Blog Archives

European Debt Crisis: Banks and Markets continue to pay for Spanish folly

Greek elections set a few tumblers right but the numbers on the Spanish 10 Y bond yields put the spinning banks firmly into the centre of the whirlpool, European Banks losing billions in Market Cap led by Bankia, down another

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

US Economy: Dull, weak, wait, Tired, May, Recovery??? Duh!

Case Schiller good news Tuesday for May 2012, would have equity markets in raptures throughout the day as the YOY change for the Seasonally adjusted data is just 2.8% below March 2011 in the data released for March 2012 this

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Posted in Amitonomics, housing, Retail Lifestyle, US

US Economy: How about a Spanish Haven and other inspirational stories for a Thursday morning

The whole issue with Sain comes with the Spanish government not holding much debt of its own but banks needing over EUR 100 bln in Capital to fund their bad loans. However if a one time separation of these assets

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

S&P confirms its Spain ratings impact | Banking insight

BBVA and Santander were among more than a dozen banks downgraded in Spain after ?Italian Baanks suffered a similar fate last week on the sovereign downgrade impact. Fitch alsolowered ratings on Spanish lenders, confirming the markets fear and the double

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Posted in Financial Markets