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Ex-minister of Finance, Dr. Ngozi Okonjo-Iweala has said that ex-President Goodluck Jonathan’s administration created 10,000. Okonjo-Iweala made this revelation while speaking at a forum of Finance Ministers across the world. She further said the over 10,000 jobs were created through a special entrepreneurship programme for Nigerian women. “We developed a program for women entrepreneurs. A World Bank […]Read More

Flamboyant Senator and emerging godfather of Kogi State politics, Otunba Dino Melaye, on Saturday in Abuja opened a new chapter in the trial of the Senate President, Dr. Bukola Saraki, at the Code of Conduct Tribunal over alleged falsification in his assets declaration, saying it would end in the Supreme Court. According to him, the […]

It appears Russia is close to taking the next big step towards de-dollarization and killing the petro-dollar as Vladimir Putin’s “dream” of ruble-based pricing of its domestically-produced oil is on the verge of realization. SPIMEX (The St. Petersburg International Mercantile Exchange) is actively courting international oil traders to join its emerging futures market, which as […]

Submitted by Ben Hunt via Salient Partners’ Epsilon Theory blog, Edward Tufte is a personal and professional hero of mine. Professionally, he’s best known for his magisterial work in data visualization and data communication through such classics as The Visual Display of Quantitative Information (1983) and its follow-on volumes, but less well-known is his outstanding […]

Among the bigger financial problems covered in depth on Zero Hedge over the past several years, have been China’s massive amount of newly created credit adding to an already unsustaimable debt load (estimated as high as 350%), its rapidly growing bad debt pile (what we call China’s “neutron bomb” which as we first estimated last […]Read More

Submitted by Patrick Buchanan via Buchanan.org, “The two living Republican past presidents, George H. W. Bush and George W. Bush, have no plans to endorse Trump, according to their spokesmen.” So said the lead story in The Washington Post. Graceless, yes, but not unexpected. The Bushes have many fine qualities. Losing well, however, is not […]

In the past several months we have dedicated numerous articles to demonstrate the sheer lunacy of the Vancouver real estate market with isolated cases in which Vancouver houses, whether abandoned or in good shape, would sell for millions of dollars above asking just because Chinese buyers would pay any price in their rush to evade […]

Authored by EconomicPrism’s MN Gordon, annotated by Acting-Man’s Pater Tenebrarum, A Week to Remember Today we look back to the recent past with singleness of purpose.  Context and edification for the present economy is what we’re after.  We have questions… How come the recovery has been so weak?  Why is it that, nearly seven years […]Read More

Since we first reported on the massive fire (and the fallout) that was burning in Canada’s oil sands gateway, Fort McMurray, things have gone from bad to worse. Today we learn that the fire that has already devastated 600 square miles, growing an additional 50% in less than 24 hours, is out of control, and […]

Scott Adams – creator of the infamous Dilbert cartoons – believes Donald Trump will win the presidency in a landslide. Trump’s “meticulously plotted domination,” as Adams explains to The Washington Post, stems from his running on our emotions and sly appeals to our own human irrationality. as the following six points make clear, Adams views […]

No, that’s not a ‘click bait’ sensationalist title. Things are getting ‘weird’ out there if you’re trying to be polite, and downright ‘chaotic’ if you’re being blunt.  Everywhere we look, we see signs that the systems that support us are breaking down.  The economy no longer spins off enough surplus for the elites to take […]Read More

Something happened this week that has never happened before. While outflows from equity ETFs soared, the $3.6 billion redemptions from high yield bond ETF HYG this last few days is the largest ever – almost twice as big as the previous largest outflows (seen in May last year). The last week saw the biggest outflows […]