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The Federal Government says it has commenced collation of data towards addressing infrastructure imbalance in all the zones of the country, with a view to stemming the tide of restiveness, corruption and poverty. It also said that the Federal Character Commission (FCC) is looking into data banks and soliciting information from appropriate quarters in a […]

One day after Ted Cruz refused to endorse Donald Trump in a speech that has since been defined as a historic, once-in-a-generation event, and yet one which supposedly Trump had vetted in advance, Donald Trump went on the war path against Cruz. At a convention farewell event in Cleveland with running mate Mike Pence, Trump […]

Outspoken billionaire businessman Mark Cuban apologized to the world last night for the GOP’s nomination of Donald Trump for president… Dear world. Please ignore what the loud guy in the suit is saying. Americans are nothing like him. We love our country and are proud of it — Mark Cuban (@mcuban) July 22, 2016 The […]

Via Dana Lyons’ Tumblr, The Dow just scored 7 straight all-time highs; are there more on the way, or is the air getting too thin? When the major U.S. stock averages broke out to new highs earlier this month, the key consideration became would the breakout fail or would the new highs stick? Well, 10 days […]

With ‘terrorist’ incidents breaking out everywhere from San Bernardino to the south of France, it is perhaps no surprise that the world’s airlines are struggling. But, as Bloomberg notes, over-capacity, rising fuel costs (so far this year), and weaker demand have hurt profits and crushed airline stocks to their worst year since 2008… Down over […]Read More

Submitted by Patrick Buchanan via Buchanan.org, The self-righteousness and smugness of Ted Cruz in refusing to endorse Donald Trump, then walking off stage in Cleveland, smirking amidst the boos, takes the mind back in time… At the Cow Palace in San Francisco in July of 1964, Gov. Nelson Rockefeller, having been defeated by Barry Goldwater, […]

The problem, warns 33-year St.Louis Fed veteran Daniel Thornton, is that “the financial cycle is way ahead of the economic cycle.” As Bloomberg notes, that’s a worry given that the past two downturns were driven by asset-price deflation. Americans are about as wealthy as they’ve ever been – and that’s a worry? Yup, say veteran […]Read More

When it comes to prevailing manias, there is everything else, and then there is Pokemon Go. And when it comes to those who stand to profit from said Pokemon mania, nobody is a bigger winner than Nintendo which less than two years ago became a part-owner of Niantic creator Pokemon Go. The relationship is as […]

Submitted by Samuel Bryan via SchiffGold.com, Earlier this year, Peter Schiff picked up on something few reported on when a former Federal Reserve president admitted the central bank created a phony wealth effect by pumping up stocks and other asset markets through its monetary policy. Several months later, analysis proved this was true, showing that […]

After yesterday’s ‘stumble’ everything is once again epic today… [embedded content] Let’s start with Turkey… Borsa Istanbul 100 plunged over 13% this week, the most since Lehman… We’re gonna need another coup this weekend (failed or otherwise) to keep this going into FOMC. But that never worried stocks which just kept on keeping on to […]Read More

Submitted by Lance Roberts via RealInvestmentAdvice.com, While the markets have indeed broken out to new highs, as I addressed earlier this week, it has done so without a significant improvement in the fundamentals. However, the breakout, such as it is, should not be dismissed or ignored. The technical underpinnings have improved enough to warrant an […]

Press statement The ongoing battle between Hon Abdulmumin Jibrin and Yakubu Dogara took a new twist today as the former accused Dogara and three other principal officers of the House of an attempt to blackmail and harass him with a view to obstruct justice. In a statement released by his lawyers, Jibrin accused the Speaker […]