global insights audio-slides-08-01-11
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TRANSCRIPT
This chart is from the discussion recordedAugust 1st, 2011
Listen to the original recording for this slide at either www.TraderView.com/GlobalInsights or www.GordonTLong.com/GlobalInsights
DEFICIT DEAL
DEBT DEALFinal Elements: $2.1T
• Provides initially for $917 billion in spending cuts over 10 years. • A special committee of lawmakers would be charged with finding another $1.5 trillion in deficit reduction, which could come through a tax overhaul and changes to safety-net programs. • If the committee doesn't find at least $1.2 trillion in savings, or Congress doesn't adopt its proposals, a pre-set array of spending cuts would kick in, including cuts in military spending and Medicare payments to health-care providers.
Mr. Obama called the top Democratic and Republican leaders from both chambers Sunday night to make sure everyone was on board just 10 minutes before he appeared in the White House briefing room to announce the deal.
This chart is from the discussion recordedAugust 1st, 2011
DEFICIT DEAL
Listen to the original recording for this slide at either www.TraderView.com/GlobalInsights or www.GordonTLong.com/GlobalInsights
This chart is from the discussion recordedAugust 1st, 2011
Listen to the original recording for this slide at either www.TraderView.com/GlobalInsights or www.GordonTLong.com/GlobalInsights
STARTLING REVISIONS!
This chart is from the discussion recordedAugust 1st, 2011
Listen to the original recording for this slide at either www.TraderView.com/GlobalInsights or www.GordonTLong.com/GlobalInsights
GDP WEAKENING RAPIDLY
This chart is from the discussion recordedAugust 1st, 2011
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DURABLE GOODS – As Disappointing as GDP
This chart is from the discussion recordedAugust 1st, 2011
Listen to the original recording for this slide at either www.TraderView.com/GlobalInsights or www.GordonTLong.com/GlobalInsights
REALITY
This chart is from the discussion recordedAugust 1st, 2011
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SAME STORY, Over and Over….
This chart is from the discussion recordedAugust 1st, 2011
Listen to the original recording for this slide at either www.TraderView.com/GlobalInsights or www.GordonTLong.com/GlobalInsights
THE BUDGET DOES NOT REFLECT THIS
This chart is from the discussion recordedAugust 1st, 2011
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ONE SHOCK AWAY FROM A DOUBLE DIP RECESSION
This chart is from the discussion recordedAugust 1st, 2011
Listen to the original recording for this slide at either www.TraderView.com/GlobalInsights or www.GordonTLong.com/GlobalInsights
POT POURRI