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This chart is from the discussion recorded August 5th, 2011 Listen to the original recording for this slide at either www.TraderView.com/GlobalInsights or www.GordonTLong.com/GlobalInsights WEEKLY WRAP

Global insights audio-slides-08-05-11

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Page 1: Global insights audio-slides-08-05-11

This chart is from the discussion recordedAugust 5th, 2011

Listen to the original recording for this slide at either www.TraderView.com/GlobalInsights or www.GordonTLong.com/GlobalInsights

WEEKLY WRAP

Page 2: Global insights audio-slides-08-05-11

This chart is from the discussion recordedAugust 5th, 2011

Listen to the original recording for this slide at either www.TraderView.com/GlobalInsights or www.GordonTLong.com/GlobalInsights

PROBLEM #1: HEAD & SHOULDERS PANIC

Page 3: Global insights audio-slides-08-05-11

This chart is from the discussion recordedAugust 5th, 2011

Listen to the original recording for this slide at either www.TraderView.com/GlobalInsights or www.GordonTLong.com/GlobalInsights

PROBLEM #2: MAJOR SUPPORT VIOLATION

Page 4: Global insights audio-slides-08-05-11

This chart is from the discussion recordedAugust 5th, 2011

Listen to the original recording for this slide at either www.TraderView.com/GlobalInsights or www.GordonTLong.com/GlobalInsights

PROBLEM #3: EUROPEAN BANKING PANIC

Page 5: Global insights audio-slides-08-05-11

This chart is from the discussion recordedAugust 5th, 2011

Listen to the original recording for this slide at either www.TraderView.com/GlobalInsights or www.GordonTLong.com/GlobalInsights

PROBLEM #4: OUTER CORE - ITALY, SPAIN

Page 6: Global insights audio-slides-08-05-11

This chart is from the discussion recordedAugust 5th, 2011

Listen to the original recording for this slide at either www.TraderView.com/GlobalInsights or www.GordonTLong.com/GlobalInsights

PROBLEM #4: OUTER CORE - ITALY, SPAIN

BNY Mellon to charge on $50m-plus deposits. Response to ‘sudden’ rise in cash holdings

GERMAN 2 YEAR NOTES

Page 7: Global insights audio-slides-08-05-11

This chart is from the discussion recordedAugust 5th, 2011

Listen to the original recording for this slide at either www.TraderView.com/GlobalInsights or www.GordonTLong.com/GlobalInsights

PROBLEM #5: BOJ FORCED TO GO IT ALONE

YEN CARRY TRADEThe Global Cash Spigot

is Jammed!

Page 8: Global insights audio-slides-08-05-11

This chart is from the discussion recordedAugust 5th, 2011

Listen to the original recording for this slide at either www.TraderView.com/GlobalInsights or www.GordonTLong.com/GlobalInsights

PROBLEM #6: US LEADERSHIP