macro analytics - 04-12-12 - financial repression
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The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.
Listen to the original podcast for this slide at www.GordonTLong.com/Macro_Analytics
FINANCIAL REPRESSION in the US & ASIA
Macro AnalyticsApril 12th, 2012
The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.
Listen to the original podcast for this slide at www.GordonTLong.com/Macro_Analytics
Ty AndrosTedbits.com
Traderview.com
Macro AnalyticsApril 12th, 2012
FINANCIAL REPRESSION in the US & ASIA
The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.
Listen to the original podcast for this slide at www.GordonTLong.com/Macro_Analytics
Gordon T Long GordonTLong.com
FINANCIAL REPRESSION in the US & ASIA
Macro AnalyticsApril 12th, 2012
The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.
Listen to the original podcast for this slide at www.GordonTLong.com/Macro_Analytics
Ty Andros Tedbits.com
Gordon T Long GordonTLong.com
FINANCIAL REPRESSION in the US & ASIA
Macro AnalyticsApril 12th, 2012
The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.
Listen to the original podcast for this slide at www.GordonTLong.com/Macro_Analytics
THESIS 2012: FINANCIAL REPRESSION GordonTLong.com
The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.
Listen to the original podcast for this slide at www.GordonTLong.com/Macro_Analytics
FINANCIAL REPRESSION in the US & ASIA
Macro AnalyticsApril 12th, 2012
The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.
Listen to the original podcast for this slide at www.GordonTLong.com/Macro_Analytics
THESIS 2012: FINANCIAL REPRESSION GordonTLong.com
Macro AnalyticsApril 12th, 2012
FINANCIAL REPRESSION in the US & ASIA
The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.
Listen to the original podcast for this slide at www.GordonTLong.com/Macro_Analytics
FINANCIAL REPRESSION in the US & ASIA
Macro AnalyticsApril 12th, 2012
The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.
Listen to the original podcast for this slide at www.GordonTLong.com/Macro_Analytics
FINANCIAL REPRESSION in the US & ASIA
Macro AnalyticsApril 12th, 2012
This also explains why while HSBC, being a member of the banking cartel would love nothing more than more easing from PBOC, China is far more cautious about further easing, especially if the Fed does go ahead with more QE anyway, the bulk of which China would import as excess inflation anyway.
For vivid proof of this observe chart two: the last time we had a record spread between HSBC and China PMI, Chinese CPI soared from -2% to over 6%. China is now at 3%, just as the index spread is the second highest ever.
If we are to assume that Chinese easing will follow the March 2009 episode, and thus assume a trough Chinese inflation of 3.2%, one can see that the 12% implied inflation at the end of the current easing episode is why the PBOC will be far, far more reluctant to engage in the same easing policies as the Markit group of banks would wish for it to.
The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.
Listen to the original podcast for this slide at www.GordonTLong.com/Macro_Analytics
FINANCIAL REPRESSION in the US & ASIA
Macro AnalyticsApril 12th, 2012
The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.
Listen to the original podcast for this slide at www.GordonTLong.com/Macro_Analytics
FINANCIAL REPRESSION in the US & ASIA
Macro AnalyticsApril 12th, 2012
The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.
Listen to the original podcast for this slide at www.GordonTLong.com/Macro_Analytics
FINANCIAL REPRESSION in the US & ASIA
Macro AnalyticsApril 12th, 2012
The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.
Listen to the original podcast for this slide at www.GordonTLong.com/Macro_Analytics
FINANCIAL REPRESSION in the US & ASIA
Macro AnalyticsApril 12th, 2012
The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.
Listen to the original podcast for this slide at www.GordonTLong.com/Macro_Analytics
FINANCIAL REPRESSION in the US & ASIA
Macro AnalyticsApril 12th, 2012
The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.
Listen to the original podcast for this slide at www.GordonTLong.com/Macro_Analytics
FINANCIAL REPRESSION in the US & ASIA
Macro AnalyticsApril 12th, 2012
The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.
Listen to the original podcast for this slide at www.GordonTLong.com/Macro_Analytics
FINANCIAL REPRESSION in the US & ASIA
Macro AnalyticsApril 12th, 2012
The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.
