US CREDIT DOWNGRADED: Bidenomics Breaks The US ‘Credit Credibility’ Dam! Key Rating Drivers Ratings Downgrade: The rating downgrade of the United States reflects the expected fiscal deterioration over the next three years, a high and growing general government debt burden, and the erosion of governance relative to ‘AA’ and ‘AAA’ rated peers over the last two decades that […]
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THE BIDENOMIC LIQUIDITY PUMP IS EASING FINANCIAL CONDITIONS
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 […]
THE STEALTH BIDENOMIC LIQUIDITY PUMP
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 […]
HIGHER TAXES AND LOWER REAL WAGES AHEAD!
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 […]
BIDENOMICS: BASICALLY CENTRAL PLANNING WITH A NEW TITLE!
Gordon T Long Global Macro Research | Macro-Technical Analysis GLOBAL MACRO US ECONOMICS BIDENOMICS: BASICALLY CENTRAL PLANNING WITH A NEW TITLE! In the last newsletter we discussed the Biden Administration’s newly launched Bidenomics focus by pointing out the mis-information, mis-direction, fabrications and data manipulation that it encompassed. What we didn’t have time to discuss […]
THE ONE QUESTION YOU MUST ANSWER!
Gordon T Long Global Macro Research | Macro-Technical Analysis GLOBAL MACRO ECONOMICS THE ONE QUESTION YOU MUST ANSWER! We try quite hard to keep these newsletters focused on the key “signals” not the “noise”. So let me clearly state in simple terms what should be obvious to all our long term readers by now. […]
ARE WE THERE YET??
Gordon T Long Global Macro Research | Macro-Technical Analysis GLOBAL MACRO ECONOMICS ARE WE THERE YET?? We believe eventually a Recession in the US will be officially labeled as beginning in Q3 2023. We expect current weakening economic conditions to accelerate in Q3 and to take us into negative GDP growth. This week’s LEI, […]
THE BULLWHIP EFFECT COMETH!
Gordon T Long Global Macro Research | Macro-Technical Analysis GLOBAL MACRO ECONOMICS THE BULLWHIP EFFECT COMETH! The Bullwhip Effect has become well understood by the post Covid-19 Global Supply Chain. It has resulted in a heightened appreciation of the distortions, costs incurred and margin impact from a lack of clear and reliable demand projections. […]
A DIS-INFLATION / DEFLATIONARY WAVE LOOMING
Gordon T Long Global Macro Research | Macro-Technical Analysis TIPPING POINTS INFLATION-DEFLATION A DIS-INFLATION / DEFLATIONARY WAVE LOOMING Deflation historically comes from rising job losses and elevated levels of national unemployment. Consumer stops spending, which in turn forces prices to be taken down by producers to sustain cashflow and financial survival at […]
THE TRIFECTA RACE
Gordon T Long Global Macro Research | Macro-Technical Analysis MACRO GLOBAL ECONOMICS THE TRIFECTA RACE The race is underway on what will deliver the hardest blow to the coming US recession. It will either be: A liquidity shock of the increased funding of the US Treasury’s TGA, as a result of the massive increase […]