Blog Archives

Asia Economy: Singapore, Japan GDP growth tracks positive reversal in fortunes

Q1 delivered another warning from Asian economies though trade data in China and Japan remained subdued on consumption imports. Japanese GDP growth would positively influence fortunes of Asia in general and in particular, Korea and China and therefore the rest

Tagged with: , , , , , , , ,
Posted in Amitonomics, Banking, Global, US

Bank of America lets go of another Non US business | Deal Insight – Banking Insight

After $50 bln of asset sales thru 2009-2011 the bank was unable to satisfy the Treasury of its dividend plans and barely made the stress test parameters in Q1 as its new plans to go global witha strategy look more

Tagged with: , , , , , , ,
Posted in Amitonomics, Banking, European Sovereign Debt crisis, US

US Economy: A post-winter Housing recovery on board, S&P helps global cues

A battered set of global Financial markets were likely pleasantly surprised by US housing data after Europe could not hang on to gains in the afternoon. That means a better global financial markets opening tomorrow as US Housing starts, holding

Tagged with: , , , , , , , ,
Posted in Amitonomics, US

Rakoff hands out $315 mln to Missie’s Purse(PERS) | Banking insight

Bank of America continued its run of good luck with Judge Rakoff letting it off in the case by Mississippi Public Employees Retirement System for $16 bln of MBS investments sold to them. Goldman Sachs had to sign a $9.8

Tagged with: , , , , , , , , , ,
Posted in Banking, 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

Tagged with: , , , , , , , , , , , ,
Posted in Amitonomics, Banking, European Sovereign Debt crisis, US

It’s the friendly neighbourhood Chinese store | Banking Insight

Fed approvals came though for ICBC’s acquisiton of Bank of East Asia’a 80% ownership interest with 13 branches in new York and California as well as a Chicago branch for Bank of China and AgBank in New York city. Feds

Tagged with: , , , , , , , ,
Posted in Banking, China, US

US Economy: A nervous Tuesday train wreck and are we ready to go?

A typical risk off market which has already lost 40 points on the S&P last week and another 130 on the Dow midday on Tuesday means that now we are explaining why falling Crude prices are actually hurting the market

Tagged with: , , , , , , ,
Posted in Amitonomics, Retail Lifestyle, US

US Economy: The Berkshire Hathaway annual meet and what’s with Hollande?

First ones first, Warren Buffet’s annual dog and pony show for the Berkshire Hathaway annual meet in Omaha, NE /Iowa ( meet up with CNBC) and more than $30k in furniture sales at Buffet’s local furniture store meant that Berkshire

Tagged with: , , , , , , ,
Posted in Amitonomics, Banking, European Sovereign Debt crisis, US

US Economy: This week was a loser! Jobs Report, Apple’s $1 Tln, Bank of America and the Housing recovery

The bearish ISM services PMI (The ISM Nonmanufacturing indices) also had a strong almost 90% correlation with the BLS report historically and  was pointing down. On the plus side Bank of America almost wants its downgrade yesterday as it will

Tagged with: , , , , , , , ,
Posted in Amitonomics, Banking, Financial Markets, Retail Lifestyle, 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

Tagged with: , , , , , , , , , ,
Posted in Amitonomics, Banking, Financial Markets, Private Equity, Retail Lifestyle, US
Clicky Web Analytics