Blog Archives

US Morning Report: Depressed Prices, Jobless claims makes news again

Import Prices are now down 2.7% on year after they first breached the zero line in May ever so slightly. Export prices are similarly depressed by 2.1% on year. However on the back of higher consumer credit offtake in May the first

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Posted in Amitonomics, Bailout Nation, Constitution Day, Private Equity, US

US Economy: So Korea adjusts for higher Inflation, lower Growth

Korean consumer confidence was above 100 but at a three month low as it fell from 105 in May to 101 in June and the Central Bank reported ahigher 3.7% inflation and gets ready to downgrade growth forecasts in July

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

US Morning Report: Global futures down again, June data not the cheer

Markets will open weak and courtesy financials may start back on an even keel in the afternoon unless there is additional bad news in the markets then. Expected, no hope from the housing efforts yet in the New home Sales

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

US Morning report: It starts with a dull PMI and then, Jobless claims do not add up

It is mostly Global moves from across the  pond hurting this nation as euro data disappoints (The lowdown here) The MarkIt PMI hasn’t caught on the fancy of US Economists though with the HSBC PMI down a point to 52.9

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Posted in Amitonomics, Bailout Nation, US

China’s stimulus for Big Banks (may be counter productive)| Insight China

After a RMB 800B new credit by the big 4 in May or $126 Bln China’s intentions behind creating space on China’s Big Four Balance sheets with a securitization program that just takes current loans off balance sheet for sale

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

US Economy: Free fall in Oil prices to continue, even as offtake rises, to what avail

At the same time Tuesday for now 13 weeks from the end of February when the last of the risk on assets proved growth, Oil inventories had been rising and despite their utilisation going up since earlier this week, record

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