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While wholesale sales rose modestly MoM, the continued stagnation in wholesale inventories (lowest since 2010) bodes poorly for Q2 GDP. At 1.36x, the wholesale inventories-to-sales remains near record highs, but Automotive inventories to sales soared to cycle highs at 1.83x (as Auto sales dropped 0.7% MoM but inventories rose 1.0% MoM). The gap remains wide… […]Read More

Submitted by Mike Shedlock via MishTalk.com, In the wake of an IMF threat to back out of the Troika deal with Greece, Germany blinked under the IMF pressure. Well, sort of. The result was not quite the debt relief the IMF wanted, but it was more than Germany was prepared to offer yesterday. Please consider […]

When last Friday’s disappointing payrolls report hit, which saw just 160K jobs added in April, stocks initially tumbled only to surge as the case of a June rate hike was quickly taken off the table. Not only that, but according to Fed Fund futures as of this moment, the Fed won’t hike until some time […]

“Symbolizing how far the United States and Japan have come in building a deep and abiding alliance based on mutual interests, shared values and an enduring spirit of friendship between our people,” according to The White House official statement, The Hill reports that Nobel-Peace-Prize-winning President Obama will become the first sitting U.S. president to visit […]

President Buhari making a presentation to Paul Biya, President of Republic of Cameroon and his wife Mrs Chantel Biya at the end of their 2 day state visit to Nigeria at the Transcorp Hilton Hotel Abuja on 4th May 2016 The Presidebcy in Nigeria said on Tuesday that President Muhammadu Buhari will host the second Regional […]

David Cameron, the Prime Minister of Britain, has invited President Muhammadu Buhari to the London Summit taking place on Thursday, but he has been caught on camera calling Nigeria and Afghanistan as “fantastically corrupt”. Read the story by British Newspaper, The Independent ‘We’ve got the leaders of some fantastically corrupt countries coming to Britain’ By Adam […]Read More

Oando Gas and Power Limited (OGP), has commenced development of a mini Liquefied Natural Gas (LNG) facility through its subsidiary, Transit Gas Nigeria Limited (“TGNL”) in Ajaokuta. This is to meet up with the gas supply requirement for captive power plants, embedded generation, and industrial clusters in the Northern region, as well as stranded customers […]

Minister of Solid Minerals, Dr. Kayode Fayemi, who disclosed that talks are on between the Federal Government and a consortium of banks in the country on how to provide intervention fund to revive the ailing steel and mining sector.The minister made this revelation in Lagos at a breakfast meeting with mining operators organised by Stanbic […]

Submitted by Mike Krieger via Liberty Blitzkrieg blog, TTIP is just one of several phony “trade” deals written by corporate lawyers and lobbyists, and negotiated in secret between the Obama administration and various world leaders. This particular scam involves the U.S. and Europe, and it has seen increased public resistance and attention as of late, something […]Read More

Just recently we warned that thanks to Obamacare, insurers would be unveiling enormous premium increases to the public, ironically just one week before the presidential election. As the Wall Street Journal reports, Oregon and Virginia are the first two states to make insurers’ premium proposals for 2017 public, and we are now able to see […]

Authored by Bill Bonner of Bonner & Partners, annotated by Acting-Man’s Pater Tenebrarum, Everybody Is Unhappy PARIS – “France?” We were in a cab on the way from Charles de Gaulle Airport yesterday. We had innocently asked our cab driver how things were going in the country. He had some thoughts… French president Francois Hollande: […]Read More

R-L: Wife of the Lagos State Governor, Mrs. Bolanle Ambode, Governor Akinwunmi Ambode; APC National Leader, Asiwaju Bola Tinubu and his Wife, Senator Oluremi Tinubu during an evening of Jazz Music with the Governor in commemoration of the International Jazz Day 2016, at the Lagos House, Ikeja, on Saturday, April 30, 2016. The Lagos State […]