China, Japan and Central Banking

By: Gordon Long | Tue, Mar 5, 2013
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Bill Laggner

Two-part video presentation with Special Guest Bill Laggner

With the aid of 77 slides, The Three-Way Round Table discusses the issues facing China and Japan in the context of Central Bank actions. The false perception of Central Bank omnipotence, both within these sovereign countries and globally is also explored.

Bill Laggner highlights some serious reservations he has about the prognosis for China and Japan based on the degree to which credit has expanded. This is a direct result of the Shadow Banking structures and invested in real estate construction, which he senses is now showing a top to be in.

China GDP per Capita

Many of the issues facing China are poorly understood due to opaque and misleading reporting, in addition to false perceptions by western investors.

China's GDP and Credit Boom

Overall Global Expectations for 2013

  1. Profit Recession Likely
  2. Expect Credit Spreads to Widen
  3. Sovereign Debt Levels to Continue to Increase Unabated
  4. Continued & Growing Fiscal Deficits Around the world
  5. Looming Tax Revenue Problems
  6. A Shrinking REAL Economy
  7. Profits have Peaked for this Cycle Fewer and
  8. Fewer Places to Speculate In the Chase for Yield

Investor confidence in the omnipotence of central bankers is misplaced in Bill's eyes, and investors will pay the price in the not to distant future.

PART I - China & Japan

25 Minutes, 34 Slides


PART II Central Banks: Perception of Omnipotence

27 Minutes, 43 Slides



Gordon Long

Author: Gordon Long

Gordon T. Long
Publisher - LONGWave

Gordon T. Long

Gordon T. Long has been publically offering his financial and economic writing since 2010, following a career internationally in technology, senior management & investment finance. He brings a unique perspective to macroeconomic analysis because of his broad background, which is not typically found or available to the public.

Mr. Long was a senior group executive with IBM and Motorola for over 20 years. Earlier in his career he was involved in Sales, Marketing & Service of computing and network communications solutions across an extensive array of industries. He subsequently held senior positions, which included: VP & General Manager, Four Phase (Canada); Vice President Operations, Motorola (MISL - Canada); Vice President Engineering & Officer, Motorola (Codex - USA).

After a career with Fortune 500 corporations, he became a senior officer of Cambex, a highly successful high tech start-up and public company (Nasdaq: CBEX), where he spearheaded global expansion as Executive VP & General Manager.

In 1995, he founded the LCM Groupe in Paris, France to specialize in the rapidly emerging Internet Venture Capital and Private Equity industry. A focus in the technology research field of Chaos Theory and Mandelbrot Generators lead in the early 2000's to the development of advanced Technical Analysis and Market Analytics platforms. The LCM Groupe is a recognized source for the most advanced technical analysis techniques employed in market trading pattern recognition.

Mr. Long presently resides in Boston, Massachusetts, continuing the expansion of the LCM Groupe's International Private Equity opportunities in addition to their core financial market trading platforms expertise. is a wholly owned operating unit of the LCM Groupe.

Gordon T. Long is a graduate Engineer, University of Waterloo (Canada) in Thermodynamics-Fluid Mechanics (Aerodynamics). On graduation from an intensive 5 year specialized Co-operative Engineering program he pursued graduate business studies at the prestigious Ivy Business School, University of Western Ontario (Canada) on a Northern & Central Gas Corporation Scholarship. He was subsequently selected to attend advanced one year training with the IBM Corporation in New York prior to starting his career with IBM.

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.

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