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This chart is from the discussion recordedAugust 8th, 2011 POST SUNDAY EVENTS Listen to the original recording for this slide at either www.TraderView.com/GlobalInsights   or   www.GordonTLong.com/GlobalInsights
This chart is from the discussion recordedAugust 8th, 2011 POST SUNDAY EVENTS BEFORE THE ANNOUNCEMENTS Israeli Stock Index Tumbles Most Since 2008                                                              Israel Drops 7 Percent, 19.9% Since April 21Dubai Shares Drop Most Since February                                                                      Dubai Shares Drop 3.7 PercentSaudi Shares Plunge as U.S. Downgrade Fuels Concern Over Global Economy      Saudi Shares Plunge 5.5% And They're Off: Gold Spikes, S&P Down 2.7% In Early Post-Downgrade Trading  S&P Down 2.7% “Gold has surged to $1691/oz, a new record, S&P futures are off about 2.7%,  In early Tokyo trading, the market is down about 1.5%.” Listen to the original recording for this slide at either www.TraderView.com/GlobalInsights   or   www.GordonTLong.com/GlobalInsights
This chart is from the discussion recordedAugust 8th, 2011 POST SUNDAY EVENTS Statement by the President of the ECB 1. The Governing Council of the European Central Bank (ECB) welcomes the announcements made by the governments of Italy and Spain concerning new measures and reforms in the areas of fiscal and structural policies. The Governing Council considers a decisive and swift implementation by both governments as essential in order to substantially enhance the competitiveness and flexibility of their economies, and to rapidly reduce public deficits.  2. The Governing Council underlines the importance of the commitment of all Heads of State or Government to adhere strictly to the agreed fiscal targets, as reaffirmed at the euro area summit of 21 July 2011. A key element is also the enhancement of the growth potential of the economy.  3. The Governing Council considers essential the prompt implementation of all the decisions taken at the euro area summit. In this perspective, the Governing Council welcomes the joint commitment expressed by Germany and France today.  4. The Governing Council attaches decisive importance to the declaration of the Heads of State or Government of the euro area in the inflexible determination to fully honour their own individual sovereign signature as a key element in ensuring financial stability in the euro area as a whole.. 5. It equally considers fundamental that governments stand ready to activate the European Financial Stability Facility (EFSF) in the secondary market, on the basis of an ECB analysis recognising the existence of exceptional financial market circumstances and risks to financial stability, once the EFSF is operational.  6. It is on the basis of the above assessments that the ECB will actively implement its Securities Markets Programme. This programme has been designed to help restoring a better transmission of our monetary policy decisions – taking account of dysfunctional market segments – and therefore to ensure price stability in the euro area Listen to the original recording for this slide at either www.TraderView.com/GlobalInsights   or   www.GordonTLong.com/GlobalInsights
This chart is from the discussion recordedAugust 8th, 2011 POST SUNDAY EVENTS Listen to the original recording for this slide at either www.TraderView.com/GlobalInsights   or   www.GordonTLong.com/GlobalInsights
This chart is from the discussion recordedAugust 8th, 2011 POST SUNDAY EVENTS The Group of Seven Nations  “Is committed to taking coordinated action to ensure liquidity and to support financial market functioning, financial stability and economic growth”, G7 finance ministers and central bank governors said in a statement. "These actions, together with continuing fiscal discipline efforts will enable long-term fiscal sustainability," the statement released early on Monday said. "No change in fundamentals warrants the recent financial tensions faced by Spain and Italy. We welcome the additional policy measures announced by Italy and Spain to strengthen fiscal discipline and underpin the recovery in economic activity and job creation," it added. Group of 20 Nations Said Monday they stood ready to take "all necessary initiatives" to "ensure financial stability and liquidity in financial markets."  Listen to the original recording for this slide at either www.TraderView.com/GlobalInsights   or   www.GordonTLong.com/GlobalInsights
This chart is from the discussion recordedAugust 8th, 2011 POST ANNOUNCEMENTS Listen to the original recording for this slide at either www.TraderView.com/GlobalInsights   or   www.GordonTLong.com/GlobalInsights
This chart is from the discussion recordedAugust 8th, 2011 POST ANNOUNCEMENTS Listen to the original recording for this slide at either www.TraderView.com/GlobalInsights   or   www.GordonTLong.com/GlobalInsights
This chart is from the discussion recordedAugust 8th, 2011 POST SUNDAY EVENTS POST ANNOUNCEMENTS 45 Minutes After Open DOW 		-304             -2.66%    S&P 500 		   -38            -3.24% NASDAQ		   -88            -3.48% European Stoxx-235         -1.57% “Gold has surged to $1705/oz, a new record, Listen to the original recording for this slide at either www.TraderView.com/GlobalInsights   or   www.GordonTLong.com/GlobalInsights
This chart is from the discussion recordedAugust 8th, 2011 CAN THEY STOP THE UNWIND? Listen to the original recording for this slide at either www.TraderView.com/GlobalInsights   or   www.GordonTLong.com/GlobalInsights
This chart is from the discussion recordedAugust 8th, 2011 POST SUNDAY EVENTS Listen to the original recording for this slide at either www.TraderView.com/GlobalInsights   or   www.GordonTLong.com/GlobalInsights

