Blog Archives

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: Another global day of ruins and Greece may yet leave the Euro

IT looks likely that Euro will break down from the 1.32 levels of earlier this weak when it continues from $1.297 levels as US Economic data remains wishy washy about the recovery but the Aussie and the Euro have finally

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Posted in Amitonomics, Banking, US

Moody’s downgrades Six Nations putting UK on negative watch | Insight Europe

Moody’s did not derate France because of the size of its Economy and increased productivity , probably vindicating the French tirade against rating agenceis after the S&P downgrade and the French Fitch’ refusal to downgrade  the home grounds. the decision

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Posted in Financial Markets

European Debt Crisis: S&P downgrades Italian Banks

Despite multiple actions on banks near or around the sovereign downgrades of last month, the sovereign downgrades to A+ for Itaaly and Junk for Portugal have not been factored into the banks’ ratings. S&P has S&P followed thexplicitly factorised the

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Posted in Financial Markets

The EFSF has been downgraded by S&P | Insight Europe

For some reason, S&P did not need any working days to discover if the remaining AAA countries would take affirmative action after German PM Angela Merlkkel mentioned the downgrade may be better than increasing guarantees of the fund though the

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Posted in Financial Markets

S&P Ratings playoffs – France downgraded, Luxembourg and Netherlands retain AAA | Insight Europe

S&P ratings came through late on Friday, a full day laden of expectations belying the small rally for the Euro from the 16 month low on Wednesday and Thursday as the Euro ended Friday at 1.26 levels again. Seven ratings were unchanged,

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Posted in Amitonomics, European Sovereign Debt crisis, Financial Markets

Here comes la rabaisser, el rebajar, the downgrade | Insight Europe

The Euro zone news that yet moves everyone is here with France losing its AAA status and the formal announcement expected by the Financial markets with alacrity. France will join a half a dozen other s or more as Germany

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

Derisking your capital-at-large portfolio | Advantage Banking (European Banks deleveraging)

Caution: The contents of this bank secret are not proprietary and frequently in use at all large institutions including those not targeted by the Occupy movement. Most parts of this secret are not transferable to automatic protection against fraud and

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Posted in Banking, European Sovereign Debt crisis, US

The math of being broke III – The S&P problem with Debt projections

The agency S&P shared its preliminary rating with the Capitol on Friday where the Treasury showed it a deficit lower by $2 tln and S&P admitted to the mistakes which affected the debt ratio to the GDP projected out by

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Posted in Banking, US

A downgrade for US even as Moody's postpones the inevitable

S&P downgraded long term US debt to AA+ even as it maintained A1+ rating on short term instruments. The downgrade is headlined “On Political Risks and Rising Debt Burden” and the outlook is negative. S&P follows Dagong into a beat

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Posted in Amitonomics, US