Gordon T Long Global Macro Research | Macro-Technical Analysis MACRO US ECONOMICS A CRACKING CREDIT PUMP IS LOSING LIQUIDITY! OBSERVATIONS: The “Bidenomic” campaign narrative is gone but the Damage to Retirements is only Beginning! New research by the Committee to Unleash Prosperity shows why Bidenomics has reduced the real value of the average 401(k) by a quarter in […]
Gordon T Long Global Macro Research | Macro-Technical Analysis MACRO US ECONOMICS PUBLIC FRUSTRATION WITH THE ECONOMY IS ACCELERATING! OBSERVATIONS: The Bidenomics Scorecard As We Enter An Election Year… An increasing number of surveys clearly show the US public is frustrated with the economy. The simple reality is people are worse off today than […]
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 MACRO ECONOMIC GERMANY WILL GERMANY TAKE THE EU ECONOMY DOWN WITH IT? OBSERVATIONS: I Smelled Major German Problems In The Air. I have just spent two weeks in Europe and I came away with worrying concerns about the EU, and Germany in particular. The smell of […]
Gordon T Long Global Macro Research | Macro-Technical Analysis MACRO ECONOMIC JAPAN TIME TO PAY ATTENTION TO THE JAPANESE CARRY TRADE! OBSERVATIONS: WHO IS BIDENOMICS HELPING MOST? We are going to focus on the Japanese Carry Trade in this newsletter, but first we need to make a few points on the Bidenomics debt buildup which […]
Gordon T Long Global Macro Research | Macro-Technical Analysis GLOBAL MACRO MONETARY POLICY POLITICAL WILL IS LACKING, WHILE RHETORIC IS OVERLY ABUNDANT! The reason inflation remains elevated today, despite coming off 40-year highs, is that government spending also remains elevated. Annualized data since June 2022 show that inflation has not been trending towards the […]
Gordon T Long Global Macro Research | Macro-Technical Analysis GLOBAL MACRO MONETARY POLICY A QUICKLY STALLING GLOBAL ENGINE The global economy’s engine of growth has been dominated by China since the 2008 Financial Crisis. As we have documented many times since the GFC it has been Chinese credit growth and specifically the Chinese Credit […]
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 GLOBAL MACRO GLOBAL ECONOMICS HIGHER TAXES AND LOWER REAL WAGES AHEAD! The entire burden of central bank rate hikes and failed monetary poilcy has become a huge burden to primarily families and small businesses. Meanwhile, large corporations and governments are virtually unaffected. I increasingly hear this […]
