Blog Archives

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

US Economy (EoD Review): US Budget Deficit back on track, 3 yr auction successful

Even as Receipts grew and expenses declined while Net Interest Payments grew, the February deficit was the highest in four years at $231.9 bln. The Budget Deficit on the Treasury however still tracks at 9.4% lower ($60 bln) than the

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Posted in Amitonomics, US

AIG Sale begins: Treasury sells $6 bln of AIG holdings | Crisis Insight

AIG will be buying back $3 bln of it with cash it garnered from other sales and the AIG profit of Maidenlane Securities sales also likely to be added back to the AIG balance sheet.. The US Treasury breaks even

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Posted in Bailout Nation, Banking, US

US Economy: The US Treasury Auction week: 2yr, 5 yr and 7 yr notes

The gold rush of last week apart, this week’s three big auctions running back to back till Wednesday complete the Treasury’s long term borrowing program on an even keel as the $915 bln bill to keep the Government going runs

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Posted in Financial Markets, Financial Services, Investments, US

Bank Results Season: JP Morgan reverts to a passing game with $4 bln income

Earnings Season off to a good start The good news first, the Bank resumed its leadership in the Deals game with #1 in Fee income year to date, and charge offs continued an expected decline in the Credit cards business,

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Posted in Amitonomics, Banking, Emerging Markets, Financial Markets, Retail Lifestyle, US

Are you shorting US Treasuries just yet? Part II | Advantage Research

You probably already know, but to reaffirm, US treasuries are quite bullish now leaving only long hands PIMCo and a few others in the fray with their threat to short. Especially as the dollar forecast for the June July months

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Posted in Banking, Financial Markets, TARP, US

Bank Results Season: Citi and Apple run down the wall of patience

Apple will keep popping up in a lot of banking only conversations for a week before the rest of the retail lifestyle pack and Apple catch up on the professional front but the sudden news of Jobs’ third leave of

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Posted in Banking, Emerging Markets, Financial Markets, Financial Services, Global, Retail Lifestyle

Feels like Monday all over again!

The creative among you would think of PWC’s aborted consulting rebadging and rebranding operation of the nineties, the in-tune with India story sadly, worse off with brain waves about India and East Europe’s body shopping factories’ investiture again as the

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Posted in Amitonomics, Emerging Markets, Financial Markets, Financial Services, Global, O'nomics

On the cash you get from warrants | O'nomics

On Thursday, the Treasury Department will auction off the stock warrants it received from the bank as part of its $25 billion Troubled Asset Relief Program loan.The warrants could be worth as much as $1.5 billion to taxpayers, according to

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Posted in Financial Markets, Obamanomics, TARP, Uncategorized, US