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‎President Muhammadu Buhari has reacted to criticisms that he has no economic team. He said the reasons is that that such people frequently make government policy to suit their own narrow interests. Buhari  noted this in  an interview he granted a magazine, on Sunday were he stated that during the administration of former President Goodluck Jonathan, […]Read More

Elizabeth Ativie, the first female to emerge Speaker of the Edo State House of Assembly, has been asked to step down by the parties Leadership to pave way for a lawmaker from Edo Central senatorial district to emerge speaker. Party sources say this was to balance power equation in the state. Ativie was made Speaker […]

Submitted by John Rubino via DollarCollapse.com, This series is based on the premise that debt works the same way for countries as it does for individuals and families: When you borrow too much your life spins out of control. For national and multi-national entities that means elections become unpredictable, economies function erratically, and public policies […]

Not the greatest start to Hillary’s homecoming week. Outgoing Democratic Party chairwoman Debbie Wasserman Schultz was booed and heckled at a Florida delegate breakfast, with attendees shouting “shame.” Man this is brutal: DWS being booed this morning at the Florida Delegation Breakfast ahead of the DNC: https://t.co/nhdCpyMrZO — Frank Thorp V (@frankthorp) July 25, 2016 […]Read More

Not content with implementing a state of emergency which has given Erdogan unlimited powers to continue an unprecedented purge of political enemies which has seen over 60,000 workers sacked, over 13,000 arrested, among them soldiers, judges, prosecutors, teachers, deans, hospital workers, and as of today, 42 journalists, in the aftermath of the staged failed coup, […]

and how did oil prices collapse in the first place, low interest rates malinvestment, and what did the Fed not do to interest rates? oil prices will rise but only after a complete capitulation, the fed is doing everything to avoid that, but the interest rate shock is looming, the market is taking over from […]

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The dramatic shrinkage of Greek earnings due to recession, the explosion of unemployment and the dominance of flexible forms of employment is exposed in a new document submitted by an experts’ committee to Greek Labor Ministry. As KeepTalkingGreece reports, the document featured details wage inequality during the period 2010-2015 and exposes a new social class […]

For the 19th week in a row, it appears low oil prices are not “unequivocally good” for the Dallas Fed region. Despite surging from -18.3 to -1.8 (beating expectations by 3 standard deviations) we note that wages tumbled on the month (to lowest since Sept 2013), as did prices received. The biggest driver of the […]

Following the latest allegedly terrorist incident to take place on German soil late Sunday at a music festival in the Bavarian town of Ansbach, near Nuremberg, when a 27-year-old man identified as a Syrian refugee blew himself up near the entrance to the event, injuring 12 others, Germany has been put on edge after an […]

There was a time when Caterpillar was considered a key bellwether for trends in global heavy industries, and thus a proxy for the manufacturing sector. However, over the past 3 years that has not been the case for one simple reason: if one looks only at trends revealed by CAT’s retail sales the global economy […]

The Canadian Dollar has now dropped 5 straight days, breaking above 1.3200 to the USD – its weakest in 4 months – as FX and equity markets catch up to oil’s recent demise… We are sure this will ‘help’ US corporate earnings… but when has that ever mattered.