Helicopter Money (OMF) Coming During the Next Drawdown
Gordon T Long 11/19/2015
NOVEMBER 2015 Edition
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QE FOR THE PEOPLE
NOVEMBER MONTHLY MARKET COMMENTARY MARKET MESSAGE ................................................................................................................................. 3 I DEFINING CHARTS ..................................................................................................................................................................15 Defining Chart #3 - The Big M and Super Cycle b .................................................................................................................... 16 Defining Chart #4 Intermediate Term Topping Process ............................................................................................................. 18 The Bottom Line .............................................................................................................................................................................. 21 II TARGETS .................................................................................................................................................................................23 III QUARTERLY SENTIMENT RISK AND FUNDAMENTALS ..................................................................................................28 NEW-SENTIMENT ............................................................................................................................................................................. 28 NEW-RISK ANALYSIS - Complacency .......................................................................................................................................... 33 NEW-FUNDAMENTAL ANALYSIS Valuation Summary ............................................................................................................ 33 IV STUDIES..................................................................................................................................................................................34 Q3 EARNINGS Earnings Now Surfacing as a Problem .........................................................................................................35 STUDY: Q3 EARNINGS -...............................................................................................................................................................35 CHARTS OF NOTE ............................................................................................................................................................................ 35 BUYBACKS Update....................................................................................................................................................................38 STUDY: BUYBACKS .....................................................................................................................................................................38 CHARTS OF NOTE ............................................................................................................................................................................ 39 WEAKENING BREADTH Market Has Lost Momentum..........................................................................................................42 NEW-STUDY: WEAKENING BREADTH ......................................................................................................................................42 NEW-CHARTS OF NOTE ................................................................................................................................................................. 43 V - TRIGGER$ ZONES ...................................................................................................................................................................46 VI - DRIVER$ & BIA$ .....................................................................................................................................................................47
QE FOR THE PEOPLE ............................................................................................................................ 48
WHAT ARE THE CENTRAL BANKERS' OPTIONS? ..................................................................................................................48 JAPAN HAS SHOWN US QE DOESNT WORK More Than Enough Proof! ........................................................................54 Japan's Problems Will Not Be Solved By More QE, RBS Warns ................................................................................................. 55 Japan Falls into Recession for Second Time Under 'Abenomics' ................................................................................................ 58 WHAT THEY THINK NEEDS TO BE DONE .................................................................................................................................60 Further Expansion of the Central Bank Balance Sheets ............................................................................................................... 60 Shadow Banking & Securitization Wont Carry the Day ................................................................................................................ 62 OMF Helicopter Money ..........................................................................................................................................................67 QE for the People ............................................................................................................................................................................... 72 NIRP Negative Interest Rate Policy .........................................................................................................................................77 Negative Interest Rates the New Normal Next Time Economies Slump ..................................................................................... 77 WAR ON CASH The Impediment MUST Be Removed ...........................................................................................................81 The Government Can Manipulate Digital Accounts More Easily than Cash ............................................................................... 82 Policymakers or Central Planners? .................................................................................................................................................. 84 The Worlds First Cashless Society .................................................................................................................................................. 85 Making The Negative Interest Rate Scam Possible ....................................................................................................................... 85 COLLATERAL GUARANTEES - Keeping the Pyramided Debt from Imploding the System ...............................................86