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Eight months after a Russian fighter jet was downed over Syria by Turkish forces alleging the Su-24 had crossed into the country’s air territory on November 24, Russia suffered another major casualty in its ongoing air campaign against the Islamic State when on Friday ISIS militants shot down a military Mi-25 helicopter near Palmyra in […]

Authored by Bonner & Partners’ Bill Bonner (annotated by Acting-Man’s Pater Tenebrarum), Faking It Under a gold standard, the amount of credit that an economy can support is determined by the economy’s tangible assets, since every credit instrument is ultimately a claim on some tangible asset. […] The abandonment of the gold standard made it […]Read More

115 people were shot last week in Chicago. — Breaking News Feed (@pzf) July 10, 2016 The saga continues in Chicago as violence across the US ticks upward following the Dallas police attack. Having 115 people shot last week is incredible in lieu of what we reported earlier this year when 120 people in Chicago […]

Submitted by David Stockman via Contra Corner blog, The boys and girls on Wall Street are now riding their bikes with no hands and eyes wide shut. That’s the only way to explain Friday’s lunatic buying spree in response to another jobs report that proves exactly nothing about an allegedly resurgent economy. When the S&P 500 first […]Read More

With the S&P touching new all time highs on Friday, Barron’s took the opportunity to ask the recently rather skeptical Jeff Gundlach what he thinks of stocks here. Not surprisingly, DoubleLine’s new “bond king”, was less than enthused: “Look, I wouldn’t be surprised if the S&P hit a new high. But every time the S&P […]Read More

Nothing is more shameless in a bedazzling sort of way than rich banksters standing on the public curb with their hands out. First, we had the admission this past week by a major French bank that Italian banks are so sick (and so too big to fail) they could cause systemic banking failure throughout Europe if not bailed out […]Read More

Having made his views very clear on hypocrisy of how “above the law” Hillary Clinton was shown to be earlier this week, former New York City mayor Rudy Giuliani takes aim at another hypocritical aspect of today’s divided society – the Black Lives Matter movement’s ignorance of black-on-black violence. “When you say black lives matter, […]Read More

Who could have seen that coming? While many have questioned the “suitability of daily-traded, open-ended property funds that are giving investors access to an illiquid asset,” all the time the price is rising, no one wants to rock the boat. However, now that Brexit has rocked the boat, spoiling the party for UK property investors […]

Deutsche Bank’s stock price has crashed to all time lows, while its market-implied default risk is back to just shy of record levels…   … which is what likely prompted its chief economist to admit today that all is not well in the state of European banking, asking for a €150 billion (to start) bailout […]

Submitted by Jeremiah Johnson (nom de plume of a retired Green Beret of the United States Army Special Forces (Airborne)) via SHTFPlan.com, In the wake of all of the Brexit vote furore, a chilling blurb made headlines and it went largely unnoticed and uncommented upon.  The line was couched within comments made by Boris Titov, […]

Share on Facebook Tweet on Twitter Mr. Ayodele Samuel Ayo-Oloye A Nigerian Journalist and entrepreneur, Mr. Ayodele Samuel Ayo-Oloye, cautioned the Nigerian Federal Government on Sunday over plans to phase out mud houses in the country, saying that the ill-thought policy will increase the nation’s housing deficit by 40 percent. Mr. Ayo-Oloye, who is the […]

Based on his alleged impressive performance on the war against corruption, President Muhammadu Buhari has written the Senate President, Bukola Saraki, soliciting for the confirmation of Ibrahim Magu, as the substantive Chairman of the Economic and Financial Crimes Commission, EFCC. According to findings, the letter was forwarded to the Senate through his Special Assistant on […]