1. This chart is from the discussion recordedAugust 7h, 2011 REMEMBER THE 2008 EMERGENCY SUNDAY MEETINGS!! 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 7th, 2011 OUTER CORE IN SERIOUS TROUBLES 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 7th, 2011 OUTER CORE IN SERIOUS TROUBLES GERMAN 1O YEAR BUNDS FLIGHT TO SAFETY 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 7th, 2011 OUTER CORE IN SERIOUS TROUBLES 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 7th, 2011 THE INNER CORE UNDER ATTACK 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 7th, 2011 EU 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 7th, 2011 AND NOW THE EU ECONOMY SLOWING!! 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 7th, 2011 AND THE GLOBAL ECONOMY IS SLOWING!! 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 7th, 2011 PANIC HAS SET IN 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 7th, 2011 THIS IS THE TIME FOR POLITICIANS TO PANIC NOT YOU! Listen to the original recording for this slide at either www.TraderView.com/GlobalInsights or www.GordonTLong.com/GlobalInsights
11. This chart is from the discussion recordedAugust 7th, 2011 MERKEL & SARKOZY MUST NOW DO THE HEAVY LIFTING Listen to the original recording for this slide at either www.TraderView.com/GlobalInsights or www.GordonTLong.com/GlobalInsights
Editor's Notes
In the case of Spain you have a rise of: 105 basis points from 5.25 to 6.30 or 20%In the case of Italy you have a rise of: 155 basis points from 4.75 to 6.30 or 33%
But consider that the flight to German Bunds is driving up prices and yields down.The German 10- Year Bund is trading at 2.35% or 235 bpsThe scale on the right showing the differential doesn’t effectively demonstrate the dramatic problem here!
In the case of Spain you have a differential rise of: 185 basis points from 1.85 to 3.7 – a doubling or 100%In the case of Italy you have a rise of: 220 basis points from 1.3 to 3.50 or 170%
