admin

Riksbank Deputy Governor Cecilia Skingsley asked an interesting question: “If monetary policy seems to have lost its magic touch, what can central banks do?” In a speech summarized on the Riksbank website, Skingsley had some interesting things to say about the efficacy of NIRP, central banks playing follow the leader, and the use of helicopter […]

For Caterpillar, the great recession was bad, for about 19 months. In May 2010, after declining sharply for just under two years, CAT posted it first positive global retail sales comps and never looked back… until December 2012 when comp sales once again turned negative and have been negative ever since. For the past 41 […]

In what many considered to be a flagrantly criminal abuse of investment bank “restricted lists”, yesterday Goldman underwrote a $2 billion equity offering for Tesla (to find its amusing expansion strategy) just hours after Goldman upgraded the stock to a Buy. We have done our best to alert the regulators… Hey @SEC_News here it is […]

Once again a late-day miracle VIXtermination-driven bounce “off the lows” is erased on heavy volume selling. With the S&P breaking key technical levels, only Dow Transports remains in the green (up less than 1%) for the year now as Fed speakers pile on the hawkish tone… As “sell in May” strikes once again… Average: Your […]Read More

Having denied any investigation as “inflammatory and speculative” when the Phil Mickelson insider-trading brouhaha initialy erupted two years ago, it appears the golfer’s lawyers may have to shift from the “deny deny deny” defense to “let’s make a deal.”  Having been unable to pin anything on Wall Street insider Carl Icahn, Vegas sports gambler Billy […]Read More

Submitted by Nick Cunningham of Oilprice.com Greek Pipeline Breakthrough To Challenge Russian Gas Dominance After years of debate, political jockeying and acrimony, a major pipeline project to bring natural gas to Southern Europe has broken ground. The Trans-Adriatic Pipeline (TAP) will connect the Caspian Sea to European markets, providing Europe with another large source of […]

Following yesterday’s surprisingly hawkish minutes, the market held on to hope that either vice Chair Fischer, or former Goldmanite Bill “edible ipads” Dudley would provide at least some dovish counter to a Fed that suddenly has taken out all the wind from the market’s sails. That did not happen earlier when Fischer refused to comment […]Read More

Submitted by Pater Tenebrarum via Acting-Man.com, Presidential Duties We recently stumbled upon an image in one of the more obscure corners of the intertubes which we felt we had to share with our readers. It provides us with a nice metaphor for the meaningfulness of government activity. First, here is a look at the picture […]

Comfortable retirement is the desire of many and almost all retirement services company websites have calculators that will give you an idea of how much you are likely to have at retirement based on certain actuarial assumptions. More often than not, things do not end up the way the calculators foretell. After-all, we are living […]

Ibe Kachikwu Studios put out their latest movie yesterday starring Ibe Kachikwu, of course. The video is quite good and you can watch all 11 minutes of it below by clicking through to his Facebook page Most of what he says is self-explanatory but one part is useful for what I want to write about — the swaps. […]Read More

Managing Director of the Nigerian Sovereign Investment Authority (NSIA) which manages Nigeria’s sovereign wealth fund, Mr. Uche Orji has disclosed that the fund has a total assets of about $1.8 billion. Orji made this disclosure yesterday, while visiting the Nigerian Stock Exchange (NSE) in Lagos. According to Orji, the NSIA is shifting its focus from […]

Based on the lingering scarcity of aviation fuel in Nigerian airports, the Ghanaian aviation industry is currently making huge sales as more airlines are currently flying there to fuel their aircrafts. Because of this development, there is a significant increase in the number of aircraft that land at the Kotoka International Airport, since the ongoing […]