under the lens-audio_slides-03-19-12-sub-elevated_risk
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TRANSCRIPT
![Page 1: Under the lens-audio_slides-03-19-12-sub-elevated_risk](https://reader035.vdocuments.mx/reader035/viewer/2022062512/5541ebf2550346f4278b45b1/html5/thumbnails/1.jpg)
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/UnderTheLens
ELEVATED RISK
Global Macro Tipping PointsMarch 19th, 2012
![Page 2: Under the lens-audio_slides-03-19-12-sub-elevated_risk](https://reader035.vdocuments.mx/reader035/viewer/2022062512/5541ebf2550346f4278b45b1/html5/thumbnails/2.jpg)
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/UnderTheLens
1. LIQUIDITY PUMPING
2. UN-NATURAL ACTS TO DO IT
3. WHERE IS THE LIQUDITY GOING?
4. WHERE THE LIQUDITY IT IS NOT GOING
5. WHY DO WE NEED TO PUMP - Money versus Credit
6. DECELERATION - Wall Street versus Main Street
7. GLOBAL SLOWING
8. GROWTH PROBLEM - Innovation & the Internet
ELEVATED RISK
Global Macro Tipping PointsMarch 19th, 2012
![Page 3: Under the lens-audio_slides-03-19-12-sub-elevated_risk](https://reader035.vdocuments.mx/reader035/viewer/2022062512/5541ebf2550346f4278b45b1/html5/thumbnails/3.jpg)
LIQUIDITY PUMPING
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/UnderTheLens
Global Macro Tipping PointsMarch 19th, 2012
![Page 4: Under the lens-audio_slides-03-19-12-sub-elevated_risk](https://reader035.vdocuments.mx/reader035/viewer/2022062512/5541ebf2550346f4278b45b1/html5/thumbnails/4.jpg)
CENTRAL BANK BALANCE SHEETS
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/UnderTheLens
Global Macro Tipping PointsMarch 19th, 2012
![Page 5: Under the lens-audio_slides-03-19-12-sub-elevated_risk](https://reader035.vdocuments.mx/reader035/viewer/2022062512/5541ebf2550346f4278b45b1/html5/thumbnails/5.jpg)
CENTRAL BANK BALANCE SHEETS
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/UnderTheLens
Global Macro Tipping PointsMarch 19th, 2012
![Page 6: Under the lens-audio_slides-03-19-12-sub-elevated_risk](https://reader035.vdocuments.mx/reader035/viewer/2022062512/5541ebf2550346f4278b45b1/html5/thumbnails/6.jpg)
CENTRAL BANK BALANCE SHEETS
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/UnderTheLens
Global Macro Tipping PointsMarch 19th, 2012
![Page 7: Under the lens-audio_slides-03-19-12-sub-elevated_risk](https://reader035.vdocuments.mx/reader035/viewer/2022062512/5541ebf2550346f4278b45b1/html5/thumbnails/7.jpg)
CENTRAL BANK BALANCE SHEETS
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/UnderTheLens
Global Macro Tipping PointsMarch 19th, 2012
![Page 8: Under the lens-audio_slides-03-19-12-sub-elevated_risk](https://reader035.vdocuments.mx/reader035/viewer/2022062512/5541ebf2550346f4278b45b1/html5/thumbnails/8.jpg)
CENTRAL BANK BALANCE SHEETS
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/UnderTheLens
Global Macro Tipping PointsMarch 19th, 2012
![Page 9: Under the lens-audio_slides-03-19-12-sub-elevated_risk](https://reader035.vdocuments.mx/reader035/viewer/2022062512/5541ebf2550346f4278b45b1/html5/thumbnails/9.jpg)
CENTRAL BANK BALANCE SHEETS
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/UnderTheLens
Global Macro Tipping PointsMarch 19th, 2012
![Page 10: Under the lens-audio_slides-03-19-12-sub-elevated_risk](https://reader035.vdocuments.mx/reader035/viewer/2022062512/5541ebf2550346f4278b45b1/html5/thumbnails/10.jpg)
UN-NATURAL ACTS
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/UnderTheLens
Global Macro Tipping PointsMarch 19th, 2012
![Page 11: Under the lens-audio_slides-03-19-12-sub-elevated_risk](https://reader035.vdocuments.mx/reader035/viewer/2022062512/5541ebf2550346f4278b45b1/html5/thumbnails/11.jpg)
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/UnderTheLens
Global Macro Tipping PointsMarch 19th, 2012
