Global insights audio-slides-08-01-11

This chart is from the discussion recordedAugust 1st, 2011

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

DEFICIT DEAL

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DEBT DEALFinal Elements: $2.1T

• Provides initially for $917 billion in spending cuts over 10 years. • A special committee of lawmakers would be charged with finding another $1.5 trillion in deficit reduction, which could come through a tax overhaul and changes to safety-net programs. • If the committee doesn't find at least $1.2 trillion in savings, or Congress doesn't adopt its proposals, a pre-set array of spending cuts would kick in, including cuts in military spending and Medicare payments to health-care providers.

Mr. Obama called the top Democratic and Republican leaders from both chambers Sunday night to make sure everyone was on board just 10 minutes before he appeared in the White House briefing room to announce the deal.


DEFICIT DEAL






STARTLING REVISIONS!





GDP WEAKENING RAPIDLY





DURABLE GOODS – As Disappointing as GDP





REALITY





SAME STORY, Over and Over….





THE BUDGET DOES NOT REFLECT THIS





ONE SHOCK AWAY FROM A DOUBLE DIP RECESSION





POT POURRI



Global insights audio-slides-08-01-11

Economy & Finance

Transcript of Global insights audio-slides-08-01-11