Deflation, Chinese tightening and Euro stress - disasters come in threes

New York - Friday June 18th 2010

Harvard Club 35 W 44th Street New York 10036

This is a morning event followed by lunch. To reserve a place or to make an enquiry please contact Jacqueline Rolandelli, jr@lombardstreetresearch.com.

Programme

09.15 a.m. Registration and Coffee

10.00 a.m. Welcome from Managing Director, Peter Allen

10.10 a.m. Charles Dumas

10.50 a.m. Break

11.00 a. m. Dennis Gartman

12.00 noon Q and A

12.15 p.m. Lunch

Timings are approximate

Content

As we predicted volatility has returned to dominate financial markets with the twin issues of sovereign debt risk and currency credibility uppermost in investor’s minds. This seminar will take the form of a debate and discussion on the global macroeconomic issues likely to dominate in 2010 and 2011.

Charles Dumas will set out the reasons why we are forecasting deflation in developed markets (except the UK), why Chinese over-heating and forthcoming monetary tightening will remove support for equities and other risk assets, and why internal stress in the Euro area could lead the continent into Depression.

Dennis Gartman, our guest speaker on this occasion, will present his views on the future of the Euro and the attendant political problems. His talk is titled: 'The Great European Experiment: Tying Gulliver Down - and the Strings Are Fraying".

About the speakers

Charles Dumas is Chairman of the Company and our Chief Economist. He has written two books on China and a third one is in progress. He is widely regarded as being the first to recognise the Asian savings glut which led to the 2008 global credit crisis.

Dennis Gartman is editor of the well-known financial commentary The Gartman Letter which he has been publishing since 1987.

Over the years, he has conducted numrous presentations and courses on issues relating to the capital markets and derivatives for various brokerage firms, central banks, and U.S. government entities. In recent years, Mr. Gartman has been a frequent guest on leading financial television and radio networks