Blog Archives

Global moves: Euro zone sputters ahead of big data tomorrow

IMF weights for BRICs are rising this year to the Top 10 contributors as Eurozone trade surpluses and economic capacities tread declines with the finality of a two decade long restructuring. Trade surplus for the Eurozone was down 60% from

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Posted in Amitonomics, Bailout Nation, Europe, Global, US

US Morning Report: Fed Proposes, Gold and Euro disposed off

Euro looks ripe for a run to 1.25 levels from 1.2710 right now as the markets begin the final hour to lap to the critical FOMC meeting where QE is sanctioned or hinted at in a way palatable to the

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Posted in Amitonomics, Banking, Private Equity, US

European Debt Crisis: Banks and Markets continue to pay for Spanish folly

Greek elections set a few tumblers right but the numbers on the Spanish 10 Y bond yields put the spinning banks firmly into the centre of the whirlpool, European Banks losing billions in Market Cap led by Bankia, down another

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

Global Moves: Greece stays in, 1 mln Mexicans get citizenship,

A preponderence of Euro Citizens saved Greece by the bell but left democracy in the lurch as the pro Euro New Democracy landed 129 out of 130 required in the 300 member Greek parliament. The ultimate winners get 50 extra

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Posted in Amitonomics, Bailout Nation, Global, US

US Week ahead: Greece may yet be undecided, FOMC, Housing Starts and that dropping PMI

Trade Balance data from Italy dropped $0.7B to a few millions in deficit as the Export markets in EU have held on month but are down 5% for the year from previous April. Imports fell 9.3% on year but were

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Posted in Amitonomics, European Sovereign Debt crisis, US

European Sovereign Debt Crisis: How elegant will this simple solution look after Europe gets it! | Inside Europe’s Mind

Germany’s protestations have shifted to the threat of a “fiscal union” with as many terms and conditions as possible on the budgets of member countries and frequent inspections and veto powers to European (German?) administrators, points to the simple facts

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

US Economy: The Tuesday Services PMI scare

S&P’s latest analysis note suggest Greece indeed has a one in three chance of leaving the union as almost commonplace but hitherto largely ignored data hich has yet been important for academics and highlighted by us this year for its

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Posted in Amitonomics, Financial Markets, US

US Economy: And finally the Dow takes a chance (Of May data and market correction)

With jobless claims coming down from a new 400,000 watermark in April and Existing home sales up 10% on last year  being good data enough to not upset any further calculations of GDP growth and US vitality in the next

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Posted in Amitonomics, Banking, Retail Lifestyle, US

US Economy: No Euro scares anymore, yet only production data is up

If you don’t understand the headlines of the daily morning report this week, you and I could be excused as the flux int he situation of march and April has apparently turned a lot of heads and most with no

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Posted in Banking, Elections, Europe, Financial Markets, Financial Services, Global