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For decades, the story of Saudi Arabia recycling petrodollars, i.e., funding the US deficit by buying US Treasuries with proceeds of its crude oil sales (mostly to the US), while the US sweetened the deal by providing the Saudis with military equipment and supplies, remained entirely in the conspiracy realm, with no confirmation or official […]

The Huffington Post has removed an article on its website Sunday, claiming that the FBI plans to indict Hillary Clinton on federal racketeering charges. As Breitbart first reported, HuffPo freelance contributor Frank Huguenard, a scientist and public speaker, posted an article on the site’s blog entitled “Hillary Clinton to be Indicted on Federal Racketeering Charges.” […]

The Conference Board’s consumer confidence measure has hovered around the 95 level for the last 6 months (as gas prices dipped and ripped, as stock prices dipped and ripped, and as political chaos reigned). This ‘stability’ is in stark contrast to other surveys of confidence such as Bloomberg’s and Gallup’s which are both at multi-month […]Read More

In its ubiquitous manner, crude futures decided to try and run the stops at the US equity open but were unable to get to $50 (49.984 in July WTI) before fading back a little. Ths driver – according to the narrative-du-jour – is turmoil in Libya and ongoing Nigeria and France disruptions, which are both […]

This is the 17th month in a row of contraction for Dallas Fed’s manufacturing survey as the headline print plunged to -20.8 from -13.9 (missing expectations of a hopeful bounce to -8.0 by 6 standard deviations). Despite the unequivocally good rebound in oil prices, sentiment in Dallas remains dismal with new orders crashing as even […]Read More

Confirming the trend in bookies’ bets, the latest polls (both telephonic and online) now point to ‘Brexit’ being more likely than ‘Bremain’. This sparked a 100 pip plunge in Cable and sent US and European stocks lower… Which should not be a huge surprise, as we noted previously, while that has become the narrative for […]Read More

Just one week after the US Department of Commerce quietly slashed historical US capex spending by billions of dollars following a major data revision… … it was time for another major revision to a series that is nearer and dearer to most Americans’ hearts, namely Disposable Personal Income. As we noted earlier, today’s Personal Income […]

By EconMatters When reviewing the financial metrics of CVX, this stock is overpriced relative to the fundamentals of the company. CVX should Conservatively Retest $88 before year end. With over $42 Billion in Debt, a $50 oil price, and a 4% dividend this company is mismanaging capital right now trying to prop up the stock […]

Niger Delta Avengers Attack is confirmed At least 50 Nigerian soldiers have been killed in the Niger Delta region following military operations against militants blowing up oil and gas pipelines, the Niger Delta Avengers said in a statement on Tuesday. The militants said the soldiers died because they were deployed without “amphibian training”. More would […]

President Buhari receives Mr Manar Dabbas, National Political Adviser and Special Envoy of the King of Jordan and the National Security Adviser Babagana Monguno in Statehouse on 31st May ,2016. R-L; Political Adviser Office of his Majesty , Mr Zaid Masaraweh, Chief of Staff to the President, Mallam Abba Kyari, Minister of Foreign Affairs, Mr […]

The police statement is clear. Read. Following the manifestation of the disposition of the armed Independent People of Biafra (IPOB) activists to undertake premeditated attacks on Police officers engage in operations aimed at restoring public order in States in the South-East and South-South geopolitical zone of the country, the Inspector-General of Police, IGP Solomon E. […]

Governor Aminu Waziri Tambuwal, assisted by the Sokoto Commissioner of Health, Dr. Balarabe Kakale, presenting mosquito nets and anti-malaria kits to a beneficiary at an event to mark this year’s World Malaria Day celebration in Sokoto…Monday 25/04/16 President Muhammadu Buhari’s effort to change things in Nigeria for good is palpable but that effort has been hampered […]Read More