UN-NATURAL ACTS
![Page 12: Under the lens-audio_slides-03-19-12-sub-elevated_risk](https://reader035.vdocuments.mx/reader035/viewer/2022062512/5541ebf2550346f4278b45b1/html5/thumbnails/12.jpg)
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/UnderTheLens
Global Macro Tipping PointsMarch 19th, 2012
UN-NATURAL ACTS
![Page 13: Under the lens-audio_slides-03-19-12-sub-elevated_risk](https://reader035.vdocuments.mx/reader035/viewer/2022062512/5541ebf2550346f4278b45b1/html5/thumbnails/13.jpg)
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/UnderTheLens
Global Macro Tipping PointsMarch 19th, 2012
UN-NATURAL ACTS
![Page 14: Under the lens-audio_slides-03-19-12-sub-elevated_risk](https://reader035.vdocuments.mx/reader035/viewer/2022062512/5541ebf2550346f4278b45b1/html5/thumbnails/14.jpg)
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/UnderTheLens
Global Macro Tipping PointsMarch 19th, 2012
UN-NATURAL ACTS
![Page 15: Under the lens-audio_slides-03-19-12-sub-elevated_risk](https://reader035.vdocuments.mx/reader035/viewer/2022062512/5541ebf2550346f4278b45b1/html5/thumbnails/15.jpg)
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/UnderTheLens
Global Macro Tipping PointsMarch 19th, 2012
UN-NATURAL ACTS
![Page 16: Under the lens-audio_slides-03-19-12-sub-elevated_risk](https://reader035.vdocuments.mx/reader035/viewer/2022062512/5541ebf2550346f4278b45b1/html5/thumbnails/16.jpg)
WHERE IS IT GOING?
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/UnderTheLens
Global Macro Tipping PointsMarch 19th, 2012
![Page 17: Under the lens-audio_slides-03-19-12-sub-elevated_risk](https://reader035.vdocuments.mx/reader035/viewer/2022062512/5541ebf2550346f4278b45b1/html5/thumbnails/17.jpg)
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/UnderTheLens
Global Macro Tipping PointsMarch 19th, 2012
WHERE IS IT GOING?
![Page 18: Under the lens-audio_slides-03-19-12-sub-elevated_risk](https://reader035.vdocuments.mx/reader035/viewer/2022062512/5541ebf2550346f4278b45b1/html5/thumbnails/18.jpg)
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/UnderTheLens
Global Macro Tipping PointsMarch 19th, 2012
WHERE IS IT GOING?
![Page 19: Under the lens-audio_slides-03-19-12-sub-elevated_risk](https://reader035.vdocuments.mx/reader035/viewer/2022062512/5541ebf2550346f4278b45b1/html5/thumbnails/19.jpg)
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/UnderTheLens
Global Macro Tipping PointsMarch 19th, 2012
WHERE IT IS NOT GOING?
![Page 20: Under the lens-audio_slides-03-19-12-sub-elevated_risk](https://reader035.vdocuments.mx/reader035/viewer/2022062512/5541ebf2550346f4278b45b1/html5/thumbnails/20.jpg)
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/UnderTheLens
Global Macro Tipping PointsMarch 19th, 2012
WHERE IT IS NOT GOING?
![Page 21: Under the lens-audio_slides-03-19-12-sub-elevated_risk](https://reader035.vdocuments.mx/reader035/viewer/2022062512/5541ebf2550346f4278b45b1/html5/thumbnails/21.jpg)
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/UnderTheLens
Global Macro Tipping PointsMarch 19th, 2012
WHY DO THEY NEED TO KEEP PUMPING?
![Page 22: Under the lens-audio_slides-03-19-12-sub-elevated_risk](https://reader035.vdocuments.mx/reader035/viewer/2022062512/5541ebf2550346f4278b45b1/html5/thumbnails/22.jpg)
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/UnderTheLens
Global Macro Tipping PointsMarch 19th, 2012
WHY DO THEY NEED TO KEEP PUMPING?
![Page 23: Under the lens-audio_slides-03-19-12-sub-elevated_risk](https://reader035.vdocuments.mx/reader035/viewer/2022062512/5541ebf2550346f4278b45b1/html5/thumbnails/23.jpg)
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/UnderTheLens
Global Macro Tipping PointsMarch 19th, 2012
WHY DO THEY NEED TO KEEP PUMPING?
