Global insights audio-slides-11-16-11-super_committee

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  • BLOW UP IN THE EU BOND MARKET (1)MERKEL’S ‘WILL NOT SUPPORT EUROBOND POSITION (2)
  • Joint Select Committee on Deficit Reduction GOAL Findat least $1.2 trillion in savingsThe group must first reach a deal that at least 7 of 12 committee members can accept - vote on it by midnight Nov. 23 (Next Wednesday). Legislative proposal considered before Christmas in the House and Senate:without any amendments or procedural hurdles such as a filibuster — just straight up-or-down votes. Will likely need not the 7 majority (of 12) but rather 8 and balanced to gain congressional momentumNeed not be revisited until spring 2013 – after the electionNO DEALOn top of more than $900 billion in cuts to federal agency spending already planned, these cuts are considered very punitive. Sen. Carl Levin (D-Mich.), chairman of the Senate Armed Services Committee, dismisses “trigger” as a colloquialism and instead calls it a “nuclear suitcase,” with fallout that would cripple the Pentagon and other domestic programs key to the working class. The Third Way, a centrist Democratic group, estimated that 3,700 agents from the Justice Department would lose their jobs, border patrols would be cut by 25 percent, and more than 2,300 IRS agents would lose their jobs. PUNTIn recent days lawmakers have openly talked about approving a partial deficit-reduction plan, with a mandate for regular congressional committees to come back early next year with a large rewrite of the federal tax code that could both increase revenue and lower rates. “There could be a two-step process that would hopefully give us pro-growth tax reform,” Hensarling said Sunday.Such a plan would allow for the spending cuts to be agreed upon in the next few weeks and whatever savings come from increased revenue would be spelled out by the tax-writing House Ways and Means and Senate Finance committees. Those two panels are represented on the supercommittee by their chairmen, Rep. Dave Camp (R-Michigan) and Sen. Max Baucus (D-Mont.).This would buy more time for the deeply complex issue of simplifying the tax code. However, the only way such a move could work would be if both sides agreed to an overall number for increased tax revenue — and if they instituted another trigger, in case Camp and Baucus failed at tax reform next year. Without a formal trigger, the Congressional Budget Office would not formally give the supercommittee’s proposal official clearance for meeting the necessary $1.2 trillion in savings. Additionally, Democrats would not likely agree to spending cuts now with a vague promise for tax revenue next year.McCain said Monday that the automatic cuts are "not expressed on golden tablets," suggesting they could be reversed.
  • CONGRESSIONAL INSIDER TRADING (3)
  • Global insights audio-slides-11-16-11-super_committee

    1. 1. This chart accompanies the podcast recorded November 16th, 2011 THE DEBT COMMITTEE Listen to the original podcast for this slide at either www.GordonTLong.com/GlobalInsights or www.TraderView.com/GlobalInsightsThe content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of thisslide 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. 2. This chart accompanies the podcast recorded November 16th, 2011 DEFICIT SUPER COMMITTEE “Obama Warns Debt Super Committee THREE PATHS: Not to Cheat on Deficit-Cutting Mandate” FOX News DEAL • Large Amounts a new tax revenue • Cuts to Medicare & Medicaid ($500B) • Cuts in Mandatory: i.e. Ag subs ($250B) NO DEAL • Sequestration or Trigger $1.2T • Whoever wins election implements • 50% Defense, 50% Soc. Sec. & Medicare • Financial Market Fall Out PUNT • Two Step Process • Revamp Tax Code “lawmakers over the past several days have increasingly talked up • Vague agreements (based on tax the idea of simply changing the law so that those cuts -- particularly revamp) to satisfy CBO to the Pentagon -- would not go into effect should the committee fail.” – Fox News Listen to the original podcast for this slide at either www.GordonTLong.com/GlobalInsights or www.TraderView.com/GlobalInsightsThe content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of thisslide 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. 3. This chart accompanies the podcast recorded November 16th, 2011 CRONY CAPITALISM – It’s Now Out of Control “lawmakers are exempted from the insider trading laws they impose on private traders” Listen to the original podcast for this slide at either www.GordonTLong.com/GlobalInsights or www.TraderView.com/GlobalInsightsThe content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of thisslide 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. 4. This chart accompanies the podcast recorded November 16th, 2011 PASSE TO PAY TAXES Listen to the original podcast for this slide at either www.GordonTLong.com/GlobalInsights or www.TraderView.com/GlobalInsightsThe content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of thisslide 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. 5. This chart accompanies the podcast recorded November 16th, 2011 SAFE HAVEN? Listen to the original podcast for this slide at either www.GordonTLong.com/GlobalInsights or www.TraderView.com/GlobalInsightsThe content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of thisslide 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. 6. This chart accompanies the podcast recorded November 16th, 2011 NOT SO FAST! Listen to the original podcast for this slide at either www.GordonTLong.com/GlobalInsights or www.TraderView.com/GlobalInsightsThe content of this slide should not be considered investment advice of any sort, nor should it be used to make investment decisions. Use of thisslide 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. 7. This chart accompanies the podcast recorded November 16th, 2011 THE DEBT COMMITTEE 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 either www.GordonTLong.com/GlobalInsights or www.TraderView.com/GlobalInsights

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