Blog Archives

US Economy: Awry Euro claims could reward US investors, housing could recover

The day has started well with the Ira Sohn conference giving a lot of hope to ideas floating around in my head since that jump began last year, but then Jobless claims seem to have kidnapped good news baselines to

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Posted in Amitonomics, Banking, European Sovereign Debt crisis, Financial Markets, Global, US

US Economy: A post-winter Housing recovery on board, S&P helps global cues

A battered set of global Financial markets were likely pleasantly surprised by US housing data after Europe could not hang on to gains in the afternoon. That means a better global financial markets opening tomorrow as US Housing starts, holding

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Posted in Amitonomics, 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

US Economy (The week ahead): Housing market Data to keep up; China, Euro PMI, whither recovery

While last month’s Existing and new Home sales data hit all time highs, with a 20 month high for Existing Home sales at 4.57 mln and new home sales at 321k, not many would mind if the numbers dipped a

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Posted in Amitonomics, Banking, Emerging Markets

S&P rates new Greek bonds CCC ( Selective Default maintained) | Insight Europe

S&P maintained SD ratings on Greece instead of springing them back to the appropriate junk rating as they rated the new issue UK Law bonds worth $109.2 bln (53% FV)   a CCC, just below Investment grade BBB- by a

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

US Economy: FOMC, Greece, Retail Sales ex Auto hold up

Talks of the new QE have come back, with naysayers we like giving in to the Weak economy knocks played by the Housing market but a little bird inside us says it is likely to be even lower than NFL’s

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

ISDA Declares Credit Event | CDS Insight

CDS holders get a welcome few dollars more on the $3 bln Greek CDS outstanding for which an auction will now be held on March 19 or the Tuesday after the Alabama and Mississipi votes for GOP candidates,. The CDS

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Posted in Amitonomics, Banking, Private Equity

Greek Swap goes through? | Insight Europe

One hour and more past the Thursday deadline, FT is reporting 95% agreement on the swaps which means the CACs are not required and no default is triggered on the exchange which goes through at the offer’s 53.5% rate. As

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Posted in Amitonomics, Banking, European Sovereign Debt crisis

Europe: ISDA tackles the tough question of Default in the Greek swap ( Post ISDA Action update)

The EMEA Determinations committee that handled the thorny question decided to llet matters be for now asking investors to be sure to come back if anything else happened , bu tthat as of now there was no Credit event apparently

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Posted in Financial Markets

Europe: ISDA tackles the tough question of Default in the Greek swap

The ISDA decision is key to the Greek debt situation roll out from here as ISDA contracts enforce all derivatives and despite the flexi nature of OTC derivatives and their preponderence, most banks and now clearing house operations will not

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Posted in Financial Markets
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