Blog Archives

US Morning Report: Draghi says to take the high road, honey!

Here’s what happened. Someone punched in call credentials on a Conference Call to promise only those who take the high road will survive. Corny meatballs which dish out platitudes like, We’d hate to say we told you so! would hardly

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

US Morning Report: FOMC starts tomorrow, ECB will be buying bonds, Japan is ready to join the good guys

The honest to god assessment of Geithener’s meeting with Draghi and German Finance minister Schauble today or the ECB meeting on Wednesday is that US and Europe in a Coordinated Central Bank effort willl affirm to more Central Bank Liquidity

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Posted in Amitonomics, European Sovereign Debt crisis, Global, Retail Lifestyle, US

US Morning Report: Euro to heart, what exactly is who pushing whom to?

I am sorry, it could be my personal distress as events on a tumultous tumbled expiry make my 99% confidence interval worthless to the skunk works of getting commercial success. However, Draghi’s push for the Euro after repeated commentary on

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Posted in Amitonomics, Banking, US

Global Moves: Draghi cuts ECB rate to 0.75%, US gets ready for Jobs report

The Dollar decline follows in Asia tomorrow after ECB cut rates and the Euro promptly breached 1.24 levels at the lower end before resuming tradin ga t 1.24 levels after the US market holiday on Wednesday. ECB had earlier refused

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Posted in Amitonomics, Retail Lifestyle, US

US Morning Report: All’s not hunky dory but then, we have barely begun!

All Economic Data is not bad, in fact some  even “beat expectations” Data is anemic at best confirming everyone’s worst fears for May and June. PMI for the month for manufacturing ticked down to 52.5 as expected, led down by

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Posted in Amitonomics, CRR, US

US Economy (EoD Review) : Sentiment upscaled again, S&P jittery at the peak

Mt. 14K is no tuntil December, and that is the only comfort one can draw from this week as the Consumer Comfort index kept creeping up and the January credit figures still at near all time highs led by auto loans.

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Posted in Amitonomics, US

Europe: Bundesbank decries the LTRO operations again | Europe Review & Insight

The issue at hand is how 800 banks were able to participate because of weaker collateral rules done on the sly by Mario Draghi’s ECB , first for collateral specific to smaller French banks and it seems another round of

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Posted in Financial Markets

European Sovereign Debt Crisis: Another EUR 530 bln down the hatch | Banking Insight – Europe Insight

And before you listen to the joint declaration from Greece and EC President Barroso later in the morning, the banks bought in a large amount for buying and selling Italian and Spanish bonds/yields and generally keep the EC Fixed Income

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Posted in Financial Markets

Mollycoddling banks on default! | Insight China

In a year when ctringent policy action on bans has been replaced by a considered caution in tightening and monetary loosening in policy, th ebanks have been asked to bear the burden of LGFV (LSFs)  that were coming dues this

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Posted in Financial Markets

European Banks Debt Crisis: ECB holds rates, increases eligibility of collateral

Draghi’s ECB rate meeting went off on an optimistic note but the  Bundesbank joined the band of Euro critics yesterday slamming the ECB chief for lowering his standards on credit claims acceptable. The added eligible claims for collateral free up to

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Posted in Financial Markets