Gordon T Long Global Macro Research | Macro-Technical Analysis MACRO US ECONOMICS ELECTION YEAR “GIMMICKS” ABOUT TO UNFOLD OBSERVATIONS: Yellen’s Treasury “Gimmicks” Are Coming! It likely comes as no surprise to you that the U.S. federal government has borrowed so much money over the past year that it has had to spend one-fifth of all […]
Gordon T Long Global Macro Research | Macro-Technical Analysis GLOBAL MACRO US ECONOMICS THE BIDENOMIC LIQUIDITY PUMP IS EASING FINANCIAL CONDITIONS Last week we outlined how the stealth Bidenomics Liquidity Pump is presently working. The proof of its effectiveness is the Goldman Sachs Financial Conditions Index, which is now at its ‘easiest’ since the […]
Gordon T Long Global Macro Research | Macro-Technical Analysis GLOBAL MACRO US ECONOMICS THE STEALTH BIDENOMIC LIQUIDITY PUMP The tightening of credit and lending has been underway since the beginning of 2023, yet there seems to be plenty of credit and spending? Shouldn’t we have seen more impact by now? The answer is yes […]
Gordon T Long Global Macro Research | Macro-Technical Analysis MACRO US FISCAL POLICY 2023 MARKET MAYHEM 2500 years ago, Aristotle wrote that “virtue” is the balance between Courage and Prudence. That is the challenge of our questionably virtuous elected legislative politicians in addressing the 2023 Debt Ceiling fight. The Debt Ceiling has become a […]
Gordon T Long Global Macro Research | Macro-Technical Analysis MACRO US FISCAL POLICY YELLEN INITIATES HER PLAN! A very, very, very, very slightly softer than expected Core CPI print (combined with broadly less-hawkish FedSpeak) sparked the biggest rally in stocks since April 2020, the biggest collapse in Treasury yields since March 2020 and the […]
Gordon T Long Global Macro Research | Macro-Technical Analysis MACRO US FISCAL POLICY YELLEN’S FORCED DERIVATIVE & CONTINGENT LIABILITY CARD US Treasury Secretary Janet Yellen’s primary role is the financing of the US Government. To do this she requires the US Money Centered banks as well as the G-SIBs (Globally Systemically Important Banks). Unfortunately, […]
Gordon T Long Global Macro Research | Macro-Technical Analysis MACRO US FISCAL POLICY YELLEN BEGINS SHOWING HER HAND!! n our last newsletter we suggested you watch US Treasury Secretary Janet Yellen closely. We said: “Yellen’s new “unofficial” role is to fully contain the expected global “breakage” thereby buying the desperately needed time the Federal Reserve […]
Gordon T Long Global Macro Research | Macro-Technical Analysis MACRO US FISCAL POLICY WATCH YELLEN NOT POWELL! Everyone’s eyes are on Federal Reserve Chairman Jerome Powell. Our eyes are on Treasury Secretary Janel Yellen! Why? As Powell has pushed rates up at an unprecedented rate, something can be fully expected to break. Historically, the […]
Gordon T Long Global Macro Research | Macro-Technical Analysis TIPPING POINTS US DOLLAR STRENGTH TIME TO TALK THE US DOLLAR! The US Dollar’s rise is benefiting both from concerns that the latest wave of Covid-19 and China’s problems will dent global growth, and additionally from the perception that the Federal Reserve will need to […]
Gordon T Long Global Macro Research | Macro-Technical Analysis MACRO US MONETARY & FISCAL POLICY A FINANCIAL SHOCKWAVE OF POLITICALLY DRIVEN POLICY BLUNDERS THERE WILL BE UNINTENDED CONSEQUENCES! We have been witnessing the wholesale and rapid withdrawal of central bank stimulus globally: Last week the ECB was the second giant to Taper bond […]