Listen to the original podcast for this slide at www.GordonTLong.com/Macro_Analytics
FINANCIAL REPRESSION in the US & ASIA
Macro AnalyticsApril 12th, 2012
The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.
Listen to the original podcast for this slide at www.GordonTLong.com/Macro_Analytics
FINANCIAL REPRESSION in the US & ASIA
Macro AnalyticsApril 12th, 2012
The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.
Listen to the original podcast for this slide at www.GordonTLong.com/Macro_Analytics
FINANCIAL REPRESSION in the US & ASIA
Macro AnalyticsApril 12th, 2012
The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.
Listen to the original podcast for this slide at www.GordonTLong.com/Macro_Analytics
FINANCIAL REPRESSION in the US & ASIA
Macro AnalyticsApril 12th, 2012
The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.
Listen to the original podcast for this slide at www.GordonTLong.com/Macro_Analytics
FINANCIAL REPRESSION in the US & ASIA
Macro AnalyticsApril 12th, 2012
The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.
Listen to the original podcast for this slide at www.GordonTLong.com/Macro_Analytics
FINANCIAL REPRESSION in the US & ASIA
Macro AnalyticsApril 12th, 2012
The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.
Listen to the original podcast for this slide at www.GordonTLong.com/Macro_Analytics
FINANCIAL REPRESSION in the US & ASIA
Macro AnalyticsApril 12th, 2012
G-7 Aggregate Debt Principal and Interest (USD equiv.)2012 – 2022 - UK, US, Italy, Germany, Canada, Japan & France
The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.
Listen to the original podcast for this slide at www.GordonTLong.com/Macro_Analytics
FINANCIAL REPRESSION in the US & ASIA
Macro AnalyticsApril 12th, 2012
G-7 Aggregate Debt Principal and Interest (USD equiv.) 2012 (by month) UK, US & Japan
The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.
Listen to the original podcast for this slide at www.GordonTLong.com/Macro_Analytics
FINANCIAL REPRESSION in the US & ASIA
Macro AnalyticsApril 12th, 2012
United States and ASIAJaws of DEATH for the World RESERVE currency!
Does not include Social Security and Unemployment extensions equal to 1 % of GDP and BORROWING (stolen) from the Social Security, Medicare and Highway trust funds. Add them back in and the deficits are in the LOW TEENS. COMPUNDING ANNUALLY!
The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.
Listen to the original podcast for this slide at www.GordonTLong.com/Macro_Analytics
FINANCIAL REPRESSION in the US & ASIA
Macro AnalyticsApril 12th, 2012
The UNITED STATES hasn’t created ANY new wealth or RUN a SURPLUS in over 3 YEARS and is HEMMORAGING CASH. Keep in Mind the spending from the BORROWING is called GDP!
Can you say BLACK SWAN for the World Reserve currency? How about Waterloo?
The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.
Listen to the original podcast for this slide at www.GordonTLong.com/Macro_Analytics
FINANCIAL REPRESSION in the US & ASIA
Macro AnalyticsApril 12th, 2012
GDP is ROUGHLY $15 Trillion Dollars: Total Liabilities using GAAP are 15 Trillion Revenues plus UNFUNDED Liabilities of $75 Trillion dollars EQUALING $90 Trillion dollars of liabilities
REVENUES are $2.1 TRILLION DOLLARS, and its economy is NOT GROWING in REAL or NOMINAL TERMS if PROPERLY MEASURED!
The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.
Listen to the original podcast for this slide at www.GordonTLong.com/Macro_Analytics
FINANCIAL REPRESSION in the US & ASIA
Macro AnalyticsApril 12th, 2012
The FEDERAL RESERVE is MONETIZING (printing out of THIN AIR) 58% of ALL US government DEBT!
The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.
Listen to the original podcast for this slide at www.GordonTLong.com/Macro_Analytics
FINANCIAL REPRESSION in the US & ASIA
Macro AnalyticsApril 12th, 2012
The UNITED STATES hasn’t created ANY new wealth or RUN a SURPLUS in over 3 YEARS and is HEMMORAGING CASH. Keep in Mind the spending from the BORROWING is called GDP!
