Blog Archives

US Morning Report: ECB, China, Earnings all spell Doom and Gloom!

Of course Marc Faber left the shores to invest internationally long ago as a true capitalist, bu t US Market look to a glum week as more than one or two hints have already been dropped for a good shapely

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Posted in Amitonomics, Banking, Retail Lifestyle, US

The Thursday Fed Update: That money machine called the U.S. of A.

The Fed will not be printing muchmpore money stock of course with US currency in ciruulation at $1.1T. Then there are the $1.6T in Treasuries the Fed will be using to lend to banks and extinguishing from its reserves to

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Posted in Amitonomics, Bailout Nation, Banking, Emerging Markets, US

Monte De Paschi state aid not Basel III, Lloyd close to selling 600 branches | Banking insight

Monte De Paschi de Siena is getting new state aid from Mario Monti’s government of upto EUR 3.5 B to make a pitstop as it was marked by EBA in the recent stress tests for a EUR 3.27 B shortfall.

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Posted in Amitonomics, Banking, Europe, US

Enter the Yen: Yuan start depreciating on higher volume of trade and noose tightens | Insight China

Deflationary fears are currently at their peak in the USA while the Yen is trying hard to stay competitive and keep growth fuel running positive miles but the Yuan tired of appreciating faster thru 2011 is likely to even depreciate

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Posted in Amitonomics, Banking, China, Global, US

India Economic Trends Report: Exports up to $24.5B, PMI above 54 (May 2012)

India managed to maintain last april’s exports value that was a pretty big jump from April 2010 at a 20% growth but there was no growth. Auto sales have started trickling in weak though markets and currency having over corrected

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Posted in Amitonomics, Financial Markets, Financial Services, Global, India, Investments

JP Morgan surprise press conference to report new $2 bln losses | Banking Insight

The JP Morgan Treasury / Chief Investment Office is purportedly carrying losses of up to $4.5 bln and the same would be disclosed in a press conference in detail in a few minutes. The CIO’s Office carries Synthetic hedges betting

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Posted in Banking, US

US Economy: This week was a loser! Jobs Report, Apple’s $1 Tln, Bank of America and the Housing recovery

The bearish ISM services PMI (The ISM Nonmanufacturing indices) also had a strong almost 90% correlation with the BLS report historically and  was pointing down. On the plus side Bank of America almost wants its downgrade yesterday as it will

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Posted in Amitonomics, Banking, Financial Markets, Retail Lifestyle, US

JP Morgan’s New Derivatives for Trade Finance | Banking Insight

Trade Finance could be a new money spinner for banks as the business volumes of traditional products keep growing at more than 30%. For example China’s import bill alone is $150 bln in a single month and that for a

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Posted in Amitonomics, Banking, Brazil, Emerging Markets, Global, US

US Economy (EoD review): The Week ahead April 1, 2012 – April 7, 2012

Healthcare Opinion going to the wire Veteran reporters commenting on Bloomberg and those who have had occassion to hear the opinion all followed the change in direction of the “consensus” on the Third day when the swing votes Judge Roberts

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Posted in Amitonomics, Global, US

China Singular Trade deficit | China Review & Insight

The large deficit in trade just announced by China on the back of a large 40% jump in imports to $31.5 bln, is not as bad as it seems. The market was expecting a $5 bln deficit and As january

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Posted in Amitonomics, China, Global