IMF’s reduction of estimates for US growth dropped US 2012 estimates as well as those for 2013 to 2% and 2.25% as did all the nine regional Feds when they met in June at the FOMC. The Monthly Redbook report…
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Blog Archives
US Economy: A recovery not stalled, A Europe still suffering for longer
Tagged with: Economy of the United States, Eurobond, Eurozone, Germany, Germany-Economy, International Monetary Fund, November, United States
Posted in Amitonomics, Retail Lifestyle, US
Posted in Amitonomics, Retail Lifestyle, US
The Thursday Fed Update: That rate keeps trending down, Budget Surplus and a Dimon induced spiral – US Economy (Thursday EoD Review)
Someone must be happy we are paying only 3% interest on 30 Y US debt but it is all getting too close to call a bad year for 2013 or a year yonder. JP Morgan will survive its losses as its…
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Tagged with: April, Congressional Budget Office, Financial Services, Government budget deficit, J P Morgan, Jamie Dimon, JP Morgan, November, Treasury, United States, United States Department of the Treasury, United States public debt, US Treasury
Posted in Amitonomics, Banking, European Sovereign Debt crisis, US
Posted in Amitonomics, Banking, European Sovereign Debt crisis, US
US Economy: The morning begins well, It is Jobs thursday
Jobless claims fell 5,000 from a revised 353,000 for the week to 348,000 and the claims average took another hit in the belt with a drop to 355,000. A widely expected drop below 350,000 is next and then probably the…
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Tagged with: china, German, HSBC, Jobless claims, Jobs Thursday, London, November, Purchasing Managers Index, report, Wikipedia
Posted in Amitonomics, Banking, US
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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Tagged with: china, Emerging Markets, February, GDP, Greece, Gross domestic product, November, Okun's law
Posted in Amitonomics, Banking, Emerging Markets
Posted in Amitonomics, Banking, Emerging Markets
US Economy: Consumer Credit strong at $17.8 bln
The revolving credit component ( predominantly Credit Cards) was slightly negative, after the holiday spending rush was over , not necessarily bad news for the banks as it is good for the Economy. Non revolving credit was up more than…
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Tagged with: Balance sheet, Consumer Credit, credit, Credit card, December, Getty Images, home, November, Personal Finance, Revolving credit
Posted in Amitonomics, Banking, US
Posted in Amitonomics, Banking, US
US Economy: So is the Jobs report going to be good or bad!
Happy Holi to everyone from India. And back on th eJobs numbr, Claims were marginally higher at 362k, 4 week average at 355k, ADP Payrolls were on the whole very positive the large number raising expectations for the best ever…
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Tagged with: "European Sovereign Debt Crisis", Holi, Jobless claims, LTRO, November, unemployment, Wall Street
Posted in Amitonomics, Europe, Global, US
Posted in Amitonomics, Europe, Global, US
US Economy: Italian trade surplus, US single family housing moves up
The Super Mario sdpeech in the European Parliament yesterday was a breath of Fresh ‘year’ as was the trade surplus for December at Eur 0.6 B after a smaller yet concrete deficit of 0.9 bln in November (adjusted) Th eunadjusted…
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Tagged with: Balance of trade, china, December, European Parliament, Gross domestic product, Housing starts, Mario, November, Seasonal adjustment, Trade Balance, United States
Posted in Financial Markets
Posted in Financial Markets
The Housing recovery 2012: Construction spending up for December 2011
We are increasingly hopeful that a material recovery in US housing will happen , its roots in the bottom hit in November 2011. Of course, much of our argument will be economic, even statistical and we will try to determine…
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US Economy: Newt Press monologues misfire in Florida, Chicago PMI up on new order data
The Chicago PMI came first in the morning as US House price data also reported weakness and the Chicago area PMI at 60 showed a significant lossses from a 63 score in November. But even then, new orders maintained a…
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Tagged with: Chicago, Chicago PMI, Deutsche Bank, Eli Lilly, HSBC, India, Lipitor, November, Pfizer, United States
Posted in Financial Markets
Posted in Financial Markets
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