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

US Economy: Fed may modify Treasury/MBS purchase programs(increase it too), ECB cuts rate by 25 bp (May 1-2, 2013)

Yesterday’s Fed Statement is largely a repeat of the situation it reported in March 2013 when Chairman Ben Bernanke met the press later and did not let on the Fed’s wavering on maintaining the $85 B in purchases of Treasuries

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Posted in Financial Markets

Ben Bernanke Speaks (Q&A , post FOMC 1430 hrs March 20, 2013)

A rather non conventional start to the presser with Ben Bernanke being cornered on how big the change in Employment situation and inflation would actually cause the Fed to reduced the buying program both for Agency MBS and Long Treasuries

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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

$10B Foreclosure settlement for BofA, JP Morgan and Citi | Bank Earnings Season

A new $10 B settlement by 14 banks to define and ordain penalties for foreclosure mispractices and abuses has been reached over the weekend bolstering markets rejoicing the newly made revenue arrangements to avoid the fiscal cliff. The Banks including

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Posted in Financial Markets

Ben Bernanke Speaks: US and UK join hands to go down the unlimited QE lane

Making news this Wednesday as the FOMC meeting gets over is the continuing of the Federal Reserve along new NGDP targets or in this particular US cae an unemployment target of 6.5% to continue the $45B open ended QE program.

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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

Your guide to basic QE3 .. thought it might take more time | Banking Insight

So you think QE3 launched on Friday Of course banks enjoyed the spree on Friday and as mentioned earlier, US markets have moved to 5% of their 1565 top on the S&P 500 (Network quote) but the $40B in bond

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Posted in Amitonomics, Banking, Retail Lifestyle, US

Here Comes the Fed Decision – FOMC Statement – July-August 2012

The statement reiterates it noted the deceleration in the First Half of the year and to be fair to them have not added any new spin to what has already become painfully obvious to most observers except for not giving

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Posted in Amitonomics, US