Gordon T Long Global Macro Research | Macro-Technical Analysis TIPPING POINTS INFLATION PRESSURES STUBBORN INFLATION PRESSURES DELAYING FED PIVOT Weakening Inflation is not sticking to the script by coming down relatively quickly. Instead it is universally stubbornly coming in higher than expectations and actually increasing on a M-o-M basis. This isn’t just a US […]
Gordon T Long Global Macro Research | Macro-Technical Analysis TIPPING POINTS CREDIT CONTRACTION DEBT: Borrowing Is Increasingly Problematic! SIMPLY AN INADEQUATE RESPONSE! ==== THE FEDERAL RESERVE’S POOR RESPONSE TO HISTORIC US INFLATION IS NOW SERIOUSLY COMPOUNDING A NATIONAL PROBLEM! Real average hourly earnings to offset exploding inflation fell for the 12th straight month. […]
Gordon T Long Global Macro Research | Macro-Technical Analysis TIPPING POINTS CREDIT CONTRACTION CREDIT LEADS: The Lending Spigot Is Quickly Constricting! COMPOUNDING UNINTENDED CONSEQUENCES OF RUSSIAN SANCTIONS Sustained central bank QT programs are likely (if carried out) to result in another major mortgage / housing debacle similar to 2008, European Banks (specifically large Italian and […]
Gordon T Long Global Macro Research | Macro-Technical Analysis TIPPING POINTS CREDIT CONTRACTION SOVEREIGN CREDIT SHAKEN FURTHER BY UKRAINE CONFLICT The issues within both Sovereign and Corporate Credit have been mounting. Ukraine was just another shock to an already increasingly Fragile sector becoming more “Brittle” by the day, versus the “Resiliency” that is required […]
Gordon T Long Global Macro Research | Macro-Technical Analysis TIPPING POINTS CREDIT TIGHTENING FOLLOWING DETAILED ANALYSIS IS SUBSCRIBER CONTENT ONLY Subscribe to view full post content with supporting live charts SUBSCRIBE LIQUIDITY TIGHTENING IS ACCELERATING! We have long advocated that problems in the equity markets are foreshadowed by warnings in the Credit Markets. This […]
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 […]
