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The supposedly dovish April FOMC statement – as global fears fell and turned domestically – has left bonds and bullion the winners and stocks the losers as investors lose faith in The Fed’s forecast and economic promises. Today’s FOMC meeting minutes suggest an increasingly cornered Fed will pull the trigger iun June with member disagreements […]

The conflagration that is the collapse of a socilaist utopia continues to escalate in Venezuela today. With morgues overflowing, medicines running out, and apocalyptic scenes playing out across the nation, Venezuelans took to the streets of Caracas today – at the behest of the opposition – demanding a recall referendum to end Venezuelan President Nicolas […]

The longer Bernie Sanders stays in the race for the Democratic presidential nomination, the more unraveled and divided his party is becoming. Recently we showed Senator Barbara Boxer’s epic meltdown in Nevada, when she completely lost it after being booed by Sanders supporters. The scene was indicative of just how frayed and chaotic the Democratic […]

While Wall Street has had its generous Federal Reserve sponsor for the past 8 years, literally printing money out of thin air, showering banks with risk-free profits and making the rich richer beyond their wildest dreams (although ever since the end of QE the pump has run dry), the rest of the US population was […]

Another roller-coaster day… “you’re a crook, and a cheat, and a swindler…” [embedded content] Today’s melt-ups (pre-FOMC Minutes) were all thanks to broken markets But after FOMC, things went south in everything (except the Dollar)… Post-fed, bonds win (but they all lose)… Obviously we were panic bid into the FOMC minutes but that all changed […]Read More

Call it criminal deja vu, all over again. Back in February 2014, just hours after Morgan Stanley shocked the market with an upgrade of Tesla which had a price target over 100% higher than the existing price, we reported that Morgan Stanley stunned the market when it also announced it was the underwriter on a […]

Submitted by Thad Beversdorf via FirstRebuttal.com, I recently wrote a piece about Bill Gross’s May Investment Letter.  In the letter Bill predicts a jobless society in the not too distant future suggesting technology will replace human labour at a lower cost. Now to solve this problem Bill proposes the government implement a program of Universal […]

Wall Street bonuses could decline by as much as 20 percent this year according to estimates from compensation consultant Johnson Associates Inc. While bonuses are predicted to fall across the board, the firm believes that fixed income trading and investment bank underwriting will be hardest hit, estimating that bonuses for those roles will fall as […]

Share on Facebook Tweet on Twitter Amina Ali is one of the missing Chibok girls married to Mohammed.Her baby is named Safiya and is 4 month old. Correction: A previous version of this story said Safiya was 15 month old. The Nigerian Army clarified that the baby is just four month old. Previous articleWeapon Found […]

President Muhammadu Buhari said on Wednesday that corruption was largely responsible for the inability of the Nigerian military to quickly defeat Boko Haram. He was speaking at an audience with the Grand Imam of Al-Azhar, Dr. Ahmed El-Tayeb. President Buhari said  the loss of 14 local government areas to Boko Haram had greatly tarnished the […]

The Nigerian Army disclosed on Wednesday evening how one of the Chibok girls kidnapped by Boko Haram more than two years ago was rescued. The spokesman of the Nigerian Army, Colonel Sani Kukasheka Usman, said in a statement that “in continuation of Operation CRACKDOWN,  troops of 25 Brigade Damboa in conjunction with Civilian JTF deployed […]

Doyin Okupe, the erstwhile Senior Special Assistant to former President Goodluck Jonathan on Wednesday, May 18, 2016 appeared as the third defence witness (DW3) for Olisa Metuh, the embattled national spokesperson of the Peoples Democratic Party, PDP who is standing trial over his alleged role in the infamous $2.1 billion arms deal involving the former […]