![Page 24: Under the lens-audio_slides-03-19-12-sub-elevated_risk](https://reader035.vdocuments.mx/reader035/viewer/2022062512/5541ebf2550346f4278b45b1/html5/thumbnails/24.jpg)
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/UnderTheLens
Global Macro Tipping PointsMarch 19th, 2012
WHY DO THEY NEED TO KEEP PUMPING?
![Page 25: Under the lens-audio_slides-03-19-12-sub-elevated_risk](https://reader035.vdocuments.mx/reader035/viewer/2022062512/5541ebf2550346f4278b45b1/html5/thumbnails/25.jpg)
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/UnderTheLens
Global Macro Tipping PointsMarch 19th, 2012
WHY DO THEY NEED TO KEEP PUMPING?
![Page 26: Under the lens-audio_slides-03-19-12-sub-elevated_risk](https://reader035.vdocuments.mx/reader035/viewer/2022062512/5541ebf2550346f4278b45b1/html5/thumbnails/26.jpg)
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/UnderTheLens
Global Macro Tipping PointsMarch 19th, 2012
WHY DO THEY NEED TO KEEP PUMPING?
![Page 27: Under the lens-audio_slides-03-19-12-sub-elevated_risk](https://reader035.vdocuments.mx/reader035/viewer/2022062512/5541ebf2550346f4278b45b1/html5/thumbnails/27.jpg)
DECELERATION AND GLOBAL SLOWING
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/UnderTheLens
Global Macro Tipping PointsMarch 19th, 2012
![Page 28: Under the lens-audio_slides-03-19-12-sub-elevated_risk](https://reader035.vdocuments.mx/reader035/viewer/2022062512/5541ebf2550346f4278b45b1/html5/thumbnails/28.jpg)
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/UnderTheLens
Global Macro Tipping PointsMarch 19th, 2012
DECELERATION AND GLOBAL SLOWING
![Page 29: Under the lens-audio_slides-03-19-12-sub-elevated_risk](https://reader035.vdocuments.mx/reader035/viewer/2022062512/5541ebf2550346f4278b45b1/html5/thumbnails/29.jpg)
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/UnderTheLens
Global Macro Tipping PointsMarch 19th, 2012
DECELERATION AND GLOBAL SLOWING
![Page 30: Under the lens-audio_slides-03-19-12-sub-elevated_risk](https://reader035.vdocuments.mx/reader035/viewer/2022062512/5541ebf2550346f4278b45b1/html5/thumbnails/30.jpg)
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/UnderTheLens
Global Macro Tipping PointsMarch 19th, 2012
DECELERATION AND GLOBAL SLOWING
![Page 31: Under the lens-audio_slides-03-19-12-sub-elevated_risk](https://reader035.vdocuments.mx/reader035/viewer/2022062512/5541ebf2550346f4278b45b1/html5/thumbnails/31.jpg)
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/UnderTheLens
Global Macro Tipping PointsMarch 19th, 2012
DECELERATION AND GLOBAL SLOWING
![Page 32: Under the lens-audio_slides-03-19-12-sub-elevated_risk](https://reader035.vdocuments.mx/reader035/viewer/2022062512/5541ebf2550346f4278b45b1/html5/thumbnails/32.jpg)
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/UnderTheLens
Global Macro Tipping PointsMarch 19th, 2012
DECELERATION AND GLOBAL SLOWING
![Page 33: Under the lens-audio_slides-03-19-12-sub-elevated_risk](https://reader035.vdocuments.mx/reader035/viewer/2022062512/5541ebf2550346f4278b45b1/html5/thumbnails/33.jpg)
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/UnderTheLens
Global Macro Tipping PointsMarch 19th, 2012
DECELERATION AND GLOBAL SLOWING
![Page 34: Under the lens-audio_slides-03-19-12-sub-elevated_risk](https://reader035.vdocuments.mx/reader035/viewer/2022062512/5541ebf2550346f4278b45b1/html5/thumbnails/34.jpg)
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/UnderTheLens
Global Macro Tipping PointsMarch 19th, 2012
DECELERATION AND GLOBAL SLOWING
![Page 35: Under the lens-audio_slides-03-19-12-sub-elevated_risk](https://reader035.vdocuments.mx/reader035/viewer/2022062512/5541ebf2550346f4278b45b1/html5/thumbnails/35.jpg)
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