admin

The Senate, Monday, advised the Presidency to come clean with Nigerians on the 2016 Budget and stop engaging in surreptitious campaigns of calumny against the Senate in order to cover up its serial errors. Reacting to claims in the media credited to the Executive arm of government on the 2016 budget, Senator Aliyu Sabi Abdullahi, […]

Elder statesman and former Permanent Representative to the United Nations, Alhaji Yusuf Maitama Sule, has called on Nigerians to exercise patience with the current government of President Muhammadu Buhari.  The Dan Masanin Kano, noted that the problems of the oil sector, including the current fuel scarcity, cannot be solved overnight. Addressing journalists in Abuja, yesterday, […]

Fulani herdsmen yesterday attacked Angai and Ndole villages in Gashak Local Council area of Taraba State, killing several persons.   Following the incident, a large number of the locals have reportedly fled to the neighbouring country Cameroon and nearby local council areas.   Though the exact number of casualties is yet to be confirmed by […]

Moments ago the IMF did what it does better than anyone (with the exception of the Fed): it once again admitted its forecast of world growth had been too optimistic, and as a result in its just released quarterly World Economic Outlook report, it cut its forecast for 2016 global GDP growth from 3.4% to […]

Over the weekend, we asked the question, Did the Canary of New York’s Luxury Housing Market Just Die, following reports of the bankruptcy of a New York luxury real estate developet. Now, just two days later, we learn that another high-end real estate developer is having trouble closing out an ultra-luxury project in Manhattan. Courtesy […]

What is more bullish than utterly bearish macro-economic data? Answer – more bearish macro data (and a call for moar monetray stimulus that has workled so well in recent years)… So what happens now that algos have run the overnight high stops? And it’s gone… Average: Your rating: None Average: 5 (2 votes)

Following this weekend’s snafu in which Spiegel said that Germany is considering suing the ECB if it launched QE, Mario Draghi reportedly made attempts to “mollify” Germany with promises that this won’t happen (it will) and that it was willing to meet – literally – with the German finance minister to appease any concerns he […]Read More

Contact Information: Tips: tips [ at ] zerohedge.com General: info [ at ] zerohedge.com Legal: legal [ at ] zerohedge.com Advertising: ads [ at ] zerohedge.com Abuse/Complaints: abuse [ at ] zerohedge.com Advertise With Us Suggested Reading: Make sure to read our “How To [Read/Tip Off] Zero Hedge Without Attracting The Interest Of [Human Resources/The […]

Contact Information: Tips: tips [ at ] zerohedge.com General: info [ at ] zerohedge.com Legal: legal [ at ] zerohedge.com Advertising: ads [ at ] zerohedge.com Abuse/Complaints: abuse [ at ] zerohedge.com Advertise With Us Suggested Reading: Make sure to read our “How To [Read/Tip Off] Zero Hedge Without Attracting The Interest Of [Human Resources/The […]

Excerpted from John Hussman’s Weekly Market Comment, The single most important quality that investors can have, at present, is the ability to maintain a historically-informed perspective amid countless voices chanting “this time is different” and arguing that long-term investment returns have no relationship to the price that one pays. From a long-term, historically-informed investment perspective, […]

Total chaos reigns as equity market “participants” flip from manic-sellers (IMF un-growth and Italian bank bailout failure) to panic-buyers after the following headline hits Bloomberg: SAUDI ARABIA, RUSSIA REACH CONSENSUS ON OIL FREEZE: INTERFAX INTERFAX SAYS SAUDIS TO DECIDE ON OIL FREEZE REGARDLESS OF IRAN INTERFAX CITES UNIDENTIFIED PERSON ON RUSSIA, SAUDI CONSENSUS The initial […]

Last week when BofA reported that “everything is being sold” as its smart money clients (institutional, private and hedge funds) dumped stocks for a whopping 10th consecutive week, it said that “BofAML clients were net sellers of US stocks for the tenth consecutive week, in the amount of $3.98bn. Net sales last week were the […]