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Listen to the original podcast for this slide at www.GordonTLong.com/UnderTheLens 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. Global Macro Tipping Points July 17th, 2012 Monetary Malpractice

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Page 1: Under the Lens-audio_slides-07-17-12-sub-Monetary_Malpractice

Listen to the original podcast for this slide at www.GordonTLong.com/UnderTheLens

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.

Global Macro Tipping PointsJuly 17th, 2012

Monetary Malpractice

Page 2: Under the Lens-audio_slides-07-17-12-sub-Monetary_Malpractice

AGENDA

US ECONOMY• US Economy at Stall Speed – Following Global Economy DOWN• Nearing a “Double-Dip” Recession Tipping Point • Earnings – The Coming Cold Plunge • QE III On Its Way – No Later than September 13th FOMC

GLOBAL RISKS• International Monetary Fund (IMF) & Bank of International

Settlements (BIS) Warn• Bernanke’s Humphrey Hawkins Testimony

Listen to the original podcast for this slide at www.GordonTLong.com/UnderTheLens

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.

Global Macro Tipping PointsJuly 17th, 2012

Monetary Malpractice

Page 3: Under the Lens-audio_slides-07-17-12-sub-Monetary_Malpractice

Listen to the original podcast for this slide at www.GordonTLong.com/UnderTheLens

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.

Global Macro Tipping PointsJuly 17th, 2012

Getting Bad – Fast!

Page 4: Under the Lens-audio_slides-07-17-12-sub-Monetary_Malpractice

Listen to the original podcast for this slide at www.GordonTLong.com/UnderTheLens

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.

Global Macro Tipping PointsJuly 17th, 2012

US Economy at Stall Speed

Page 5: Under the Lens-audio_slides-07-17-12-sub-Monetary_Malpractice

Listen to the original podcast for this slide at www.GordonTLong.com/UnderTheLens

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.

Global Macro Tipping PointsJuly 17th, 2012

US Economy at Stall Speed

Page 6: Under the Lens-audio_slides-07-17-12-sub-Monetary_Malpractice

Listen to the original podcast for this slide at www.GordonTLong.com/UnderTheLens

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.

Global Macro Tipping PointsJuly 17th, 2012

US Economy at Stall Speed

Page 7: Under the Lens-audio_slides-07-17-12-sub-Monetary_Malpractice

Listen to the original podcast for this slide at www.GordonTLong.com/UnderTheLens

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.

Global Macro Tipping PointsJuly 17th, 2012

US Economy at Stall Speed

Page 8: Under the Lens-audio_slides-07-17-12-sub-Monetary_Malpractice

Listen to the original podcast for this slide at www.GordonTLong.com/UnderTheLens

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.

Global Macro Tipping PointsJuly 17th, 2012

US Economy at Stall Speed

Page 9: Under the Lens-audio_slides-07-17-12-sub-Monetary_Malpractice

Listen to the original podcast for this slide at www.GordonTLong.com/UnderTheLens

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.

Global Macro Tipping PointsJuly 17th, 2012

US Economy at Stall Speed

Page 10: Under the Lens-audio_slides-07-17-12-sub-Monetary_Malpractice

Listen to the original podcast for this slide at www.GordonTLong.com/UnderTheLens

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.

Global Macro Tipping PointsJuly 17th, 2012

US Economy at Stall Speed

Page 11: Under the Lens-audio_slides-07-17-12-sub-Monetary_Malpractice

Listen to the original podcast for this slide at www.GordonTLong.com/UnderTheLens

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.

Global Macro Tipping PointsJuly 17th, 2012

US Economy at Stall Speed

Page 12: Under the Lens-audio_slides-07-17-12-sub-Monetary_Malpractice

Listen to the original podcast for this slide at www.GordonTLong.com/UnderTheLens

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.

Global Macro Tipping PointsJuly 17th, 2012

Nearing a “Double-Dip” Recession Tipping Point

Page 13: Under the Lens-audio_slides-07-17-12-sub-Monetary_Malpractice

Listen to the original podcast for this slide at www.GordonTLong.com/UnderTheLens

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.

Global Macro Tipping PointsJuly 17th, 2012

Nearing a “Double-Dip” Recession Tipping Point

Page 14: Under the Lens-audio_slides-07-17-12-sub-Monetary_Malpractice

Listen to the original podcast for this slide at www.GordonTLong.com/UnderTheLens

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.

