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A hijacker seized an Egyptian airliner on Tuesday and diverted it to Cyprus, triggering a hostage crisis at Larnaca airport on the south coast, Cypriot police said. Egyptian civil aviation said the hijacker had threatened to detonate an explosives belt. The hijacker contacted the control tower at 8:30 am (0530 GMT) and the plane was […]

The Confédération of African Football (CAF) on Sunday announced the withdrawal of Chad from the ongoing qualifiers for the 2017 Africa Cup of Nations (AFCON), scheduled for Gabon next January. In a report on its website, CAF said it was informed of the withdrawal by the Chadian Football Federation. The withdrawal has thus left Group […]

Firstmonie, the mobile money platform for First Bank of Nigeria Limited, has partnered with MMIT (Mobile Media Info Tech) to introduce international calling app Talk360 to Firstmonie mobile wallet users and Nigerian consumers. This partnership gives consumers the ability to pay for low cost international calls through the Talk 360 calling app with their Firstmonie […]

The greatest short-squeeze on record is over and now the great global oil glut in history, largest inventories since The Great Depression, and global growth demand collapsing fundamentals are being priced back in. WTI Crude is now down 10% from its highs a week ago, back to near 2-week lows and near a $37 handle. […]

For the second day in a row the Capitol is on lockdown. On the heels of a Monday incident that saw a self-styled “prophet from God” pull a gun before before ultimately being subdued and taken into custody, police are now investigating two “unattended packages” near the Capitol building. Here’s Reuters:  The Capitol was placed […]Read More

US Home prices rose 5.75% YoY according to Case-Shiller (the fastest rate since July 2014) as it appears the Chinese buyers are migrating south from Canada with Portland, Seattle, and San Francisco reported the highest year-over-year gains among the 20 cities with another month of double digit annual price increases.  Home prices continue to climb […]

“Energy needs lower prices to maintain financial stress to finish the rebalancing process; otherwise, an oil price rally will prove self-defeating as it did last spring,” Goldman’s Jeffrey Currie recently wrote, on the outlook for crude going forward. The rally off the lows has largely stemmed from the market’s hopes for an output freeze from […]Read More

It has been so long, we forgot what it’s like for the “smart money” (hedge funds, private clients and institutional clients) to put money to work into the market instead of rushing to unload their exposure to corporations buying back their stock (in near record amounts). Just last week, when we looked at the most […]

A yuuge surge in stocks – amid collapsing earnings and GDP expectations – appears to have enabled a modest bounce off 2-year lows for consumer confidence. The Conference Board’s index of consumer confidence increased to 96.2 in March from 94 a month earlier – but still below January’s levels. The bounce was driven purely by “hope” […]Read More

Submitted by Martin Armstrong via ArmstrongEconomics.com, Whenever the establishment is seriously threatened, they respond with assassination. This is historically the normal in all cultures. One of the more credible conspiracies about the Kennedy assassination centers on the fact that he was against expanding the military and opposed starting the Vietnam War. After Lyndon Johnson approved […]

By Chris at www.CapitalistExploits.at While the 20th century unequivocally belonged to the centralization of resources and capital, both human and monetary, we are now undergoing a shift of seismic proportions in the 21st century. And understanding this is so utterly crucial to your personal wealth. The issue of decentralization is one of the most important discussions of […]Read More

Oil and the Canadian Dollar have traded tick-for-tick for the last 24 hours… until around 5amET, when the loonie was suddenly bid despite a plunge in crude. As US equities opened and crude extended its losses, CAD quickly plunged but it appears someone, or something, was ready to buy with both hands and feet… Is […]