Blog Archives

India Morning Report: Yen progresses weakness strategy to new levels

Even as Yen progresses jump(down) in currency, Dollar progresses on the long cherished goal of yields going in north just in time for Ben Bernanke to not worry about a lower rate of inflation in his last year on the job,

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Posted in Financial Markets

FOMC Policy speak and Forecasts, March 19-20, 2013 (followed by Ben Bernanke Speaks)

  The March FOMC Statement has been released along expected lines. The Fed has apparently tried to remove possibility of runaway speculation around its statements in small measure removing strategic Ifs and buts from the January statement specifically when confirming

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Posted in Financial Markets

Goldman Sachs and JP Morgan get the pay out approved for 2013| Bank insight

Michael Corbat’s Citi did better than the Wall Street Titans for a change as it managed to get its payouts approved in the 2013 edition of the Fed Stress Tests while JP Morgan’s $1.5 B per quarter buyback program was

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Posted in Financial Markets

A look at Goldman Sachs prospects after the ‘Partner bump up’ | Banking Insight

Goldman Sachs continues to reduce ‘Compensation Costs’ before stress tests However even with just 32,500 staff at Goldman Sachs as of this fall(down 10% in less than a year), the firm has made 70 new partners, the low number breaking

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Posted in Financial Markets

US Economy: You can leave it to Ben? | FOMC Meeting October 23-24, 2012

Clint Eastwood’s newly launched Anti Obama Campaign inadvertently combined with the FOMC meeting announcement along expected lines to bring out a likely mean streak in equities in afternoon trading. As expected the October announcement, as it is not to be

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Posted in Financial Markets

Ben Bernanke Speaks – FOMC June 2012

Forecasts for the US Ecoonomy at the June FOMC were down by as much as 0.5 % on GDP, with 2013  forecasts to 2.7-3.1% and 2012 data to 1.9-2.4%  GDP and even unemployment forecasts moved south to 8.2% at the

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Posted in Amitonomics, Banking, US

The Thursday Fed Update: 30 Y Bond Scare reignites QE, Gold and Silver firm up

The 30Y Auction Bid Cover ratio dwindled steeply to 2.4 from 2.7-3 levels of earlier with a low yield of 1.62% even as Fed Balance sheet assets expanded to $2.871 T. The money supply was under attack to from the

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Posted in Amitonomics, Bailout Nation, US

The Thursday Fed Update: Non revolving credit up, Canada and China step up to the plate

The Afternoon’s Consumer credit report from the Fed (G.19) had a double cause to cheer as Non revolving credit grew 7% on April 2011 to take the Consumer credit above $2.5T even as revolving credit was down 4.75% on the

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Posted in Amitonomics, Banking, US

The Fed Thursday Update: The Balance Sheet of $2.853 T and the debt ceiling

While the Fed had a decrease in foreign Currency assets almost to $8.2 B and seemingly sold away another $5.2 B of Maiden Lane III, it still added a $10 B in MBS holdings (QE3 again?) and its holdings of

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Posted in Amitonomics, Bailout Nation, US

US Economy: ICSC sales put on brakes, Case Schiller worst since 2006, Health back with a GOP agenda?

Though the Fed would have preferred being proved right ont he continuing recoevery its indicated fears are coming true though no Jobs number is due this Tuesday. The Weekly Goldman ICSC retail indices are on mark to losing the 3%

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Posted in Amitonomics, Bailout Nation, Healthcare, Obamanomics, Retail Lifestyle, US