Global Macro Tipping PointsJuly 17th, 2012

Nearing a “Double-Dip” Recession Tipping Point

Page 15: Under the Lens-audio_slides-07-17-12-sub-Monetary_Malpractice

Listen to the original podcast for this slide at www.GordonTLong.com/UnderTheLens

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.

Global Macro Tipping PointsJuly 17th, 2012

The Coming Cold Plunge

Page 16: Under the Lens-audio_slides-07-17-12-sub-Monetary_Malpractice

Listen to the original podcast for this slide at www.GordonTLong.com/UnderTheLens

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.

Global Macro Tipping PointsJuly 17th, 2012

Monetary Malpractice

Page 17: Under the Lens-audio_slides-07-17-12-sub-Monetary_Malpractice

Listen to the original podcast for this slide at www.GordonTLong.com/UnderTheLens

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.

Global Macro Tipping PointsJuly 17th, 2012

Monetary Malpractice

Page 18: Under the Lens-audio_slides-07-17-12-sub-Monetary_Malpractice

Listen to the original podcast for this slide at www.GordonTLong.com/UnderTheLens

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.

Global Macro Tipping PointsJuly 17th, 2012

Monetary Malpractice

Page 19: Under the Lens-audio_slides-07-17-12-sub-Monetary_Malpractice

Listen to the original podcast for this slide at www.GordonTLong.com/UnderTheLens

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.

Global Macro Tipping PointsJuly 17th, 2012

Monetary Malpractice

Page 20: Under the Lens-audio_slides-07-17-12-sub-Monetary_Malpractice

Listen to the original podcast for this slide at www.GordonTLong.com/UnderTheLens

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.

Global Macro Tipping PointsJuly 17th, 2012

Monetary Malpractice

Page 21: Under the Lens-audio_slides-07-17-12-sub-Monetary_Malpractice

Listen to the original podcast for this slide at www.GordonTLong.com/UnderTheLens

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.

Global Macro Tipping PointsJuly 17th, 2012

Monetary Malpractice

Page 22: Under the Lens-audio_slides-07-17-12-sub-Monetary_Malpractice

Listen to the original podcast for this slide at www.GordonTLong.com/UnderTheLens

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.

Global Macro Tipping PointsJuly 17th, 2012

Monetary Malpractice

Page 23: Under the Lens-audio_slides-07-17-12-sub-Monetary_Malpractice

Listen to the original podcast for this slide at www.GordonTLong.com/UnderTheLens

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.

Global Macro Tipping PointsJuly 17th, 2012

Monetary Malpractice

Page 24: Under the Lens-audio_slides-07-17-12-sub-Monetary_Malpractice

Listen to the original podcast for this slide at www.GordonTLong.com/UnderTheLens

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.

Global Macro Tipping PointsJuly 17th, 2012

Monetary Malpractice

Page 25: Under the Lens-audio_slides-07-17-12-sub-Monetary_Malpractice

Listen to the original podcast for this slide at www.GordonTLong.com/UnderTheLens

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.

Global Macro Tipping PointsJuly 17th, 2012

New York Federal Reserve Paper

Page 26: Under the Lens-audio_slides-07-17-12-sub-Monetary_Malpractice

Listen to the original podcast for this slide at www.GordonTLong.com/UnderTheLens

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.

Global Macro Tipping PointsJuly 17th, 2012

Monetary Malpractice

Page 27: Under the Lens-audio_slides-07-17-12-sub-Monetary_Malpractice

DISCLOSURE STATEMENT AND TERMS OF USE

THE CONTENT OF THIS SLIDE PRESENTATION AND ITS ACCOMPANYING RECORDED AUDIO DISCUSSION ARE INTENDED FOR EDUCATIONAL PURPOSES ONLY.

This slide presentation and its accompanying recorded audio discussion are not a solicitation to trade or invest, and any analysis is the opinion of the author and is not to be used or relied upon as investment advice. Trading and investing can involve substantial risk of loss. Past performance is no guarantee of future returns/results. Commentary is only the opinions of the authors and should not to be used for investment decisions. You must carefully examine the risks associated with investing of any sort and whether investment programs are suitable for you. You should never invest or consider investments without a complete set of disclosure documents, and should consider the risks prior to investing. This slide presentation and its accompanying recorded audio discussion are not in any way a substitution for disclosure. Suitability of investing decisions rests solely with the investor. Your acknowledgement of this Disclosure and Term of Use Statement is a condition of access to it. Furthermore, any investments you may make are your sole responsibility.

THERE IS RISK OF LOSS IN TRADING AND INVESTING OF ANY KIND. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.

Listen to the original podcast for this slide at www.GordonTLong.com/UnderTheLens