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As fuel scarcity in Nigeria continues to bite very hard, the Nigeria Security and Civil Defence Corps (NSCDC) is to commence immediately, 24-hour surveillance of filling stations in the country to ensure that they comply with government’s directives against black market sales of premium motor spirit, better known as petrol. Alhaji Abdullahi Gana Muhammadu, the […]

An aggrieved observer of the Nigerian Ministry of Sport, Rashidi Balogun has written a petition against the Sports Minister, Solomon Dalung for not following due process in hiring two non-Nigerians, Angie Taylor and Eric Campbell.   According to the petition addressed to President Muhammadu Buhari, in which vice President Professor Yemi Osinbajo; the National Assembly; […]

Submitted by Charles Hugh Smith from Of Two Minds The cartels and state organs are frantically trying to co-op, outlaw, corral or control this disruptive technology. To say that the future of money is blockchain-based crypto-currencies and payment platforms is to state the obvious nowadays. If this wasn’t the case, then why are Goldman Sachs […]

As reported last night, one of the first politicians to suffer a career casualty will probably be Iceland’s prime minister Sigmundur David Gunnlaugsson, who was exposed by the Panama Papers as secretly owning a company called Wintris set up in 2007 on the Caribbean island of Tortola in the British Virgin Islands, to hold investments […]

At first, when it announced the terms of its “oil freeze” agreement with Russia one month ago, Saudi Arabia seemed willing to grant Iran a temporary exemption from the supply freeze, at least until it recovers its pre-embargo production levels. That however changed on Friday when the country’s Deputy Crown Prince Mohammed bin Salman, shocked […]

Back in the summer of 2014, when the ECB first unveiled NIRP, many were concerned that this submersion into the monetary policy twilight zone would first crush Europe’s money markets. However, at least until now, European MM funds have proven relatively resilient, The story in Japan is different. When the Bank of Japan announced they […]

While last week’s Chicago’s PMI staged a strong bounce from its recent contraction and back into expansion, New York did not. ISM New York just printed at 50.4, just barely above the contraction point, and the lowest headline print since mid 2015. The extremely noisy time series continues to swing, this time lower, with every […]Read More

In 60 years, the US economy has not suffered a 16-month continuous YoY drop in Factory orders without being in recession. Moments ago the Department of Commerce confirmed that this is precisely what the US economy did, when factory orders not only dropped for the 16th consecutive month Y/Y, after declining 1.7% from last month… […]

Silver Is Coiled Spring and Will “Explode Higher” Silver bullion’s reluctant, sluggish participation in early 2016’s powerful gold rally has been glaringly obvious. Instead of amplifying the yellow metal’s big gains as in the past, silver largely failed to even keep pace. The lack of silver confirmation for gold’s big move has certainly raised concerns. […]Read More

By Jim Quinn of the Burning Platform The Boomer Retirement Meme: One Big Lie As the labor participation rate and employment to population ratio linger near three decade lows, the mouthpieces for the establishment continue to perpetuate the Big Lie this is solely due to the retirement of Boomers. It’s their storyline and they’ll stick […]

By EconMatters Winter is blasting the Northeast in April. Three snowstorms back to back to hit the Northeast, it appears winter is lasting longer than usual for this part of the country. Natural gas futures have spiked, HO Futures haven`t moved much yet. [embedded content] Average: Your rating: None Average: 5 (1 vote)

Morgan Stanley’s Adam Parker double, quasi-metamorphosis from bear to full fledged bull (as of about two years ago), and then back to outright skeptic (as of a month ago), has been a sight to behold, or perhaps text to read. Two months ago he admitted that “Our Advice Has Been Horrendous”, blaming “Bizarro World”, and […]Read More