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Global insights audio-slides-09-12-11

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  • Paris is more glitz than ever but the veneer is REAL THIN!NO MONEY – SURVIVAL A PROBLEMEXAMPLES:Draft Beer = 8.5 E => $12 , Financial Times 3.5 E = > $5 Postage 1.28E => $1.83 Double US rates and 100% more, Metro 1.70E > $2.50 Double More Farmer Markets (which sell everything) everywhere – Dramatic increase and scopeBrassiere: 1/3 to 50% are closed or only partial hours – Significant change in life stylesGrocery Stores (Monoprix & Carrefour) had security guards at the door, and walking around – customers under continuous surveillance - check out reminded me of the old bank teller (sitting, surrounded by electronic equipment to ensure pricing was perfect and error free)
  • EXAMPLEFuel 1.70 liter or just under $10/ US gallon - Going to 2.0 liter or >$11/gallonGas – you can’t buy in Paris – Must go outside the peripheryScooters, Bicycles, Small Smart Cars, Chev cars I have never seen before = No MoneyBike rental = 1E for half hour, 2E (<3/hour)(hours/hour or monthly rates )Metro (Subway) – shocked at suicide baracades that have been installed – never anything like it before.
  • EXAMPLEGhetto’s visible from the RER (train), Beggars, people sleeping on the streetsCORPORATOCRACY & GLOBAL BRANDSFinancial Domination (Banks, Investments, Wealth Management, Loans) – Bailieville in “It’s a Wonderful Life” with Jimmy Stewart“Suits” = Corporations & Global Brands = Employment that allows you to live.Police – 9/11 Combat Gear – troop bus and a 7-8 fourteen passenger police vans at the Opera Square alone on Saturday – It was alarming and we concluded it was 9/11 related.BANKDOWNGRADESI have been staying not far from the French Finance Ministry (which by the way has major new banks like the Natixis building nearly beside it)And the buzz is the potential bank downgrades:"France's top banks are bracing themselves for a likely credit rating downgrade from Moody's, sources close to the situation said on Saturday."It's not unexpected.Euro banks are known to have so much exposure to the Eurozone debt crisis that if they marked their assets to market, they would be bankrupt. This week Euro banks were crushed by the market. This latest move by Moody's comes as the world anticipates a credit event in Greece.Moody's put the French banks under a three-month review for a possible downgrade on June 15th. Time's up, and the banks expect a downgrade.As they should. Currently they're rated BNP: Aa2, SocGen: Aa2 and Credit Agricole: Aa1. Each of them is assigned high grade creditworthiness though many make arguments that indicate they don't deserve it.For example:Read more: http://www.businessinsider.com/french-banks-bnp-soc-gen-credit-agricole-downgrade-moodys-2011-9#ixzz1XfnuDvJwFLOYD NORRIS – in the IHT (New York Times)Most European banks have taken write downs to approximate the 21% haircut as per IAS 39French banks are rumored that they have not. In fact the International Accounting Standards Board have notified the French Securities RegulatoryThe French Bank Regulators & Government are ignoring it.French auditors are looking the other wayFrench banks are claiming there is insufficient trading. The IASB claim this is absurd and by the way they can’t be no market downs
  • PARISLast week the OECD came out and said here in Paris that :1- Growth in the G7 countries has basically ground to a halt, and that 2- Policy action was once again required on both the Monetary and Fiscal front.Read more: http://www.businessinsider.com/oecd-weak-economic-projections-2011-9#-1#ixzz1XegO9NjR
  • G7 – Marseilles on the Weekend – NO TALK ON COORDINATED STIMULUS – More about confusion on what to do!The Group of Seven industrialized nations pledged a coordinated response on Friday to the global slowdown, but offered no specific steps and differed in emphasis on Europe's debt crisis“U.S. officials said most of the meeting was devoted to Europe's debt crisis and the health of its banks.”Seeking to allay fears over European bank funding, ECB President Jean-Claude Trichet told the meeting European banks held some $5 trillion in collateral eligible for access to central bank fundsWhile the United States called on Europe's biggest economies to provide "unequivocal" support to struggling peripheral states to overcome a debt crisis that is crippling the world recovery, euro zone paymaster Germany said the priority was cutting deficits."There is no sense of direction, which is entirely expected given that there is no agreement on the path for fiscal policy between the U.S. and Europe, and there is no agreement on the path of monetary policy either," said Gilles Moec, senior economist with Deutsche Bank in London."In a way, it's a communique which is a list of constraints which policymakers are facing," he said of a final statement host country France pushed other reluctant G7 members.
  • Transcript

