Gordon T Long -Tipping Points

SCHEDULE: 1st Pass: 5:30AM EST, 2nd Pass: 8:00 AM, 3rd Pass 10:30 AM. Last Pass 5:30 PM

ARTICLE SOURCE 1 2 3 4 5 6 7 8 9 10

Europe's Crisis Widens WSJ X

US Ready to Back Bigger EU Stability Fund: Official CNBC X

U.S. Treasury: No talks now on bigger EU fund MW X

Euro crisis worries spread, U.S. to send envoy Reuters X

PIGS CDS Maoxian X

EMU requires 'nuclear response' Telegraph X

Why European debt defaults are necessary Salmon X

Euro Crisis Threatens Financial Armageddon III IB Times X

PORTUGAL

Portugal banks face 'intolerable' risk unless austerity measures are implemented Telegraph X

Portugal May Be Cut by S&P... Bloomberg X

SPAIN

Only one of the PIIGS matters. S is for Spain Monica X

Spain to Sell Stake in State Lottery, Eliminate Jobless Benefit Bloomberg X

Spain to sell stake in lucrative state lottery FT X

IRELAND

Irish, Greek defaults will reshape Europe Rubin X

Ireland's debt servitude Pritchard X

The Irish Banking Crisis: A Parable Harvard X

Animated Video Huffington Post X

USA

U.S. May See a Double-Dip Recession, 10% Unemployment Next Year, UN Says Bloomberg X

Eight million consumers stop using credit cards CNN X

Eurozone bail-out fund to issue bonds FT X

US States Face More Financial Stress: Official Report AP X

Construction Spending in U.S. Unexpectedly Climbs on Residential Projects Bloomberg X

2nd Leg of Home Price Declines Underway Zacks X

House Prices - Tip of Iceberg of Housing Market Woes N Trust X

Foreclosures: Still in Limbo Global Insightts X

The Foreclosure Pileup: More Bad News for the US Economy Huffington Post X

ARTICLE SOURCE 11 12 13 14 15 16 17 18 19 20

Employers in U.S. Announce Most Job Cuts in Eight Months, Challenger Says Bloomberg X

Bernanke worries slow economy limiting job growth AP X

Unemployment checks to 2 million to stop by the end of December USAT X

State Street to cut 1,400 jobs in reorganization AP X

BarCap to cut hundreds of jobs as revenues fall FT X

Smaller Firms Still Hesitant to Hire WSJ X

Tax Cuts Likely to Be Extended Temporarily WSJ X

In Tax Cuts, the Options Run Short NY Times X

Obama debt panel delays final vote CNN X

Is Congress making money off advance economic knowledge? WT X

CENTRAL BANKING & MONETARY POLICY

European banks took big slice of Fed aid FT

Fed reveals global extent of its backing FT

Fed loan details FT

Federal Reserve documents FT

Fed Names Recipients of $3.3 Trillion in Aid During Crisis Bloomberg

Fed To Release Details On Lending Programs Wednesday - Senator Dow Jones

Fed Survey: Growth Picks up in Most Places AP

IMF Expects to Double Lending Capacity WSJ

GENERAL INTEREST

Sunspot Analyst' Sees Major Military Conflict in 2012 CNN

MARKET WARNINGS

Commodities daily- Falling shipping rates mask truth FT

CURRENCY WARS

Dollar Proves Best-Returning Asset in November, Defies Skeptics Bloomberg

Volcker Says Dollar's Role in Danger as U.S. Influence Declines Bloomberg

Overseas money floods Chinese property market China Daily

VIDEO TO WATCH

The Day the Dollar Died You Tube

Complete Legend to the Right, Top Items below.
Articles with highlights, graphics and any pertinent analysis found below.

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LATEST RESEARCH PUBLICATIONS

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COMMENTARY for all articles by Gordon T Long

CURRENCY WARS: Debase, Default, Deny!

