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‎The Commandant-General of the Nigeria Security and Civil Defence Corps (NSCDC), Abdullahi Gana, on Wednesday said the Corps would partner with the Ministry of Civil Defence, Russia, on capacity building. This is contained in a statement signed by Emmanuel Okeh, the Corps’ Spokesperson and made available to huhu source in Abuja. According to the statement, […]

Twenty police officers of various ranks have been sanctioned for misconduct between November 2015 and March this year. CSP Abayomi Shogunle, the officer in charge of the police Complaint Response Unit (CRU) disclosed this in an interview. In Abuja on Wednesday. Shogunle explained that the sanction followed complaints received from members of the public during […]

Via Dana Lyons’ Tumblr, The CBOE SKEW Index just closed at its lowest level since October 2014 – but is tail risk in the stock market really that low? We often stress the importance of taking indicators and data at face value as much as possible, avoiding the temptation to qualify or *asterisk* readings that […]

One month ago we were quite amused by what at that time was one of the most ridiculous short squeezes we have ever seen when the stock of Peabody Energy, exploded higher from $2 to about $6 in days on… nothing. Many scratched their heads at this move as nothing fundamentally had changed in the […]

Since the Fed may not, or simply refuses, to see if not a bubble then at least “froth” in any asset class, perhaps it should hire Peter Thiel to be on its macroproduential supervisory committee, because according to the venture capital legend who co-founded PayPal everything is overvalued. Speaking at the LendIt USA Conference in […]

The tree of liberty must be refreshed from time to time with the blood of patriots and tyrants. Thomas Jefferson     If Thomas could see the US His look would be one of distress His great USA Now moral decay   A sad constitutional mess    The Limerick King . . . . Average: […]

Business inventory-to-sales ratio pushes to new deeply recessionary cycle highs at 1.41x… As inventories met expectations of a modest 0.1% drop MoM in February but sales tumbled 0.4%. Auto inventories rose 1.3% – the most since Sept 2015 (but sales were unchanged as opposed to +1.4% in Sept 2015). The breakdown is ugly across the […]Read More

Submitted by Charles Hugh-Smith of OfTwoMinds blog, The American public deserves the opportunity to vote for Sanders, Trump, and whatever hacks the two elitist war parties select. If the Republican Party chooses a candidate other than Donald Trump at its convention, the possibility that Trump would declare a third-party/ independent candidacy is already mainstream. This […]

Perhaps the biggest farce to result from the Dodd-Frank legislation designed to “rein in” banks was the ridiculous notion of “living wills” –  a concept that makes zero sense in an environment where the failure of even one bank assures a systemic crisis and could – as the Lehman financial crisis showed – lead to […]Read More

After a significant draw the previous week, API reported a large 6.22mm build overnight, now confirmed by DOE with a 6.63mm build. Cushing was expected to see a considerable draw due to the outage at TransCanada’s Keystone crude pipeline outage and was almost triple expectations (-1.76mm vs -610k exp). A larger than expected draw in […]Read More

Almost one month ago, when the market was well lower and the VIX was quite a bit higher, we shared some “Bad News For The Bears: Gartman Will Be Long VIX Until The S&P Hits 2,118” which led us to conclude “Gartman has basically doomed the market to soar back to its all time highs. […]Read More

Submitted by Mike Krieger via Liberty Blitzkrieg blog, When it comes to Obamacare, the devil is in the details. As the years go by, Americans are quickly recognizing that not only is Obamacare not helping them out, it’s actually crushing their paychecks to such an degree they’re finding it necessary to pursue alternatives. This has resulted in a mad dash […]Read More