Blog Archives

US Economy: President Obama ready to begin second Term on January 21, 2013 with pleas to a gridlocked Congress

His second term will expire at 11:59 pm on January 20, 2017 till when if the gridlocked Congress is not resolved in his favor some form of the fiscal cliff budget cuts will continue to be needed to bridge the

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Posted in Financial Markets

US Week Ahead: August 12, 2012 – August 18, 2012: Paul Ryan for Vice President

The Treasury budget deficit is still going to cross the $1T mark and no one is likely to give President Obama extra marks for managing the economy in a crisis but he seems to have an edge over Mitt Romney

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Posted in Amitonomics, housing, Retail Lifestyle, US

US Week Ahead: August 12, 2012 – August 18, 2012: Not much hope nor change but no Republicans please. Paul Ryan for Vice President

The Treasury budget deficit is still going to cross the $1T mark and no one is likely to give President Obama extra marks for managing the economy in a crisis but he seems to have an edge over Mitt Romney

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Posted in Amitonomics, Banking, Film making, Financial Markets, US

US Morning Report: Healthcare Law makes it, Sun comes out in the East and the GDP grows 2%

JP Morgan’s woes aside ( The company reports on July 13 and the CDS are holding fine) Obama’s Affordable Care Act is through with the bench led by Chief Justice John Roberts upholding the law in an immediate announcement. The

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Posted in Amitonomics, Banking, Financial Services, US

US Morning Report : Current Account Deficit stays at 2011 levels, futures trade up

After the full year 2011 Current Account Deficit reported a $473 B in March, today’s data for Q1 remains a large $132 B and apparently it does not hurt the US economy much even as without Investment Income, the goods

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

US Economy: There you go, now you can bin it! – Jobs Friday / ISM for May

  Recovery hopes dashed by Bad News Thursday were yet eagerly awaiting the expected 158,000 Job additions in the Jobs report after a mid afternoon stock recovery. The Dow Jones is now trading another 200 points lower after the report

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Posted in Amitonomics, housing, Retail Lifestyle, US

US Economy (EoD Review): 3 year Auction, Santorum quits race

The hiring reports were the toast of the market with the 3.5 mln new hiring in February creating a new rush order interest in the markets, volumes rising 60% on the NYSE. The number of unemployed in the economy for

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Posted in Amitonomics, Banking, US

Pelosi Amendment (STOCK ACT) signed into law | Insider Insight

The new law prohibiting Insider Trading on Capitol Hill i.e. among lawmakers and administrators privy to details of industries and upcoming regulations is to be signed by the President int he next few, ending an Era of ridiculous promiscuity when

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Posted in Amitonomics, Financial Markets

US Economy: A 13 bp rise in retail Home loan rates hurt!!!

The Purchase and Refi indices crashed -1% and -9% for a composite downtick of 7.4% this week even as 3 in four mortgage applications were from Refi last week. Illinois in the meantime had a resounding 46% mandate for Romney,

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

Iran Sanctions: Addendum : IEA / SPR withdrawal refuted

It seems that cat got the whitehouse’s tongue after the reaction to its withdrawal with the UK from the Strategic Reserves was pretty muted ( zerohedge mentions it as less than $2 to barrel ) CSX up 7% despite weak

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Posted in Amitonomics