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Written By: Stella Ene-Inyang It is vile expression for people to say that young man, the banker who was alleged to have knelt down for Fayose begging, given the pictures which went viral last week, ought to be ashamed of himself and according to many, mainly the male folks “he has fallen the hands of […]

Share on Facebook Tweet on Twitter Court Summons EFCC, Puts Fayose’s Mandatory Order In Abeyance Efforts made by Governor Ayodele Fayose to reverse the restriction order placed on his accounts frozen by the Economic and Financial Crimes Commission(EFCC) in Zenith Bank Plc was temporarily halted on Tuesday as the Federal High Court sitting in Ado […]

Submitted by Charles Hugh-Smith via OfTwoMinds blog, This process of withdrawal into the relative safety of internally cohesive groups and group identities is intrinsically messy in globalized, multicultural societies. A great many narratives are drifting around the Brexit pool: a return to sovereignty, class war, “controlled demolition,” nothing-but-another-political-Kabuki- spectacle, end of the European Union, etc. […]

In his first appearance in European Parliament since the Brexit vote, UKIP leader Nigel Farage was greeted with raucous jeers and boos (presumably for enabling The Brits to exercise their democratic right to self-determination). Once EU President Martin Schulz had demanded (ironically) that they listen, Farage began his ‘victory’ speech by reminding his so-called peers […]

From RBC’s Charlie McElligott The Dollar is near session lows with other safe havens currencies (Franc and Yen the only other G10 FX that are lower this morning), helping everything from EM to crude to iron ore to Sterling “get legs” overnight (despite the UK sovereign downgrade at that).  Similarly, USTs and core EGBs are […]Read More

With headlines and soundbites now emerging from today’s Brussels summit where David Cameron is the star attraction, here is how both the British referendum as well as the EU summit are being viewed elsewhere in Europe. First, here is a snapshot from the German newspapers. The Frankfurter Allgemeine Zeitung says the referendum has become a […]

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With the biggest miss in two years, Richmond Fed collapsed to -7 (lowest since Jan 2013) from March’s 22 print (six year highs). The farcical flip-flop leaves the average workweek plunging into contraction, number of employees dropping, New Order volume crashing, and worse still, future expectations of hisring and work week is plunging. Best in […]

By Chris at www.CapitalistExploits.at Humble, mindful, curious, and sporting a brain the size of a planet, Mikael Syding is a man you’re going to enjoy listening to. I recorded a recent conversation that I had with Mikael for you but first a bit of background. Mikael managed the long/short equity fund at Futuris/Brummer from 2000 to 2015 […]Read More

Despite a rise in headline consumer confidence, there are increasingly gaping divergences between various cohorts that suggest all is not well in America. Regionally, Pacific ‘confidence’ has surged while New England has plunged. Plans to buy a car or a major appliance or a home all dropped, with the latter at its lowest in 10 […]

Earlier we pointed out that while the “real money” has been tiptoeing into “obvious” sectors like utilities, the cause of the overnight buying scramble appears to be yet another short squeeze. There is a reason for that. As RBC’s McEllifott follows up, there are “signs of capitulation yesterday in US equities (high beta basket -5.6%, […]Read More

Following the release of former secret service officer Gary Byrne’s book, Clinton campaign officials have tried to play down his accusations with ad hominum attacks at Byrne as opposed to denying any of his allegations. However, as his book gains traction, RealClearPolitics reports that during his appearance of FOX News’ Hannity show, Byrne talked Hillary […]