Gordon T Long Global Macro Research | Macro-Technical Analysis TIPPING POINTS CREDIT TIGHTENING LIQUIDITY IS ALREADY TIGHTENING! Overall financial market momentum peaked in June. Stealth liquidity tightening is at the root but it is still poorly recognized just how this is occurring. I hope to expand further on this fact in this newsletter and […]
FIRST WARNING: CREDIT PROTECTION EXPLODES UPWARD We are witnessing a global explosion in Sovereign Credit Default Swap pricing. Costs around the world are up by over 1/3, with China, Indonesia, Japan and Korea in Asia currently the hardest hit by the Coronavirus. Noticeable is also select European countries with the media focused on the cases […]
CREDIT MARKETS CRACKING IN A SYSTEMIC LIKE FASHION Here are Monday’s charts pulled from a report which give further detail of the yield drop shown above in the current “TNX” MATASII chart. VIX vs HY vs IG Credit markets are starting to crack more systemically… Flashing very bright warning lights to stocks… BONDS Bond […]
SLOOS REPORT SHOWS LOWEST LOAN DEMAND SINCE FINANCIAL CRISIS The latest Q1 2019 Senior Loan Officer Opinion Survey (SLOOS) by the Federal Reserve reported that demand for loans tumbled to levels not seen since the financial crisis. This while lending standards and terms for those commercial and industrial loans remained largely unchanged from already generously […]
GLOBAL CDS – WINNERS & LOSERS — MATASII RESEARCH ANALYSIS & SYNTHESIS — These tables show the largest 25 companies, ranked by market cap & credit default swap spreads, as well as the most creditworthy countries. CORPORATION 17bps: the CDS of the “safest” company in the world, Nestle. Alibaba the least (CDS = 84bp). COUNTRY […]
YOU WILL BE LEARNING ABOUT”CLO’S” DURING THE NEXT FINANCIAL CRISIS – MATASII ADVISES YOU GET A HANDLE ON IT NOW A PUBLIC SOURCED ARTICLE FOR MATASII (SUBSCRIBERS & PUBLIC ACCESS) READERS REFERENCE SOURCE: 03-03-19 – “Satyajit Das: The CDO Bomb That Blew Up In 2008? There Is A New One” Satyajit Das: The CDO Bomb That […]
WHAT THE END OF THE DEBT SUPPER-CYCLE LIKELY PORTENDS! A PUBLIC SOURCED ARTICLE FOR MATASII (SUBSCRIBERS & PUBLIC ACCESS) READERS REFERENCE SOURCE: 02-23-19 – Daily Reckoning, Charles Hugh Smith – “The Approaching Winter: The Super-Cycle Has Turned” MATASII SYNTHESIS: Based on the history painstakingly assembled by Fischer and Turchin we can anticipate: — Ever higher prices […]
NOMURA: LAST STAGE-CREDIT EXPANSION CYCLE PLATEAUING – RECESSION IN LATE 2020. A PUBLIC SOURCED ARTICLE FOR MATASII (SUBSCRIBERS & PUBLIC ACCESS) READERS REFERENCE SOURCE: 12-30-18 – Nomura via Business Insider – “The global economy is ‘already on an irreversible path’ to a downturn, Nomura says” YOUR MATASII RESEARCH TAKEAWAYS: “The global economy is already on an irreversible […]
NOW THE BIS ALSO FEARS “BULGE OF BBB DEBT” & A “FINANCIAL CYCLE” DEFAULT WAVE A PUBLIC SOURCED ARTICLE FOR MATASII (SUBSCRIBERS & PUBLIC ACCESS) READERS REFERENCE 12-18-18 – MishTalk: Mike Shedlock – “BIS Fears “Bulge Of BBB Debt” and “Financial Cycle” Default Waves” MATASII TAKEAWAYS: In its 4th quarter review, the BIS is concerned about the […]
“DEALERS ARE HOARDING COLLATERAL” AT A RATE NOT SEEN “SINCE THE WORST DAYS OF 2008” A PUBLIC SOURCED ARTICLE FOR MATASII (SUBSCRIBERS & PUBLIC ACCESS) READERS REFERENCE 12-20-18 – Alhambra Investment Partner, Jeffrey Snider- “Dealers Are “Hoarding Collateral” At A Rate Not Seen “Since The Worst Days Of 2008″” MATASII TAKEAWAYS: This one’s more about collateral transformation using US […]
