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Nigeria’s GDP figures were released yesterday. For people who like to watch horror movies, the numbers were like a dream come true. There was blood everywhere. The infographic below gives a breakdown by sector You can see that those moving backward are stronger than those moving forward. The overall effect is that the Nigerian economy shrank, […]

Nigeria is probably already in recession defined as 2 consecutive quarters of negative growth. If this is the case it will have come about by the irresponsible actions of the Central Bank of Nigeria (CBN), and its Monetary Policy Committee (MPC) led by a clueless and yes sir sycophant named Godwin Emefiele. It is unprecedented […]

Rotimi Ojomoyela from the Vanguard reported that residents of Oke Ako community in Ikole Local government area of Ekiti state have blamed police in the area for failing to act swiftly on Friday night when the community was thrown into mourning, wailing and gnashing of teeth, by suspected killer herdsmen who invaded the town, leaving […]

Not only is China facing a significant risk of an economic hard landing, but, as we have noted on many occasions, the country is also facing what perhaps may be an even greater risk: social unrest. As the economy continues to weaken, and layoffs continue to mount, China has started to relax its own labor […]

By Chris at www.CapitalistExploits.at Do you remember when you were growing up and all your friends were allowed Atari game consoles but you weren’t? Well, I do and the things seemed as foreign to me as Venus. Mostly because the little time I managed to spend on the gaming consoles when my friends weren’t hogging them I found […]Read More

Via Chris at CapitalistExploits.at, Do you remember when you were growing up and all your friends were allowed Atari game consoles but you weren’t? Well, I do and the things seemed as foreign to me as Venus. Mostly because the little time I managed to spend on the gaming consoles when my friends weren’t hogging them I […]Read More

During the Oregon standoff, where a group of US citizens calling themselves the Citizens for Constitutional Freedom, seized control of a federal wildlife refuge in protest of harsh sentences being given to members of a ranching family for allegedly allowing fires set on their property to spread on to federal land, Ron Paul posed a […]

Two months ago we were amazed to read that according to the latest “deus ex machina” proposed by the PBOC, China would “sweep away” trillions in bad loans by equitizing them in the form of debt-for-equity exchanges. This is how we tried to explain this unprecedented move on March 10 when Reuters first hinted it […]

With all the anti-one-percenter rhetoric and tax-evading-evil-doer narratives spewing forth from the mainstream media mouthpieces of the establishment since The Panama Papers were exposed for all to see, it may come as a surprise to some to find out which cohort of the elites are the most populous among the tax-haven-creating documents… The Politicians!! Source: […]

Authored by Richard M. Ebeling via The Future of Freedom Foundation, The world is threatened with a renewed wave of anti-capitalism and anti-business sentiments and policies. Many who cheered the demise of Soviet communism in the early 1990s, presumed that this meant that, by default, the case for free markets and competitive enterprise had won […]

Threats by prominent members of the black community against Donald Trump, either directly or indirectly, are nothing new. Just under two months ago we reported about the latest social fallout incident from Trump’s rising popularity, when prominent Black Lives Matter activist and rapper Tef Poe tweeted a message for “white people”: if Donald Trump wins […]

When the news hit on May 5 that Turkey’s Prime Minister Ahmet Davutoglu would unexpectedly stand down from his post as a result of sharply escalating fighting behind the scenes over president Tayyip Erdogan’s relentless attempt to rule Turkey with virtually no checks and balances, the market was not happy, and the volatility of the […]