The US Banking Continues to be Fragile
During October 2023, USA's total debt increased by over $500 Bn compared to the previous month with the interest rate crossing above 3%....
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Sameer Kalra
- 5 days ago
Fiscal vs Monetary Policy : Battle of 2024
As majority of central banks are on a pause and inflation throughout the world has eased since last year. The start of next year would be...
Sameer Kalra
- Nov 28
Lower Lows of Volatility
Since the start of November, the US stock market volatility index ( VIX ) has fallen by 30%, which might be the second biggest fall in...
Sameer Kalra
- Nov 21
Year-end Rally - Arrived Early
After three months of negative global markets along with the negative sentiment. This month's reversal has been a surprise for many....
Sameer Kalra
- Nov 20
Inflation Relief Continues
Last week USA inflation-related data releases provided another round of relief as actual data was lower than estimates. In the last year,...
Sameer Kalra
- Oct 30
Where is the US Banks Cash Going ?
In the last four months, the US banking system liquidity’s one measure which is the reverse repo has reduced from $2 trillion to $ 1.1...
Sameer Kalra
- Oct 17
The Rise of Volatility - Phase I
In the past two weeks, a unique pattern y has emerged throughout the financial markets and across asset classes. This pattern is of the...
Sameer Kalra
- Aug 21
Markets in a Summer Meltdown ?
In the first three weeks of August global equities have fallen by 5% and bond yields have gained by 5-8%. This is a reversal of the...
Sameer Kalra
- Aug 7
US Debt & Its Downgrade Problem
Last week Fitch rating agency downgraded the USA rating by one measure. The main reason cited for this was a regular disagreement on debt...
Sameer Kalra
- Jul 18
Climate Volatility & Financial Losses
In the financial world, the biggest indicator of future risk is the volatility index, whether it is equities or bonds most investors look...
Sameer Kalra
- Jul 3
Big Banks Pass the Stress Test , But
Last week Federal Reserve released the results of a Stress Test it does annually to check adverse conditions and how manageable are...
Sameer Kalra
- Jun 20
US Banking Still Healing
In the last few months US banking crisis has stabilised but given the increased usage of the Bank Term Funding Program, it does not look...
Sameer Kalra
- Jun 19
Artificial Rally or Intelligent Rally ?
Since the beginning of the year NASDAQ ( US Tech Stock Index) is having the best rallies. The rally has been so tempting that it has...
Sameer Kalra
- Jun 12
The El Niño - Scare & Impact
As the world witnessed the third warmest May, the fears of a strong El Niño grow. The last El Niño was during 2015-16 but the worst one...
Sameer Kalra
- Jun 6
US Banking "Problem List" Grows
During the Jan- March 2023 quarter the number of problem banks in the USA has increased from 39 to 43 with assets increasing from $47Bn...
Sameer Kalra
- May 30
US Bankruptcy Highest Since 2011
From January to April 2023 the USA witnessed around 236 bankruptcy fillings, which is more than double the previous year and the highest...
Sameer Kalra
- May 22
$1Trillion Fundraise to Spook Bonds
As we enter the crucial Debt limit week, the talks remain volatile with no clarity of what is next. But given that both parties do not...
Sameer Kalra
- May 16
Debt Ceiling - The one that has "limits"
It has been more than a week since US Treasury Sectary Announced that the country is most likely to default on its obligation by 1st...
Sameer Kalra
- May 15
US Banking Stress Continues to Grow
Within the last week, the headlines in the US have shifted to the Debt limit issue from the Banking crisis. Despite this shift stress in...
Sameer Kalra
- May 11
US CPI brings Relief, Will Fed Also?
The falling US CPI continued to fall yesterday and there were some positives and negatives within the details. The Mina increasing...
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