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Senate President Bukola Saraki’s trial at the Code of Conduct Tribunal (CCT) began on a sour note for the former governor as a major witness in the case, Micheal Wess, revealed how various sums was paid into Saraki’s account about 50 times in one day. Wess, a Principal Detective Superintendent of the EFCC, investigated Saraki as governor of […]Read More

Authored by Thomas Palley, 2016 was supposed to have been the year of Jeb Bush versus Hillary Clinton: the year when the established Bush dynasty confronted the upstart rival Clinton Dynasty. But the year of the insider has turned into the year of the outsider. On both sides, voters have unexpectedly given vent to thirty […]

While the surge in Q1 market volatility has had a dramatic impact on asset prices, and led to some unprecedented central bank interventions to stabilize markets, one product that has seen a dramatic hit and has yet to rebound, is M&A. According to BofA, North American M&A volumes declined again in March, falling to $107bn […]

Wonder what the stock options percentage of gross earnings were before 2008; since the outrage of ’08 and bonuses, they obfuscate pay with these hidden pay structures. In the UK, when MP’s were caught with their hands in the cookie jar (MP’s expenses), they were paying family members $50 to lick envelopes. Rules are for […]Read More

Submitted by Wolf Richter via WolfStreet.com, “Negative interest expense” or some such absurdity yet to be coined. “For now, the effect of negative interest rates is very strong, so we’d like to steadily proceed with this policy,” Bank of Japan Governor Haruhiko Kuroda told parliament today, to reassure the nervous politicians that the economy was […]Read More

It appears that Ed Yardeni’s market-driven global growth barometer is peddling more fiction about the so-called ‘recovery’… Can you see where perception diverged from reality? (and why…) Source: Yardeni.com Just remember, the market is NOT the economy (unless it is going up). Average: Your rating: None Average: 5 (1 vote)

Live (if voice-overed) feed from CNN: [embedded content] It’s official: Ted Cruz and Bernie Sanders win: #Breaking: CNN projects Bernie Sanders will win the Democratic #WIPrimary https://t.co/DkPyle0Wrv #CNNElection pic.twitter.com/V25kMzaRm0 — CNN Politics (@CNNPolitics) April 6, 2016 #Breaking: CNN projects Ted Cruz will win the Republican #WIPrimary https://t.co/DkPyle0Wrv pic.twitter.com/UYXkIfgRSj — CNN Politics (@CNNPolitics) April 6, 2016 […]Read More

Submitted by Mike Krieger of Libertyblitzkrieg The ECB’s Monetary Policy Is Now Creating a Rush Into Derivatives One of the most catastrophic things central banks have done in the post financial crisis period is destroy financial markets. Investors are no longer investors, they’re merely helpless rats running around the lunatic central planning maze desperately attempting to survive by […]Read More

Brazil has been in crisis for some time now. The country’s economy shrunk -3.8% last year, and its President, Dilma Rousseff, is holding on for dear life. Once chairman of Petrobras, the state-run oil giant currently engulfed in a colossal political scandal, she is now being threatened with impeachment just 15 months into her second […]

Earlier today, for the first time we got a glimpse into some of the American names allegedly contained in the “Panama Papers”, largest ever leak. “Some”, not all, and “allegedly” because as we said yesterday, “one can’t help but wonder: why not do a Wikileaks type data dump, one which reveals if not all the […]Read More

So now Iran is back to being demonized by the West as “provocative” and “destabilizing”. How come? Wasn’t the nuclear deal supposed to have brought Iran back to the Western-concocted “concert of nations”? Iran will once again be discussed at the UN Security Council. The reason: recent ballistic missile tests, which according to the West, are “capable […]Read More

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