Blog Archives

US Economy (EoD review) : BHP speak still scares CAT, 5 yr Auction, SCOTUS and unburnt crude

Crude inventories climbed as perhaps over optimistic importers increased local supplies to 9 mln bpd and inventories climbed 7 mln barrels this week. Rest it’s as bad as ever but with factories not producing inventories are being lopped off for

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Posted in Amitonomics, Banking, Emerging Markets, US

JP Morgan’s European Exposure reported at $16 bln in the South | Banking Insight

Here’s the details from the 10k filed earlier 10 days ago. European loan book is well north of $100 bln but is mostly lending to UK, Swiss and Netherland Corporates that are almost half their European Exposure and two retain AAA

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

US Economy: Everything’s A-OK ( under the circumstances) – Global Markets Preview Friday AM

The Greek Swap is done, 95.7% the official number from the Greek government for the no. of investors agreeing to the PSI interchange(exchange) . China’s retail inflation has ticked down lower to 3.2% and except for more business for the

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Posted in Amitonomics, Banking, China, European Sovereign Debt crisis, Financial Markets, Global, India Infrastructure, Retail Lifestyle, US

US Economy: So is the Jobs report going to be good or bad!

Happy Holi to everyone from India. And back on th eJobs numbr, Claims were marginally higher at 362k, 4 week average at 355k, ADP Payrolls were on the whole very positive the large number raising expectations for the best ever

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Posted in Amitonomics, Europe, Global, US

US Economy: Global growth slowdown gets S&P, Brazil, Greece and the GOP candidates (Global Pre-markets Round up)

Super Tuesday was a much sombre affair though it seemed to be in different circles than the S&P worst one day crash that hit Tuesday early. With barely 200 delegates, 400 including non binding totals, Romney’s far away and his

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Posted in Financial Markets

Paulson’s Advantage plus lost again, Banks have a lot going for them … | Fund Strategy Insight

.. but Paulson lost only 1.5% down in February February fund data firmly drives home the point of bank recovery having stalled mid month after the housing loan settlement in 49 states got most of them off to a new

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Posted in Financial Markets

Europe: Getting used to it? Though it’s $1 Tln now ( at your friendly neighbourhood ECB ‘branch’)

Of course it’s not Rinse. Wash. Repeat. anymore, it’s just Borrow from ECB, Deposit at ECB. and ECB can’t see much lending but liquidity is there. Welcome drops in yields apart, the deposits at ECB have finally hit a $1

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Posted in Financial Markets

Europe: Bundesbank decries the LTRO operations again | Europe Review & Insight

The issue at hand is how 800 banks were able to participate because of weaker collateral rules done on the sly by Mario Draghi’s ECB , first for collateral specific to smaller French banks and it seems another round of

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Posted in Financial Markets

US Economy: Chicago PMI scores a well rounded 64

The Chicago PMI may well be revised for January and come near 61 for February again conforming the robust Auto, other manufacturing and services growth incl new jobs in America’s great Mid West. The Chicago PMI for February came in

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Posted in Financial Markets

European Sovereign Debt Crisis: Another EUR 530 bln down the hatch | Banking Insight – Europe Insight

And before you listen to the joint declaration from Greece and EC President Barroso later in the morning, the banks bought in a large amount for buying and selling Italian and Spanish bonds/yields and generally keep the EC Fixed Income

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Posted in Financial Markets