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The immediate past governor of Abia state and the senator representing Abia Central in the Senate, Senator Theodore Orji has condemned the attitude of some security agencies over the constant attacks by Fulani herdsmen on some indigenes. Senator Orji said that in most cases when the issue of Fulani herdsmen attacks on indigenes of areas […]

Against expectations of a 195k gain, ADP reported 200k (from a downwardly revised 205k -was 214k – in Feb). While manufacturing has been weak, Services sector job gains have been the pillar of this ‘recovery’ so with ISM Services Employment plumbing 2-year low depths, we simply ask Mark Zandi to explain how ADP sees such […]

Bill Gross is out with his latest investment outlook and it’s quite the entertaining read. Why, Gross wants to know, would anyone invest in safe haven assets (like bunds) that yield less than zero, thus locking in a guaranteed loss at maturity? The answer: investors aren’t familiar enough with ancient Greece. Read below for the […]

BlackRock Inc. have joined Pacific Investment Management Co. (PIMCO) in recommending inflation linked bonds and gold, warning costs are poised to pick up and there is a growing risk of inflation. “We like inflation-linked bonds and gold as diversifiers” said New York-based BlackRock which is the world’s largest asset manager, managing $4.6 trillion, reported Bloomberg. “Stabilizing oil prices and […]Read More

There have been some interesting developments in the Hillary Clinton e-mail saga over the past two weeks. In response to an FOIA request, conservative legal advocacy group Judicial Watch obtained documents which seem to show that Clinton was well aware her BlackBerry wasn’t secure from the very beginning of her tenure as the nation’s top […]

In the past three months, former Dallas Fed president (before he was replaced with a former Goldman M&A banker) and current Barclays senior advisor, has not minced his words when it comes to his ongoing criticism of the Fed. Back in January Fisher said (what even Liesman has now suggested) that “We Frontloaded A Tremendous […]

Submitted by Dan Steinbock via The Difference Group, As the Eurozone is amid secular stagnation, its old fiscal, monetary and banking challenges are escalating, along with new threats, including the Brexit, demise of Schengen, anti-EU opposition and geopolitical friction. According to Dan Steinbock, Brussels can no longer avoid hard political decisions for or against an […]

“Unequivocally” dovish Yellen has sent oil prices soaring this morning – because, well who the f##k knows anymore. Strength in gold and bonds yesterday was clearly not acceptable and now traders are rushing into Biotech safe-havens and dumping protection (VIX at 13.40 – lowest since Oct 2015). With hedgies piling into short VIX bets at […]

The funny thing about the violence that occasionally (and by “occasionally” we mean “fairly often”) breaks out at Donald Trump rallies is that once the dust settles, no one will admit they had anything to do with it. Trump supporters will say protesters shouted obscenities and sought to instigate fights in an example of “liberals […]Read More

Following last night’s API-reported near-expectations build in crude, DOE reports a smaller-than-expected 2.3mm build (against expectations of a 3.1mm build) and draws in Cushing, Gasoline, and Distillates. Oil prices surged on this. Production is more in focus now as it has fallen 9 of the last 10 weeks to its lowest since Nov 2014.  Crude […]Read More

Three weeks ago, in the aftermath of the initially disappointing market reaction to the ECB’s lack of further NIRP euphoria which sent stocks (at first) lower, various technicians came out with calls that the bear market rally is over, perhaps most notably Evercore ISI’s Rich Ross who said “My Bullish tactical call is over. While […]Read More

Over forty shops worth millions of Naira have been gutted by fire at the Ikom main market in Cross River State, Mr. David akate, the State Deputy Director, Emergency Management Agency, Calabar, said in a statement on Wednesday. Mr. Akate said the inferno, which started,  at about 2 am on Tuesday and was attributed to […]