Blog Archives

IT’S MONDAY: The Fed purchase program is quite a workout for the Market

Fisher seems to have kicked things off immediately with his comments positing that slowing down the $85B monthly bond purchase program could do US some good, Then Chicago Fed reported an ever worsening Midwest CFNAIdata for the month of April

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Posted in Financial Markets

IT’s MONDAY: Eurozone comeback isn’t but Euro’s comeback is

As a Rabobank strategist put it in today’s Reuters insider videogram, because of the fragmented euro bond markets in 2010 and 2011 , the current strength in the Euro is much more than a euphoric pick up on German manufacturing

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Posted in Financial Markets

IT’S MONDAY! Jobs report and superb results put a positive spin on mixed Economic data (US Economy – May 06-10, 2013)

The deflation risks in a negative reported inflation or falling retail sales and even jobs and hours worked seemed to be forgotten for the week on Friday after the headine numbers of the Jobs report pushed the Dow to 15k

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Posted in Financial Markets

US Morning Report: Futures flat, Euro offers no immediate panic

The Durable Goods report came through for US investors on the May data, with the overall Durable goods purchases growing 1.1% after a down/flat March and April. Year on Year data however has pegged to a lower 4.6% growth after

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Posted in Amitonomics, Banking, Financial Services, US

US Morning report: It starts with a dull PMI and then, Jobless claims do not add up

It is mostly Global moves from across the  pond hurting this nation as euro data disappoints (The lowdown here) The MarkIt PMI hasn’t caught on the fancy of US Economists though with the HSBC PMI down a point to 52.9

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Posted in Amitonomics, Bailout Nation, US

US Week ahead: Greece may yet be undecided, FOMC, Housing Starts and that dropping PMI

Trade Balance data from Italy dropped $0.7B to a few millions in deficit as the Export markets in EU have held on month but are down 5% for the year from previous April. Imports fell 9.3% on year but were

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Posted in Amitonomics, European Sovereign Debt crisis, US

US Economy: Free fall in Oil prices to continue, even as offtake rises, to what avail

At the same time Tuesday for now 13 weeks from the end of February when the last of the risk on assets proved growth, Oil inventories had been rising and despite their utilisation going up since earlier this week, record

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Posted in Amitonomics, Banking, European Sovereign Debt crisis, US

China Trade Data and Economic lead points to longer term health | China Insight

In an asymmetrical economic miracle such as China the Dollar’s strengthening has already led to a 6.36 rate to the Dollar contrary to expectations of continuing depreciation to the Dollar. The talks of a hard landing and a squeeze on

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Posted in China, Financial Markets, Financial Services, US

US Economy: April Trade follows predictable pattern

Most of the global economy being snared by a dullness in production and services, April’s Imports and Exports for the US followed the predictable OECD pattern of a duller import month led by a large fall in Petroleum imports as

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Posted in Amitonomics, Retail Lifestyle, US

The Thursday Fed Update: That rate keeps trending down, Budget Surplus and a Dimon induced spiral – US Economy (Thursday EoD Review)

Someone must be happy we are paying only 3% interest on 30 Y US debt but it is all getting too close to call a bad year for 2013 or a year yonder. JP Morgan will survive its losses as its

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Posted in Amitonomics, Banking, European Sovereign Debt crisis, US