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Silver is up over 11% in the last 6 days (the most since Aug 2013) since Britons decided to leave the sinking ship, pushing the white metal above the key $19.50 level – back to its highest since September 2014. Gold has been in great demand also, heading for its 5th straight weekly gain after […]

On Monday evening US Attorney General Loretta Lynch conveniently just happened to meet up with Bill Clinton for a private meeting on her plane on a Phoenix airport tarmac. [embedded content] Despite Lynch promising everyone that the only things that were discussed were Bill’s golf game and grandchildren, conservative watchdog Judicial Watch requested that the […]

Submitted by Mike Krieger via Liberty Blitzkrieg blog, Before this week, 14-year-old Ella Fishbough had never been in trouble at school. The cheerful, curly-haired eighth-grader’s undoing came when she learned that a male friend was having a bad day. As consolation, Ella put her arms around him in a hug. “It was literally for a […]

Is this even allowed? It appears S&P has joined the cynical, skeptical ranks of fiction-peddlers and has axed its economic outlook for the US economy. “All told, we expect the repercussions from Brexit to weigh somewhat on U.S. GDP,” says S&P’s U.S. Chief Economist Beth Ann Bovino. “Combining this with lower-than-expected first quarter growth leads […]Read More

We first warned that the Peer-2-Peer lending industry is poised for major trouble in May of 2015, when we predicted that not only are write-off rates set to surge, but that as the resulting struggling lenders seek to entice new borrowers they would have to push rates higher eating up profitability, as demand for future […]

US Manufacturing PMI fell back very modestly from its flash reading but rose MoM to 51.3 as Markit warns “producers are struggling in the face of the strong dollar, the energy sector decline and presidential election jitters.” But, ISM Manufacturing surged full of hope to 53.2, above the highest analyst estimate (a 4 standard deviation […]

In the latest update from Nomura’s Bob Janjuah, the traditionally bearish strategist justified his nickname, and when previewing his exposure to the market, says that “I generally want to be long bonds, especially long US duration, I want generally to be long the USD (as the least bad), and I generally want to be flat/short […]

See, Brexit was nothing… just like every establishment despot told us…right? Just as we sarcastically noted earlier… time for the post-open ramp — zerohedge (@zerohedge) July 1, 2016 Following the panic-bid into the close last night, this morning sees every one and their pet rabbit piling into high-beta momo (Trannies and Small Caps ripping)… In […]Read More

As DB’s Jim Reid says, June 2016 will always be remembered as the month when the UK voted to leave the EU and it’s fair to say that the overwhelming focus on the referendum dominated price action in markets from start to finish. Risk assets initially tumbled into mid-month as the leave campaign built momentum, […]

External reserves drop to $26.33bn  The nation’s external reserves fell marginally to $26.33bn on June 29, down 0.30 per cent from a month ago, the Central Bank of Nigeria data showed on Thursday. The foreign exchange reserves stood at $26.42bn on May 27, down by 9.2 per cent year-to-year. The reserves had stood on the […]Read More

Nigerian stocks closed trading on a negative note as the all share index dropped -0.99%. Market capitalization at the close of trading was N10,064,920,900,591.20. Highlights of today’s trading session. NSE All Share Index was 29,305.40 down –0.99%. Market capitalization closed at N10 trillion compared to yesterday’s market capitalization of N10.16 trillion. Volume of shares traded was 189,742,405.00 units. […]Read More

Nigeria is seeking $40bn to $50bn investment in oil projects with the commencement of a major road show in China, the Minister of State for Petroleum Resources, Dr. Ibe Kachikwu has said. Kachikwu, in an interview with Bloomberg Television in Beijing monitored by our correspondents, said the country had signed a potential deal for $8.5bn […]