In September 2008 the US came to a fork in the road. The Public Policy decision to not seize the banks, to not place them in bankruptcy court with the government acting as the Debtor-in-Possession (DIP), to not split them up by selling off the assets to successful and solvent entities, set the world on the path to global currency wars.

By lowering interest rates and effectively guaranteeing a weak dollar, the US ignited an almost riskless global US$ Carry Trade and triggered an uncontrolled Currency War with the mercantilist, export driven Asian economies. We are now debasing the US dollar with reckless spending and money printing with the policies of Quantitative Easing (QE) I and the expectations of QE II. Both are nothing more than effectively defaulting on our obligations to sound money policy and a �strong US$�. Meanwhile with a straight face we deny that this is our intention.

Though prior to the 2008 financial crisis our largest banks had become casino like speculators with public money lacking in fiduciary responsibility, our elected officials bailed them out. Our leadership placed America and the world unknowingly (knowingly?) on a preordained destructive path because it was politically expedient and the easiest way out of a difficult predicament. By kicking the can down the road our political leadership, like the banks, avoided their fiduciary responsibility. Similar to a parent wanting to be liked and a friend to their children they avoided the difficult discipline that is required at certain critical moments in life. The discipline to make America swallow a needed pill. The discipline to ask Americans to accept a period of intense adjustment. A period that by now would be starting to show signs of success versus the abyss we now find ourselves staring into. A future that is now massively worse and with potentially fatal pain still to come. READ MORE

CURRENCY WARS: Misguided Economic Policy

The critical issues in America stem from minimally a blatantly ineffective public policy, but overridingly a failed and destructive Economic Policy. These policy errors are directly responsible for the opening salvos of the Currency War clouds now looming overhead.

Don�t be fooled for a minute. The issue of Yuan devaluation is a political distraction from the real issue � a failure of US policy leadership. In my opinion the US Fiscal and Monetary policies are misguided. They are wrong! I wrote a 66 page thesis paper entitled �Extend & Pretend� in the fall of 2009 detailing why the proposed Keynesian policy direction was flawed and why it would fail. I additionally authored a full series of articles from January through August in a broadly published series entitled �Extend & Pretend� detailing the predicted failures as they unfolded. Don�t let anyone tell you that what has happened was not fully predictable!

Now after the charade of Extend & Pretend has run out of momentum and more money printing is again required through Quantitative Easing (we predicted QE II was inevitable in March), the responsible US politicos have cleverly ignited the markets with QE II money printing euphoria in the run-up to the mid-term elections. Craftily they are taking political camouflage behind an �undervalued Yuan� as the culprit for US problems. Remember, patriotism is the last bastion of scoundres READ MORE

	BRIEFS
Obama's 'Hail Mary' Export Strategy

READER ROADMAP - 2010 TIPPING POINTS aid to positioning COMMENTARY

1-SOVEREIGN DEBT

2-EU BANKING CRISIS

3-BOND BUBBLE

4-STATE & LOCAL GOVERNMENT

5-CENTRAL & EASTERN EUROPE

6-BANKING CRISIS II

7-RISK REVERSAL

8-COMMERCIAL REAL ESTATE

9-RESIDENTIAL REAL ESTATE - PHASE II

10-EXPIRATION FINANCIAL CRISIS PROGRAM

11-PENSION CRISIS

12-CHRONIC UNEMPLOYMENT

13-GOVERNMENT BACKSTOP INSUR.

14-CORPORATE BANKRUPTCY

TODAY'S TIPPING POINTS UPDATE

RED ALERT

AMBER ALERT

ACTIVITY

MONITOR

Click to Enlarge

12-02-10

GEO-POLITICAL TENSIONS - ISRAEL / KOREA / IRAN

1- SOVEREIGN DEBT & CREDIT CRISIS

SOVEREIGNS

Europe's Crisis Widens WSJ

A paradox of the debt crisis is that the 16-nation euro zone, as a whole, has a budget deficit of around 6% of GDP and total public debts of around 84% of GDP. While not exactly low...that is healthier than in the U.S., which is running a budget deficit of over 11% and has total debts of around 92% of GDP.