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Global insights audio-slides-08-08-11

  • 1. This chart is from the discussion recordedAugust 8th, 2011 POST SUNDAY EVENTS Listen to the original recording for this slide at either www.TraderView.com/GlobalInsights or www.GordonTLong.com/GlobalInsights
  • 2. This chart is from the discussion recordedAugust 8th, 2011 POST SUNDAY EVENTS BEFORE THE ANNOUNCEMENTS Israeli Stock Index Tumbles Most Since 2008 Israel Drops 7 Percent, 19.9% Since April 21Dubai Shares Drop Most Since February Dubai Shares Drop 3.7 PercentSaudi Shares Plunge as U.S. Downgrade Fuels Concern Over Global Economy Saudi Shares Plunge 5.5% And They're Off: Gold Spikes, S&P Down 2.7% In Early Post-Downgrade Trading S&P Down 2.7% “Gold has surged to $1691/oz, a new record, S&P futures are off about 2.7%, In early Tokyo trading, the market is down about 1.5%.” Listen to the original recording for this slide at either www.TraderView.com/GlobalInsights or www.GordonTLong.com/GlobalInsights
  • 3. This chart is from the discussion recordedAugust 8th, 2011 POST SUNDAY EVENTS Statement by the President of the ECB 1. The Governing Council of the European Central Bank (ECB) welcomes the announcements made by the governments of Italy and Spain concerning new measures and reforms in the areas of fiscal and structural policies. The Governing Council considers a decisive and swift implementation by both governments as essential in order to substantially enhance the competitiveness and flexibility of their economies, and to rapidly reduce public deficits. 2. The Governing Council underlines the importance of the commitment of all Heads of State or Government to adhere strictly to the agreed fiscal targets, as reaffirmed at the euro area summit of 21 July 2011. A key element is also the enhancement of the growth potential of the economy. 3. The Governing Council considers essential the prompt implementation of all the decisions taken at the euro area summit. In this perspective, the Governing Council welcomes the joint commitment expressed by Germany and France today. 4. The Governing Council attaches decisive importance to the declaration of the Heads of State or Government of the euro area in the inflexible determination to fully honour their own individual sovereign signature as a key element in ensuring financial stability in the euro area as a whole.. 5. It equally considers fundamental that governments stand ready to activate the European Financial Stability Facility (EFSF) in the secondary market, on the basis of an ECB analysis recognising the existence of exceptional financial market circumstances and risks to financial stability, once the EFSF is operational. 6. It is on the basis of the above assessments that the ECB will actively implement its Securities Markets Programme. This programme has been designed to help restoring a better transmission of our monetary policy decisions – taking account of dysfunctional market segments – and therefore to ensure price stability in the euro area Listen to the original recording for this slide at either www.TraderView.com/GlobalInsights or www.GordonTLong.com/GlobalInsights
  • 4. This chart is from the discussion recordedAugust 8th, 2011 POST SUNDAY EVENTS Listen to the original recording for this slide at either www.TraderView.com/GlobalInsights or www.GordonTLong.com/GlobalInsights
  • 5. This chart is from the discussion recordedAugust 8th, 2011 POST SUNDAY EVENTS The Group of Seven Nations “Is committed to taking coordinated action to ensure liquidity and to support financial market functioning, financial stability and economic growth”, G7 finance ministers and central bank governors said in a statement. "These actions, together with continuing fiscal discipline efforts will enable long-term fiscal sustainability," the statement released early on Monday said. "No change in fundamentals warrants the recent financial tensions faced by Spain and Italy. We welcome the additional policy measures announced by Italy and Spain to strengthen fiscal discipline and underpin the recovery in economic activity and job creation," it added. Group of 20 Nations Said Monday they stood ready to take "all necessary initiatives" to "ensure financial stability and liquidity in financial markets." Listen to the original recording for this slide at either www.TraderView.com/GlobalInsights or www.GordonTLong.com/GlobalInsights
  • 6. This chart is from the discussion recordedAugust 8th, 2011 POST ANNOUNCEMENTS Listen to the original recording for this slide at either www.TraderView.com/GlobalInsights or www.GordonTLong.com/GlobalInsights
  • 7. This chart is from the discussion recordedAugust 8th, 2011 POST ANNOUNCEMENTS Listen to the original recording for this slide at either www.TraderView.com/GlobalInsights or www.GordonTLong.com/GlobalInsights
  • 8. This chart is from the discussion recordedAugust 8th, 2011 POST SUNDAY EVENTS POST ANNOUNCEMENTS 45 Minutes After Open DOW -304 -2.66% S&P 500 -38 -3.24% NASDAQ -88 -3.48% European Stoxx-235 -1.57% “Gold has surged to $1705/oz, a new record, Listen to the original recording for this slide at either www.TraderView.com/GlobalInsights or www.GordonTLong.com/GlobalInsights
  • 9. This chart is from the discussion recordedAugust 8th, 2011 CAN THEY STOP THE UNWIND? Listen to the original recording for this slide at either www.TraderView.com/GlobalInsights or www.GordonTLong.com/GlobalInsights
  • 10. This chart is from the discussion recordedAugust 8th, 2011 POST SUNDAY EVENTS Listen to the original recording for this slide at either www.TraderView.com/GlobalInsights or www.GordonTLong.com/GlobalInsights