Blog Archives

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: The counterintuitive Aussie trade and the Spanish meltdown ( A Tuesday morning review)

ISM Data leads May markets  Election years actually return a fair 2% in each of the summer months according to a latest Bloomberg report as the Go away in May catches up with investors. Meanwhile Chicago and Dallas were down

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Posted in Amitonomics, Banking, Financial Markets, Private Equity, Retail Lifestyle, US

US Economy: It’s not so good after all? QE3 denied, the sub-par Jobs number could bite

A hint of QE can do amazing things for market sentiment. A bad jobs report could have indeed been a positive for the markets with QE3 rumors taking over but the long weekend likely blooted that empotion of tradfers out

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Posted in Amitonomics, Banking, US

China’s Banks pull in claws!: Could #5 BoCOM beat #4 Bank of China (2011 results reports)

Despite a almost 30% improvement, Bank of China is stilll the worst of the big Four banks in NPLs with 1.8% as its ratio of NPLs five times that of BOCOM and almost 70% higher than AgBank which is #2

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Posted in Banking, China, Financial Markets, Global

China’s banks pull in claws: ICBC still head and shoulders above the rest in 2011

ICBC results a minute ago, would have beaten CCB profits by 38 bln yuan or nearly 23% and AgBank by 86 bln Yuan for a 2011 total of CnY 208 bln in profits or $33 bln with a Q4 Net

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Posted in Banking, China, Financial Services, Global

Chinese Banks pull in claws! AgBank 2011 results still up 29%

The Bank reported profits of $19.3 bln or RMB (CnY)122bln for the full year despite significant headwinds as the CBRC asked the top 4 Chinese Banks to redenominate another CnY 1.8 Tln ($286bln) in bad loans from Local Governments from

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Posted in Amitonomics, Banking, China, Global

China’s Banks 2012 lending targets | China Review & Insight

When early last month, China banks reported a 25% Y/Y slowdown to CnY 750 bln or $125 bln it was now so slow if including the Year of the Dragon celebrations and the shortage of Capital at the big banks

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Posted in Financial Markets

US Economy: Chicago Index shows great improvement , Greek Euros 130 bln a good plop in the bucket

The new LTRO( dole out for European banks to pay their creditors and free themselves up for interbank trading and auctions) is already anticipated as equity markets get used to sweeps of extra liquid cash. Slumping sub prime indices and contracting

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Posted in Amitonomics, Private Equity, Retail Lifestyle, US

Yuan trades make China wary of Imports? | Insight China

Imports plunged even as domestic policy makers in China continued nodding their head to requests for engendering Domestic demand from trading to a deficit or reducing the trading surplus. Note: The confusion lies in that China becomes stronger with higher

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Posted in Financial Markets

China's redistributed trade surplus

Since the crisis caught everyone’s fancy in 2008, when Chinese GDP growth also dipped to a significant low, China has been played up as the market maker in almost all commodities. Even before the Dollar started weakening with the exit

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Posted in China