market often, and that is the problem."

VENEZUELA

Seeking cash, Chavez looks to sell Citgo AP 

UK

 

IRELAND


JAPAN

Japan passes new $61bn stimulus package BBC

 

USA

 

time (et) report period Actual Consensus
forecast
previous
Tuesday, Nov. 30
9 am Case-Shiller home prices Sept. -0.7% N/A -0.3%
9:45 am Chicago PMI Nov. 62.5% 59% 60.6%
10 am Consumer confidence Nov. 54.1 53.0 49.9
 

 

 

 

2- EU BANKING CRISIS

   

 

3- BOND BUBBLE

 

The Bond Bubble Just Popped  BI

U.S investors have been pouring additional money into bond funds, each and every week, ever since December 2008. This historic streak for bond fund inflows has been an enduring sign of post-crisis sentiment, but last week it finally came to an end.

"Bond funds suffered outflows of $4.33 billion, the first week of outflows since December 17th, 2008," according to Citi's Tobias Levkovich in a recent note.

Meanwhile, the outflow of money from equity funds is slowing, but yes, remains an outflow.

Citi's Tobias Levkovich:

According to ICI, investors withdrew $1.16 billion to total equity funds for the week-ending November 17.

Domestic funds experienced outflows of $2.80 billion while foreign funds posted inflows of $1.63 billion.

..

For overall equity funds, the four-week moving average dropped to an outflow of $302 million from the prior week’s inflow of $507 million.

Thus there's still a long way for sentiment trends to reverse in favor of stocks and against bonds, and what happened last week could be the key inflection point ahead of a new trend. If you look at equity fund flows since the crisis in 2008, it's clear there's a lot of room for fund flows to come back to stocks.

 

4- STATE & LOCAL GOVERNMENT

 


5- CENTRAL & EASTERN EUROPE

 


6-BANKING CRISIS II


House on Ice Hussman

7- RISK REVERSAL

 

Economic Agent Orange Price

 
When you‟re essentially playing with other people‟s money, you have a greater propensity to „swing for the fences‟.

 

 

8- COMMERCIAL REAL ESTATE

 

 

9-RESIDENTIAL REAL ESTATE - PHASE II

 

Number of the Week: 492 Days From Default to Foreclosure WSJ

 

The Housing Problem in Three Pictures Seeking Alpha

 

DEMAND NEAR ALL TIME LOWS

 

SUPPLY NEAR ALL TIME HIGHS

 

PRICES HAVE ONLY ONE WAT TO GO

 

 

10- EXPIRATION FINANCIAL CRISIS PROGRAM

 

 

11- PENSION & ENTITLEMENTS CRISIS



12- CHRONIC UNEMPLOYMENT



13- GOVERNMENT BACKSTOP INSURANCE

 

 

14- CORPORATE BANKRUPTCIES

 

 

17- CHINA BUBBLE


Hedge fund manager bets on China as the next 'enormous credit bubble' to burst Telegraph

Uranium Hits Highest Since Aug. 2008 on China Demand BL
“China’s imports this year equal about 20 to 25 percent of global consumption. That’s four times what I estimate China to consume, which tells us they are building up stockpiles.” 

In China, Cultivating the Urge to Splurge NYT

China data shows capital inflows near record high Reuters

Rising labor shortage hits key delta regions China Daily
“On average, up to 40% of job vacancies in these sectors have not been filled."

Report says competitiveness of Chinese firms rises Shanghai Daily

19- PUBLIC POLICY MISCUES

 

Obama to push for federal pay freeze  FT

 

Fiscal Trap Lindsey

 

Starve the Beast? Bartlett

 

Fiscal fantasies Washington Post

 

Deficit Reduction  WSJ

 



 


OTHER TIPPING POINT CATEGORIES NOT LISTED ABOVE

 

24-RETAIL SALES

'12 Days of Christmas' Now 10.8% More Expensive Reuters
Trying to buy the 364 items repeated in all the song's verses - from 12 drummers drumming to a partridge in a pear tree - would cost $96,824, an increase of 10.8 percent over last year, according to the annual Christmas Price Index compiled by PNC Wealth Management  

 

  Thanksgiving Weekend Sales Rise 6.4% as Shoppers Splurge BL

 

26-GLOBAL OUTPUT GAP

 

 

31-FOOD PRICE PRESSURES

 

 

32-US STOCK MARKET VALUATIONS

 

 




BP - British Petroleum

SULTANS OF SWAP: BP Potentially More Devastating then Lehman!

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

 


BP sells Pan Am Energy stake for $7bn  FT


BP to develop Canadian oil sands  FT
$2.5bn project likely to spark environmental concern

   

CENTRAL BANKING MONETARY POLICIES, ACTIONS & ACTIVITIES

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

 

The Big Uneasy Surowiecki
What’s most striking about the attacks on QE2 is how hysterical they are.

