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By EconMatters We look at the Electricity Grid in Nigeria and contrast with India`s economic resurgence – illustrating potential growth opportunity for increasing productivity in Nigeria. [embedded content] © EconMatters All Rights Reserved | Facebook | Twitter | YouTube | Email Digest | Kindle    Average: Your rating: None Average: 5 (1 vote)

From one haircut (that of Heta senior creditors) we go to another. When it comes to its human rights record, U.S. ally Saudi Arabia manages to avoid the mainstream media even though, as we reported recently, just in January, Saudi Arabia executed 47 people – its largest mass execution since 1980. Some were convicted terrorists, […]

In a somewhat more manic-than-usual introduction to his 2016 macro outlook, Eclectica’s Hugh Hendry – the first of the big bears to throw in the towel and kiss the ring of central planners – admits that things did not turn out quite as he expected, noting “I used to be a big deal”, that “I […]Read More

Just over a year ago, a black swan landed in the middle of Europe, when in what was then dubbed a “Spectacular Development” In Austria, the “bad bank” of failed Hypo Alpe Adria – the Heta Asset Resolution AG – itself went from good to bad, with its creditors forced into an involuntary “bail-in” following […]Read More

First it was the Saudis; then Russia announced another month of record oil production. And now it is Iraq’s turn. According to the state-run Oil Marketing Co., Iraq increased crude output to a record level in March, ahead of the long-awaited April 17 meeting in Qatar where OPEC members and other producers may or may […]

By Mises.org, Originally printed in Newsweek on October 14th, 1946 as “Inflation, Deflation, Confusion.” Available in Business Tides: The Newsweek Era of Henry Hazlitt Hazlitt, 1946: Inflation, Deflation, Confusion In the last two years left-wingers have been fond of referring to private enterprise as a “boom-bust” economy; OPA officials have contended that only price fixing […]Read More

Submitted by Charles Hugh Smith from Of Two Minds Japan Desperately Needs A Stronger Dollar, China Desperately Wants A Weaker Dollar: The Fed Can’t Please Both The FX market is about to blow up in the Fed’s face, and there’s nothing they can do about it. Foreign exchange (FX) is a zero-sum game: if one […]Read More

We’re starting to see some concerning developments in the luxury real estate market. First, we observed as Urbancorp, one of Toronto’s largest property developers, quietly canceled a condo complex they had been working on, and instead converting the project into rental apartments. This was one of the first signs that demand for luxury real estate […]

As we predicted last week when Wikileaks released an IMF transcript which suggested trubulent times may be ahead for Greece, Reuters today writes that “the leaking of a conference call of International Monetary Fund officials on Greece’s latest bailout review has further undermined mutual trust in fraught debt talks, embarrassed the European Commission and infuriated […]

Guest Post – Path to the Great Reset   By Joe Withrow   Author of ‘The Individual is Rising’     The financial, political and economic powers wish you and I to remain confused about what constitutes money because this promotes apathy and the desire to let the ‘experts’ remain in control. And while the […]

China has finally come full circle. Recall that last year as equities surged, Chinese “investors” opened enough brokerage accounts for every man, woman, and child in LA. The slowing of the economy and pending devaluation of the currency led the smart money to short the market, putting significant downward pressure on stocks. The answer to […]

Someone seems to have hit the emergency button at the Fed, as even though the central bank said that everything was just fine with the American economy just a few weeks and months ago, the situation has currently escalated into a full-blown panic mode. On Thursday, the Board of Governors of the Federal Reserve has […]