Blog Archives

US Economy: Equities waiting for volumes from all the money leaving bonds

One half expected Factory orders to start seesawing the way all US economic data has become a middling incoherent hash of one up one down like the construction spending report for February yesterday but Factory orders were up a good

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Posted in Amitonomics, Retail Lifestyle, US

US retail drops pretence: Well the going is tough, so let’s get going!

The Redbook recorded a 3% year on year rate Y?Y change dipping further from 3.4% last month to the expected lower rate of 3% as retail fails to catch the flame from a tired 2011 holiday season. So much for

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Posted in Financial Markets

Europe: ISDA tackles the tough question of Default in the Greek swap

The ISDA decision is key to the Greek debt situation roll out from here as ISDA contracts enforce all derivatives and despite the flexi nature of OTC derivatives and their preponderence, most banks and now clearing house operations will not

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Posted in Financial Markets

A leap of faith: Why Portugal does not need a second bailout | Europe Review and Insight

While Spanish and Italian bonds are back in liquidity with yields for Italian bonds down to 1.2% for 6 months and 5.26% for 10 year bonds, just availability of quotes on the soveregns means that there are active buyers and

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Posted in Financial Markets

Exxon Mobil gets $3.9 bln for Japan refining unit, ABB pays $3.9 bln for Thomas & Betts | Deal Insight

Exxon Mobil exits Japan Monday was busy again after FDA approvals , EU summits and Portugal’s 70% probability of default kept trippin gthe wires. 25% + pay cuts at Morgan /stanley and 1% gross fees for Morgan Stanley and Goldman

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Posted in Financial Markets

A leaky fiscal consolidation in 2012 as Portugal swims close to the sharks | Insight Europe

Even as Athens and Brussels look hopelessly middlesd up in the middle of the 17th summit in two years, the markets shot up Portugese 10 Y yield to 17% and beyond with CDS spreads getting beyond five times the ordinary

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Posted in Financial Markets

Banks to report Details of Europe Exposure | Bank Insight

As per the Fed’s latest directives, banks filing their annual statements with the SEC next week onwards will post details of each and every Europe exposure divvied up as Spovereign and Corporate Exposures as well as by country in each

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Posted in Financial Markets

European Sovereign Debt Crisis: It’s done (almost there!) Greece has defaulted without accident

As the news ticker everywhere s squawking right now, the investors’ deal post being past, the borrowers will deign the securities to be eexchanged at a rate less than 3.5% to ensure Greek debt to GDP ratio can indeed decrease.

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Posted in Amitonomics, Banking, European Sovereign Debt crisis

Why Portugal is next in line for a bailout and why Italy does not need more? | Insight Europe

Preview: Portugal was able to raise EUR 1.25 bln in 11 month paper and EUR 0.5 bln in 6 month paper at 5.90% and 4.346% on Jan 18, 2012 a full point lower than the earlier auction of one year

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

European Sovereign Debt Crisis: S&P reaffirms AAA rating for France, Italy and Greece get new Premiers (Friday Report)

While not yet final, it is likely that EU Commish, Mario Monti will take up as leader of a new National unity government in Italy and another Euro ‘pioneer’ Greek Central Banker Lucas Papademos will lead the interim government there

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Posted in Amitonomics, Bailout Nation, Europe, European Sovereign Debt crisis, Financial Markets, Financial Services, Global