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In one of the least surprising highlights from the ongoing earnings season, yesterday we reported that as oil continues to rise, US shale companies are starting to resume mothballed production. First, it was Pioneer who said it was “expecting to deliver production growth of 12%+ in 2016 compared to the Company’s previous production growth target […]

Despite surging stock prices in April, UMich’s final Consumer Sentiment print slipped to 89.0 (from 89.7 prelim and 91.0 previous) notably below expectations and the lowest since September 2015. Under the covers though, it was “hope” that really plunged, as Consumer expectations dropped to 77.0 – the lowest since September 2014. However, worst of all […]Read More

Having risen all day on the back of the weaker dollar now sliding to nearly one year lows, moments ago oil just wiped out all its intraday gains and tumbled to unchanged, losing almost a dollar in seconds. It is unclear what caused this sudden drop, although the headline that Saudi Arabia is set to […]

Submitted by Charles Hugh-Smith of OfTwoMinds blog, The banquet of consequences is about to be served. If we step back and look at what’s happened since the Global Financial Crisis of 2008-09, it’s easy to see that the global leadership has chosen to do more of what’s failed spectacularly. Since the Global Financial Meltdown, central […]Read More

As June looms, The Fed – having dropped ‘some’ of its global event risk language in the latest statement – is now desperate for an excuse to not hike rates (or face a total loss of credibility). Judging by Fed’s Kaplan, they just found it… *KAPLAN SAYS FED WILL WATCH U.K. POLLS ON BREXIT CLOSELY […]Read More

Gold “Chart of The Decade” – Maths Suggest $10,000 Per Ounce Says Rickards James Rickards, economic and monetary expert, joined Bloomberg’s Francine Lacqua on Tuesday to discuss the gold “chart of the decade”, his new book “The New Case for Gold,” why gold is money and why gold is going to $10,000/oz in the coming years. […]Read More

After being just fractionally above the official Q1 GDP print which yesterday came in at 0.5%, moments ago the Atlanta Fed unveiled its first Q2 GDP estimate which it sees at 1.8%, roughly 0.5% below the sellside average estimate of 2.3%, and just in line with the lowest forecast. From the Fed: Latest forecast: 1.8 […]Read More

With the Yen and Yuan surging, it appears money is greatly rotating out of US dollars and into an ‘alternative’ currency as Gold soars over $1290. As Gold is bid after the BoJ Shock… More problematically for Goldman Sachs’ Jeff Currie is his “Short Gold” recommendation just got stopped out… Goldman went short gold on […]Read More

At least six suspected members of Boko Haram have been arrested in Borno State, the Nigerian Army said on Thursday. “In a renewed onslaught on the leadership of Boko Haram terrorists, troops have earlier today, Thursday 28th April 2016, again made an unprecedented catch. “The gallant troops tracked and arrested 6 terrorists kingpins who sneaked […]

Nobel laureate, Prof. Wole Soyinka, has criticized President Muhammadu Buhari for his reaction to increasing attacks and killings by herdsmen in several states in the country. Soyinka in an address to the National Conference on Culture and Tourism on Wednesday said he was shocked by the President’s claim that the attacks would soon be over. […]

Lam Adesina of the blessed memory was the state governor. His ears were full of words of anger and vehement venoms about how the herdsmen had been murdered.  The governor, instead of verbally responding to the allegations, beckoned to the state police chief and DSS arrowhead in the state to brief the house on the […]