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Nigerian president Muhammadu Buhari (C) sits with Aisha Buhari, the new first lady of Nigeria (3rd L) and outgoing president Goodluck Jonathan (R) during his inauguration in Abuja, Nigeria 29 May 2015. Muhammadu Buhari was inuagurated as president of Nigeria at a ceremony in the capital Abuja. May 30, 2015| Credit: Anadolu Agency Written by […]

The war on cash just got serious, and of course, it is the extreme policy experimenters of Japan that are pushing the boundaries. Having dived headlong into negative interest rates, Japanee policymakers recognize full well the historical reaction of “hording cash” will not ‘create’ the nirvana of 2% inflation and break the ‘deflation mindset’ that […]Read More

The following tweet by Eurofaultlines is the best, and most concise, summary of the recent “improvement” in nonfarm payrolls.  Declining average weekly hours and rising part-time employment. That, for all non-fiction peddlers, is all you need to know. Average: Your rating: None Average: 5 (7 votes)

During a leisurely stroll around Germany, one may encounter many strange sights but nothing would stranger than the following ad (courtesy of Peter Barkow) which promises negative 1% interest rates for consumer loans up to 24 months. Here is the quick and dirty: take out a loan and pay 1% less. For the fine print […]

One month ago, when Mario Draghi unveiled his quadruple-bazooka QE expansion, which for the first time ever included the monetization of corporate bonds, the German press, in this case Handelsblatt, had a swift reaction. It did not approve. Fast forward a month later when the ECB is now contemplating the final monetary gambit, launching helicopter […]

Submitted by Jim Quinn via The Burning Platform blog, It appears a few children were left behind. The Department of Education was created in 1979 and now has an annual budget of $73 billion, with 5,000 government bureaucrats roaming its hallways. When you include all Federal, State and Local spending on public education it totals […]

Submitted by Alasdair Macleod via GoldMoney.com, It is commonly assumed that the gold price and interest rates move in opposite directions. In other words, a tendency towards higher interest rates is accompanied by a lower gold price. Like all assumptions about prices, sometimes it is true and sometimes not. The market today is all about […]

The yen’s strength may be tripping up U.S. stocks as the collape of the BoJ-inspired carry trade pressures leverage and risk-taking around the world. As Bloomberg notes, in the last 10 instances the yen rallied at least 1 percent against the dollar, the Standard & Poor’s 500 Index lost 0.8 percent on average, the most […]Read More

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President Muhammadu Buhari will today embark on a week-long working visit to the People’s Republic of China. According to the Special adviser to the president on media and publicity, Femi Adesina, the visit is aimed at securing greater support from Beijing for the development of Nigeria’s infrastructure, particularly in the power, roads, railways, aviation, water […]

Central Bank of Nigeria on Saturday said that its governor, Godwin Emefiele, has not been making his official travels in private chartered flights. Spokesperson of the CBN, Isaac Okorafor, said that was the practice for several years in the past, it was stopped by the bank since the 90s. Okorafor said, private and official chartered […]

The Dangote Cement Plc says it has commenced of the construction of a new three million metric tonnes per annum capacity cement grinding plant in Cote d’Ivoire. Dangote Group Executive Director, Strategy, Projects and Portfolio Management, Mr. Devakumar Edwin, disclosed in Lagos that the Cote d’Ivoire project would gulp $200million and would be completed in […]