Blog Archives

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

US Economy 2013: January all but forgotten, Industrial production still seems positive.

A late catch up with the meanderings of the US Business Economy’s recovery is due as February’s near washout was saved by early PMI reports and the continuing improvement in Service PMIs. The housing data’s big jump in January was

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Posted in Financial Markets

US Economy (Friday Blanks): Personal Income data worries are back, Chicago PMI

Personal income data rang a few alarms despite a positive disposition, that is spending for the year is up 4.1% with income only up 3.2% and that should worry anyone with economy;s recovery plans from Q1 still firmly building up

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Posted in Financial Markets, Retail Lifestyle, US

US Economy: Worries about the “head fake” in housing data, production declines and then Bernanke speaks..

Markets shoot up knowing well enought hat the mixed housing and manufacturing data showing wweakness in consumption and housing is really not significant and that the recocery is on. The movie Hunger Games was good too, and the time difference

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Posted in Amitonomics, Retail Lifestyle, US

US Economy: Jobless Claims back at 351k, Empire State 20.21

After the last week data was revised upwards, Jobless Claims are down 14k for the week and the moving average is up very slightly to 355.75K and thus unchanged for this week and last. Continuing claims pulled down the average

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Posted in Amitonomics, US

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

US Economy: Jobs report nods with 733,000 new jobs..

The Barclays team and some at NPR are the first in many likely to ascribe the new  lows in Labor participation rate the status of an urban legend. Irrespective of numbers of Jobs added, Jobs left at a pace of

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Posted in Amitonomics, Banking, Retail Lifestyle, US

US Economy: Jobless claims start the Thursday rush order for data

The ISM Manufacturing Index of course would be key to watch esp as the GDP growth of 3% did not mean much in Q4 and strong ISM was the beginning of the flood of economic optimism built on the drop

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Posted in Financial Markets

US Economy: The consequences of a Romney win, Auto PMIs and all that Europe but PE pay

At some stage , all Americans will deal with the question. As of now ahead of Super Tuesday, only data for Ohio favoring Santorum and Georgia favoring Newt 2012 campaign’s available and after the win of nearly 59 delegates yesterday

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Posted in Financial Markets

US Economy: Really, you want data on Friday..

Dow apparently needs not wait for any data or estimates or expectations this Friday, making do with the after hours AIG pop, no tears split over the retailers who have benchmarked 2012 epectations appropriately lower at half and no extra

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Posted in Financial Markets