Blog Archives

US Economy: Housing Recovery 2012: Housing starts data encouraging, Regional Banks results show the promise

WE have already pointed out in our earlier regular survey/trawling of US Economic statistics daily reports thru July August that the Housing recovery numbers have always seemed impressive on Y/Y changes from 2011 but the increases are insignificant compared to

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Posted in Amitonomics, Banking, housing, Retail Lifestyle, US

Bank Results Season: Bank of America ties up for another nought (EPS =NULL, “0.00″, ‘Zukk’)

BofA printed another scratchy topline down to the wire repeating Q2 2010 all over again when Non Interest expenses of $17.5 B and a Tax expense of $1B almost completely covered its Topline of $20.6 B after a small $1.8

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Posted in Amitonomics, Financial Markets, housing, Retail Lifestyle, US

US Economy: Is the comeback here?

Even before September’s announcements of a bottomless glass of Securrities buying for the US Housing market recovery worth $40B a month, Home prices have been trending up and the ADP PAyrolls for September at 162000 Private non farm additions confirmed

Posted in Amitonomics, housing, Retail Lifestyle, US

US Week Ahead: August 12, 2012 – August 18, 2012: Paul Ryan for Vice President

The Treasury budget deficit is still going to cross the $1T mark and no one is likely to give President Obama extra marks for managing the economy in a crisis but he seems to have an edge over Mitt Romney

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Posted in Amitonomics, housing, Retail Lifestyle, US

US Economy: BLS Employment Situation Report, July 2012 (Current Jobs Report)

After the rash of electronic hiccups hitting RBS results and the Big Board, Wall Street got the reprieve it needed to continue the celebrations when the Jobs report before the open posted a 172000 improvement in Private non farm payrolls

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Posted in Amitonomics, Financial Markets, housing, Retail Lifestyle, US

Global Mid-Day Report: Not much calm Before the Storm

To set the morning in context, PMIs at Spain and Italy dropped as PMIs at UK, France and Germany hit a new low at near 45 in all three Continental majors. Manufacturing PMI rolls like moss going up the hill,

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Posted in Amitonomics, Banking, Brazil, China, Emerging Markets, European Sovereign Debt crisis, Global, housing, Retail Lifestyle, US

US Morning Report: Housing Supply lacks punch, Boeing still flying

Orders for both Defense and Non Defense Aircraft rose a sharp 8% from less than 5% in May to keep Durable orders steady 1.6% on May and May itself was also a M/M rise of 1.6%. However, closings of existing

Posted in Amitonomics, housing, Retail Lifestyle, US

US Economy: Bernanke’s Testimony at the Senate Banking Committee Day 1: No QE3 right now.

Read my Lips. We are the US regulator. We cannot regulate LIBOR which is run by the British. A flabbergasted Ben Bernanke would have probably used those words at home or at his favorite College when delivering a lecture on

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Posted in Amitonomics, Bailout Nation, Banking, European Sovereign Debt crisis, housing, Retail Lifestyle, TARP, US

US Week Ahead (July 15, 2012 – July 21, 2012): Financials raise expectations, Techs and Retail set to disappoint

Results season has struck analysts with a venegeance as most results are going to trigger reratings starting with Financial with JP Morgan and Wells Fargo ruffling the sector on Friday. Monday, Citi reports and after BofA on Tuesday, Goldman sachs

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

Global Mid-Day report: FOMC minutes, London close downward trigger

Equities and Commodities are likely to continue reacting sharply in US markets after the minutes from the June 19,20 meeting were released. The FOMC had shorn US growth projections to 2.3-2.5% in the long term at the meeting and though

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Posted in Amitonomics, Bailout Nation, Banking, housing, Retail Lifestyle, US