Alford: ‘Quantitative Easing Explained’ And Its Critics via Naked Capitalism

US plays with fire by printing money Shanghai Daily

Save The Dollar, Not The Fed Forbes

Renaissance of the Gold Standard? Bear’s Lair

Radioactive Fed Mogambo 

Fed won't be able to halt this downturn Baltimore Sun

 

 GENERAL INTEREST

Lies Across America JimQ

 

 “Most ignorance is vincible ignorance.

We don’t know because we don’t want to know.”

 

 

The Triumphant Return of Hayek Newsweek Delong

 

Lessons From the Recovery Stage of the 1930s WSJ

The Failure of Cross-border Financial Firms: New Thinking in the Aftermath... via IDEAs

MARKET WARNINGS

Some small investors are buying up stocks again USAT

 

CURRENCY WARS

‘China can’t win a trade war; it will be massacred’ DNA (Duncan)

To Duncan, Bernanke’s acknowledgement that the Dollar Standard is flawed signals the direction of US economic policy going forward. “They’re going to take steps to correct this flow, either through international cooperation or through unilateral action” —such as imposing trade tariffs on imports, principally from China.

 

In an interview to DNA from Bangkok, Duncan explains the implications of US efforts to remedy trade imbalances, and why China — being the foremost trade surplus country — would be “massacred’ in the event of a “trade war”. But Duncan isn’t just a bearer of grim tidings: as he did in his second book, The Corruption of Capitalism: A strategy To Rebalance The Global Economy and Restore Sustainable Growth, he outlines a scenario in which the crisis could have a “happy ending”: the redistribution of wealth and purchasing power — through higher wages globally — towards the ‘bottom of the pyramid’ as a way to remedy the demand-supply imbalances.

 

“Income redistribution may sound ‘Marxist’ and alarming,” he notes, “but I’m not coming at it from that angle: it would be good for billionaires and for poor people. Billionaires could be even richer five years from now if they play along; but if they don’t, they’re going to be worse off.” Excerpts from the interview:

 

 

You’ve called Fed chairman Ben Bernanke’s speech last week his most important speech since his 2002 ‘helicopter money’ speech. What makes it so special?
The ‘helicopter money’ speech was important because it outlined what the Fed policy would be in the future when the property bubble popped. In that speech, Bernanke said the Fed would create dollars and buy up Treasury bonds and monetise the government debt — and that’s the most effective way to stimulate the economy. And that’s exactly what the Fed did.

In his speech last week, Bernanke came out and said that the international monetary system has a flaw. This is extraordinarily important. For the Fed to say that the international monetary system — which is the Dollar Standard —has a flaw is shocking. Never before has a senior US government official even suggested that there was a flaw in the Dollar Standard.

The mantra has always been that the US is for a strong dollar policy. To have a strong dollar means to continue to have larger and larger trade deficits and more and more global imbalances that ultimately blow up into greater and greater crises. Bernanke’s speech represents a complete about-face in terms of US economic policy and an acknowledgement that the current arrangement is to blame. That was the subject of my first book The Dollar Crisis.

 

What does it mean for the Fed to acknowledge that the Dollar Standard is flawed — and what are the alternatives?
For them to acknowledge that it’s flawed suggests that they now realise that the flaw must be fixed. Otherwise, there’s no need to discuss it. And it should also be seen as a complementary speech to US Treasury secretary Timothy Geithner’s position that the current account deficits and surpluses of countries should be capped at 4%. That was the goal of the US Treasury Department at the G20 meeting in Seoul recently.

 

But that didn’t fly at the G20 meeting, did it?
The other countries would not agree. But, following up on that, you have not only the Treasury Department stating that, you now have the Fed too stating a similar position: that the monetary system is flawed because it doesn’t prevent imbalances. The implication is that something must be done to correct this flaw and the imbalances. And that, I think, represents the direction of US economic policy going forward: they’re going to take steps to correct this flaw. Either there’s going to be international cooperation —or unilateral action.

 

Specifically, what kind of policy action options does the US have: tariff barriers?
Yes, tariff barriers. That’s really the only effective one.

Q3 EARNINGS

 

MARKET & GOLD MANIPULATION

Head and Shoulders Pattern in Gold? BeSpoke

 

 

Could gold once again be our guide? G&M

 
Gold didn’t fail the central banks, Dr. Mundell says – central banks failed gold

 

AUDIO / VIDEO

The Day the Dollar Died YouTube

 

 

QUOTE OF THE WEEK



"Germany cannot keep paying for bail-outs without going bankrupt itself. This is frightening people. You cannot find a bank safe deposit box in Germany because every single one has already been taken and stuffed with gold and silver. It is like an underground Switzerland within our borders. People have terrible memories of 1948 and 1923 when they lost their savings."

 Professor Wilhelm Hankel, of Frankfurt University
EU rescue costs start to threaten Germany itself - Telegraph


"We're not swimming in money, we're drowning in debts"

German finance minister Wolfgang Schäuble before Bundestag
EU rescue costs start to threaten Germany itself - Telegraph


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

TUESDAY

11-30-10

NOVEMBER

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

 

 


 

         

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

 


READING THE RIGHT BOOKS?  NO TIME?

 

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

 

 

ACCEPTING PRE-ORDERS

 

 

 



 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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.