    • 1. This chart accompanies the podcast recordedAugust 12th, 2011
      FRANCE
      Listen to the original podcast for this slide at eitherwww.GordonTLong.com/GlobalInsightsorwww.TraderView.com/GlobalInsights
      The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.
    • 2. This chart accompanies the podcast recordedAugust 12th, 2011
      PARIS
      Listen to the original podcast for this slide at eitherwww.GordonTLong.com/GlobalInsightsorwww.TraderView.com/GlobalInsights
      The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.
    • 3. This chart accompanies the podcast recordedAugust 12th, 2011
      FRENCH BANKS
      Listen to the original podcast for this slide at eitherwww.GordonTLong.com/GlobalInsightsorwww.TraderView.com/GlobalInsights
      The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.
    • 4. This chart accompanies the podcast recordedAugust 12th, 2011
      FRENCH BANKS
      Listen to the original podcast for this slide at eitherwww.GordonTLong.com/GlobalInsightsorwww.TraderView.com/GlobalInsights
      The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.
    • 5. This chart accompanies the podcast recordedAugust 12th, 2011
      EU BREAKING
      Listen to the original podcast for this slide at eitherwww.GordonTLong.com/GlobalInsightsorwww.TraderView.com/GlobalInsights
      The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.
    • 6. This chart accompanies the podcast recordedAugust 12th, 2011
      PARIS: OECD
      Listen to the original podcast for this slide at eitherwww.GordonTLong.com/GlobalInsightsorwww.TraderView.com/GlobalInsights
      The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.
    • 7. This chart accompanies the podcast recordedAugust 12th, 2011
      MARSEILLES: G7
      Listen to the original podcast for this slide at eitherwww.GordonTLong.com/GlobalInsightsorwww.TraderView.com/GlobalInsights
      The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.
    • 8. This chart accompanies the podcast recordedAugust 12th, 2011
      FRANCE
      Listen to the original podcast for this slide at eitherwww.GordonTLong.com/GlobalInsightsorwww.TraderView.com/GlobalInsights
      The content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of this slide is considered to be your explicit acceptance of the Disclosure Statement and the Terms of Use found on the last page of this document.
    • 9. This chart accompanies the podcast recordedAugust 12th, 2011
      FRANCE
      DISCLOSURE STATEMENT AND TERMS OF USE
      THE CONTENT OF THIS SLIDE PRESENTATION AND ITS ACCOMPANYING RECORDED AUDIO DISCUSSION ARE INTENDED FOR EDUCATIONAL PURPOSES ONLY.This slide presentation and its accompanying recorded audio discussion are not a solicitation to trade or invest, and any analysis is the opinion of the author and is not to be used or relied upon as investment advice. Trading and investing can involve substantial risk of loss. Past performance is no guarantee of future returns/results. Commentary is only the opinions of the authors and should not to be used for investment decisions. You must carefully examine the risks associated with investing of any sort and whether investment programs are suitable for you. You should never invest or consider investments without a complete set of disclosure documents, and should consider the risks prior to investing. This slide presentation and its accompanying recorded audio discussion are not in any way a substitution for disclosure. Suitability of investing decisions rests solely with the investor. Your acknowledgement of this Disclosure and Term of Use Statement is a condition of access to it. Furthermore, any investments you may make are your sole responsibility. THERE IS RISK OF LOSS IN TRADING AND INVESTING OF ANY KIND. PAST PERFORMANCE IS NOT INDICATIVE OF FUTURE RESULTS.
      Listen to the original podcast for this slide at eitherwww.GordonTLong.com/GlobalInsightsorwww.TraderView.com/GlobalInsights

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