Can you say BLACK SWAN for the World Reserve currency? How about Waterloo?
The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.
Listen to the original podcast for this slide at www.GordonTLong.com/Macro_Analytics
FINANCIAL REPRESSION in the US & ASIA
Macro AnalyticsApril 12th, 2012
The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.
Listen to the original podcast for this slide at www.GordonTLong.com/Macro_Analytics
FINANCIAL REPRESSION in the US & ASIA
Macro AnalyticsApril 12th, 2012
The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.
Listen to the original podcast for this slide at www.GordonTLong.com/Macro_Analytics
FINANCIAL REPRESSION in the US & ASIA
Macro AnalyticsApril 12th, 2012
The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.
Listen to the original podcast for this slide at www.GordonTLong.com/Macro_Analytics
FINANCIAL REPRESSION in the US & ASIA
Macro AnalyticsApril 12th, 2012
The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.
Listen to the original podcast for this slide at www.GordonTLong.com/Macro_Analytics
FINANCIAL REPRESSION in the US & ASIA
Macro AnalyticsApril 12th, 2012
The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.
Listen to the original podcast for this slide at www.GordonTLong.com/Macro_Analytics
FINANCIAL REPRESSION in the US & ASIA
Macro AnalyticsApril 12th, 2012
The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.
Listen to the original podcast for this slide at www.GordonTLong.com/Macro_Analytics
FINANCIAL REPRESSION in the US & ASIA
Macro AnalyticsApril 12th, 2012
Japans TOTAL Debt All SECTORS and Government Maturity Wall
The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.
Listen to the original podcast for this slide at www.GordonTLong.com/Macro_Analytics
FINANCIAL REPRESSION in the US & ASIA
Macro AnalyticsApril 12th, 2012
Asian Government debt is NOT yet a problem with the exception of Japan and Singapore!
The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.
Listen to the original podcast for this slide at www.GordonTLong.com/Macro_Analytics
FINANCIAL REPRESSION in the US & ASIA
Macro AnalyticsApril 12th, 2012
This is the FACE of FRESH cash for TRASH. As Central banks WORLDWIDE BUY worthless security’s and give bankrupt Sovereigns and financial firms MONEY PRINTED out of THIN AIR. Transferring wealth from SAVERS and BONDHOLDERS to Governments, well connected elites and BANKSTERS.
The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.
Listen to the original podcast for this slide at www.GordonTLong.com/Macro_Analytics
FINANCIAL REPRESSION in the US & ASIA
Macro AnalyticsApril 12th, 2012
The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.
Listen to the original podcast for this slide at www.GordonTLong.com/Macro_Analytics
FINANCIAL REPRESSION in the US & ASIA
Macro AnalyticsApril 12th, 2012
ADVANCING GLOBAL FINANCIAL REPRESSION
USA EU JAPAN CHINA ASIA
TELLTALES
Dramatic Money Supply Expansion YES YES YES YES YES
Negative Real Interest Rates YES YES YES YES YES
Changing Function of Money YES YES YES NO NO
Negative Real Economic Growth YES YES YES NO NO
Debt Transfer - Private to Public YES YES YES NO NO
Increased Centralized Planning YES YES
PRIMARY TOOLS
Fear - The Flight to Safety
- Scare of a Financial Crisis YES YES
- Potential Financial Contagion YES YES
- Threat of Instability & Chaos YES YES
Force - The Use of Law
- Regulatory & Legislative Responses YES YES
- Restrictions on Personal Liberties YES YES
Framework - A Methodology
- ZIRP & Quantitative Easing YES YES
- Inflation Reporting Distortions YES
The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.
Listen to the original podcast for this slide at www.GordonTLong.com/Macro_Analytics
THESIS 2012: FINANCIAL REPRESSION GordonTLong.com
The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.
Listen to the original podcast for this slide at www.GordonTLong.com/Macro_Analytics
Ty AndrosTedbits.com
Traderview.com
Macro AnalyticsApril 12th, 2012
FINANCIAL REPRESSION in the US & ASIA
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