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Submitted by Charles Hugh-Smith via OfTwoMinds blog, The only “growth” we’re experiencing are the financial cancers of systemic risk and financialization’s soaring wealth/income inequality. The Keynesian gods have failed, and as a result we’re in the eye of a global financial hurricane. The Keynesian god of growth has failed. The Keynesian god of borrowing from […]Read More

Back in March we demonstrated how much of a historical outlier recent energy stock prices are, when we showed the ridiculous forward P/E multiple associated with energy stocks, whose earnings have collapsed not only historically but also on a forward multiple basis, resulting in a 50+ P/E forward multiple: something unprecedented in history. Overnight, Deutsche […]

In a video that some accuse of being crass and tasteless while others say will provoke Hillary Clinton to finally respond to a topic that she has so far eagerly avoided, but is most likely just a foreshadowing of many more such attacks to come, Donald Trump on Monday released a clip that uses audio […]

Submitted by Mike Krieger via Liberty Blitzkrtieg blog, In a February post titled, It’s Not Just the GOP – The Democratic Party is Also Imploding, I noted the following:  Yes, of course, Trump winning the GOP nomination marks the end of the party as we know it. After all, some neocons are already publicly and actively throwing […]Read More

Today’s ultra-low volume, ultra-low-range equity market can be summed up thusly… [embedded content] Before we get started, just two quick charts to shut the mouths of all those proclaiming this is a hated rally and that sentiment is shitty… it’s not! Net speculative positioning for S&P 500 futures is at its highest since Feb 2015 […]Read More

Steen Jakobsen, chief economist and CIO of Saxo Bank, says the US Federal Reserve is on the verge of making a mistake about its projected rate hikes. The Fed has given itself the option of hiking interest rates at its June meeting; but Jakobsen says he is sceptical about the proposals, arguing that the Fed […]

A month ago, Virgina governor Terry McAuliffe signed a controversial order into law which restored voting rights to more than 200,000 convicted felons in Virginia. At the time we noted McAuliffe’s close relationship with Hillary, and opposition comments that his action “doesn’t speak of mercy. Rather, it speaks of political opportunism,” and African American support […]Read More

A signpost painted by Boko Haram is seen in the recently retaken town of Damasak, Nigeria, March 18, 2015. REUTERS/Emmanuel Braun The Nigerian Army said on Monday that Boko Haram chief bomb maker has been killed by his own colleague, while another terrorist went blind. The Army did not identify them by names but said the […]

Ali Modu-Sheriff Nigeria’s main opposition party, the Peoples Democratic Party (PDP), was on the brink of collapse and would have disintegrated under the leadership Mr. Ali Modu Sheriff, Ekiti State Governor, Mr. Ayodele Fayose, who earlier backed him, said on Monday. Senator Ali Modu Sheriff-led National Working Committee (NWC) was dissolved and caretaker committee appointed at the […]Read More

Share on Facebook Tweet on Twitter Statement from Aso Rock President Muhammadu Buhari warmly felicitates with former First Lady, Mrs. Ajoke Mohammed who turned 75 today. President Buhari joins family members, friends and well-wishers in celebrating the worthy and exemplary life of Mrs. Mohammed, who has consistently shown that the entire society can be truly […]

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Share on Facebook Tweet on Twitter Yemi Osinbajo (middle) Nigeria’s Vice President, Mr.  Yemi Osinbajo, who was to represent President Muhammadu Buhari on a two day official visit to Lagos on Monday and Tuesday after Mr. Buhari himself cancelled the visit at the last minute, has cut short his trip and would be travelling to […]