US Ready to Back Bigger EU Stability Fund: Official CNBC

U.S. Treasury: No talks now on bigger EU fund MW

Euro crisis worries spread, U.S. to send envoy Reuters

PIGS CDS Maoxian

Click to Enlarge

EMU requires 'nuclear response' Telegraph

�Once Spain needs assistance, the support of the ECB will be critical.�

Why European debt defaults are necessary Salmon Default Fears

Euro Crisis Threatens Financial Armageddon III IBTimes

PORTUGAL
Portugal banks face 'intolerable' risk unless austerity measures are implemented Tele
Portugal May Be Cut by S&P... BL
SPAIN
Only one of the PIIGS matters. S is for Spain La Monica

Spain to Sell Stake in State Lottery, Eliminate Jobless Benefit BL
Spain to sell stake in lucrative state lottery FT

IRELAND
Irish, Greek defaults will reshape Europe Rubin
Ireland's debt servitude Pritchard
The Irish Banking Crisis: A Parable Harvard
Animated Video Huffington Post
JAPAN

USA

U.S. May See a Double-Dip Recession, 10% Unemployment Next Year, UN Says BL

Eight million consumers stop using credit cards CNN

2- EU BANKING CRISIS

Eurozone bail-out fund to issue bonds FT

3- BOND BUBBLE

4- STATE & LOCAL GOVERNMENT

US States Face More Financial Stress: Official Report AP NASBO

5- CENTRAL & EASTERN EUROPE

6-BANKING CRISIS II

7- RISK REVERSAL

8- COMMERCIAL REAL ESTATE

9-RESIDENTIAL REAL ESTATE - PHASE II

Construction Spending in U.S. Unexpectedly Climbs on Residential Projects BL

2nd Leg of Home Price Declines Underway Zacks

House Prices - Tip of Iceberg of Housing Market Woes NTrust

Foreclosures: Still in Limbo Global Insight

The Foreclosure Pileup: More Bad News for the US Economy HP

10- EXPIRATION FINANCIAL CRISIS PROGRAM

11- PENSION & ENTITLEMENTS CRISIS

12- CHRONIC UNEMPLOYMENT

Employers in U.S. Announce Most Job Cuts in Eight Months, Challenger Says BL

Bernanke worries slow economy limiting job growth AP

Unemployment checks to 2 million to stop by the end of December USAT

State Street to cut 1,400 jobs in reorganization AP

BarCap to cut hundreds of jobs as revenues fall FT

Smaller Firms Still Hesitant to Hire WSJ

13- GOVERNMENT BACKSTOP INSURANCE

14- CORPORATE BANKRUPTCIES

17- CHINA BUBBLE

19- PUBLIC POLICY MISCUES

Tax Cuts Likely to Be Extended Temporarily WSJ

In Tax Cuts, the Options Run Short NYT (Leonhardt)

Obama debt panel delays final vote CNN

Is Congress making money off advance economic knowledge? WT

OTHER TIPPING POINT CATEGORIES NOT LISTED ABOVE

24-RETAIL SALES

26-GLOBAL OUTPUT GAP

31-FOOD PRICE PRESSURES

32-US STOCK MARKET VALUATIONS

Not Supported

BP - British Petroleum

SULTANS OF SWAP: BP Potentially More Devastating then Lehman!

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CENTRAL BANKING MONETARY POLICIES, ACTIONS & ACTIVITIES

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European banks took big slice of Fed aid FT

Fed reveals global extent of its backing FT

Fed loan details FT

Federal Reserve documents FT

Fed Names Recipients of $3.3 Trillion in Aid During Crisis BL FED

Fed To Release Details On Lending Programs Wednesday - Senator Dow Jones

Fed Survey: Growth Picks up in Most Places AP BBook

IMF Expects to Double Lending Capacity WSJ

The IMF expects to double its lending capacity to $450 billion over the next few months, giving it additional firepower to deal with the sovereign-debt crisis engulfing Europe.

