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It’s the eternal struggle for solos. We’ve all been there. You render services, and you don’t enforce the strict terms of the agreement. The client can’t recharge her retainer because her transmission blew out, she had a family emergency — we get it. She’s out of money, or she has money and withholds payment. No […]Read More

A group of Christians under the aegis of Patriotic Christian Youths of Nigeria, have warned that the continuous closeness of the President of Catholic Bishops Conference of Nigeria and the Archbishop of Jos, Ignatius Kaigama to President Muhammadu Buhari, has been sending a wrong signal about Christianity in Nigeria. The organisation therefore advised that the […]

The attention of the Central Bank of Nigeria (CBN) has been drawn to malicious rumours and unfounded speculations that some banks in the country may have gone or may be going into distress. The CBN wishes to reiterate in the strongest terms that these rumours and speculations are untrue and do not reflect the actual […]

FBI Director Comey’s announcement that he doesn’t think Hillary Clinton should be prosecuted for sharing government documents on her private, unsecured email server is very troubling … The FBI Re-Wrote 6 Criminal Laws to Let Clinton Off the Hook Former FBI director Chris Swecker said Comey should have brought charges against Clinton: He seemed to be building […]Read More

It’s probably nothing. Domino #1: *STANDARD LIFE INV PROPERTY DROPS 15%; TRADING IN FUND SUSPENDED In a stark flashback to the catalytic event that ultimately brought down Bear Stearns in 2008, and subsequently unleashed the greatest financial crisis in history, last night we reported that Standard Life, has been forced to stop retail investors selling […]

Yeah, I don’t want to make this seem like it is something trivial.  But it shows that some are in fact above the law.  A solid, concrete illustration.  A grunt with a clearance that does this crap does time or is exiled from the security industry. This cunt just keeps on rolling. Meaning that the […]Read More

Forex has been the big banks secret gold mine, supporting their other losing operations (like normal banking business, lending, etc.).  To a large extent this has been unraveling, and this SIBOR lawsuit is another attack on their risk free profit center (FX).  Read the entire lawsuit released by Elite E Services here in full.  More […]

Another day, another short squeeze… [embedded content] Today’s bounce bought to you by the fact that traders forgot that Europe will open again in a few hours… It’s probably nothing… Post FOMC Minutes, bonds and stocks were bid, crude and gold sold modestly… VIX was monkeyhammered lower in a desperate bid to get the S&P […]Read More

Submitted by Jim Quinn via The Burning Platform blog, Just over a week ago the world was coming unglued, as enough British citizens grew a pair and spit in the face of the EU establishment and global elite by voting to exit the EU. The fear mongering by central bankers and their puppet political hacks […]

After six straight weeks of drawdowns and against expectations of a 2.5mm barrel build, API reported a massive 6.736mm barrel drawdown – the biggest since June 2015. Distillates and Gasoline also saw major draws.  The result – unsurprisngly – is a surge in crude, extending the day’s gains, even though Cushing saw a modest 80k […]Read More

Following today’s Fed minutes release, Jeff Gundlach had a far less “uncertain” message: “Things are shaky and feeling dangerous,” Gundlach told Reuters in a telephone interview. It’s not just stocks that Gundlach was not too excited about, he also had some choice words about buying Treasuries here. “You’re seeing people who hated the ‘2 percent’ […]Read More

Instead of suspending trading and implicitly disallowing redemptions, giant fund manager Aberdeen has forced investors in its UK Property fund to take a 17% haircut wiping hundreds of millions of dollars off its value. The fund stated that shareholders wishing to redeem will do so at a reduced price in order to reflect the current […]