GENERAL INTEREST
'Sunspot Analyst' Sees Major Military Conflict in 2012 CNN

MARKET WARNINGS
Commodities daily- Falling shipping rates mask truth FT

CURRENCY WARS
Dollar Proves Best-Returning Asset in November, Defies Skeptics BL

Volcker Says Dollar's Role in Danger as U.S. Influence Declines BL

Overseas money floods Chinese property market China Daily

Q3 EARNINGS

MARKET & GOLD MANIPULATION

AUDIO / VIDEO
The Day the Dollar Died YouTube

QUOTE OF THE WEEK

"Germany cannot keep paying for bail-outs without going bankrupt itself. This is frightening people. You cannot find a bank safe deposit box in Germany because every single one has already been taken and stuffed with gold and silver. It is like an underground Switzerland within our borders. People have terrible memories of 1948 and 1923 when they lost their savings."

Professor Wilhelm Hankel, of Frankfurt University
EU rescue costs start to threaten Germany itself - Telegraph

"We're not swimming in money, we're drowning in debts"

German finance minister Wolfgang Sch�uble before Bundestag
EU rescue costs start to threaten Germany itself - Telegraph

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Gordon T Long is not a registered advisor and does not give investment advice. His comments are an expression of opinion only and should not be construed in any manner whatsoever as recommendations to buy or sell a stock, option, future, bond, commodity or any other financial instrument at any time. While he believes his statements to be true, they always depend on the reliability of his own credible sources. Of course, he recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction, before making any investment decisions, and barring that, we encourage you confirm the facts on your own before making important investment commitments.ont>

� Copyright 2010 Gordon T Long. The information herein was obtained from sources which Mr. Long believes reliable, but he does not guarantee its accuracy. None of the information, advertisements, website links, or any opinions expressed constitutes a solicitation of the purchase or sale of any securities or commodities. Please note that Mr. Long may already have invested or may from time to time invest in securities that are recommended or otherwise covered on this website. Mr. Long does not intend to disclose the extent of any current holdings or future transactions with respect to any particular security. You should consider this possibility before investing in any security based upon statements and information contained in any report, post, comment or recommendation you receive from him.

CURRENT TIPPING POINTS

TODAY'S NEWS

THURSDAY

12-02-10

DECEMBER

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ARCHIVAL

TIPPING POINTS

1-SOVEREIGN DEBT & CREDIT CRISIS

2-EU BANKING CRISIS

3-BOND BUBBLE

4-STATE & LOCAL GOVERNMENT

5-CENTRAL & EASTERN EUROPE

6-BANKING CRISIS II

7-RISK REVERSAL

8-COMMERCIAL REAL ESTATE

9-RESIDENTIAL REAL ESTATE - PHASE II

10-EXPIRATION FINANCIAL CRISIS PROGRAM

11-PENSION CRISIS

12-CHRONIC UNEMPLOYMENT

13-GOVERNMENT BACKSTOP INSUR.

14-CORPORATE BANKRUPTCY

15-CREDIT CONTRACTION II

16-US FISCAL IMBALANCES

17-CHINA BUBBLE

18-INTEREST PAYMENTS

19-US PUBLIC POLICY MISCUES

20-JAPAN DEBT DEFLATION SPIRAL

21-US RESERVE CURRENCY.

22-SHRINKING REVENUE GROWTH RATE

23-FINANCE & INSURANCE WRITE-DOWNS

24-RETAIL SALES

25-US DOLLAR WEAKNESS

26-GLOBAL OUTPUT GAP

27-CONFIDENCE - SOCIAL UNREST

28-ENTITLEMENT CRISIS

29-IRAN NUCLEAR THREAT

30-OIL PRICE PRESSURES

31-FOOD PRICE PRESSURES

32-US STOCK MARKET VALUATIONS

33-PANDEMIC

34-S$ RESERVE CURRENCY

35-TERRORIST EVENT

36-NATURAL DISASTER

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