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… Demand Adamu’s Sack For Misinforming President  Less that five days after his public apology over the dissolution of the Governing Council of Universities, a human rights organisation, Coalition of Civil Society Groups, has withdrawn its case against President Muhammadu Buhari and the Minister of Education, Mallam Adamu Adamu. According to the organisation, while Buhari’s […]Read More

The one catalyst most responsible for sending the price of oil from its 13 year lows hit in early February some 50% higher in the following month, has been the recurring rumor about an “imminent” OPEC production freeze meeting which was initially supposed to take place in early March, then on March 20, and now […]

In February headline data for income modestly beat expectations (+0.2% MoM vs +0.1% MoM) and spending met expectations at +0.1% MoM respectively. However, income growth YoY slowed to 4.0% – near its weakest since Nov 2013. Spending growth also slowed to +3.8% YoY (from 2.9% in Jan) but the big story is the major downward […]Read More

Having spent a couple of days glad-handing (and watching baseball) with Raul Castro in Cuba, 89-year-old Fidel Castro has come out swinging against “the empire” with a bristling 1500-word open letter recounting the history of US aggression against Cuba suggesting Obama “reflects and doesn’t try to develop theories about Cuban politics.” Despite all of The […]Read More

Submitted by Michael Snyder via The Economic Collapse blog, Did you know that when you take the number of working age Americans that are officially unemployed (8.2 million) and add that number to the number of working age Americans that are considered to be “not in the labor force” (94.3 million), that gives us a […]

Amid a post-holiday Asian open, gold futures were flash-crashed as someone decided it was an opportune time to trade over $275 million worth of the precious metal. Since hitting those China open lows at $1206, gold has rallied back to unchanged near $1223… Average: Your rating: None Average: 5 (3 votes)

On Friday, the US government’s Bureau of Economic Analysis had some good and some not so good news: the good news was that the final estimate of Q4 GDP was revised higher from 1.0% to 1.4% (driven by an odd rebound in spending on Transportation and Recreational services). The bad news was that pre-tax earnings […]

Submitted by John Rubino via DollarCollapse.com, Europe is the birthplace of Western civilization and the source of most of the trends and bodies of knowledge that define modernity. The average European speaks several languages versus sometimes less than one for Americans. They are, in short, a well-schooled people with vast accumulated wisdom. So how do […]

With stock markets roller-coasting by the most on record, February pending home sales rose 3.5% MoM (seasonally-adjusted) dramatically beating expectations. In fact, sales spiked 29.5% MoM (non-seasonally-adjusted) – the best February spike ever. Price gains have slowed notably, which is being cheered by NAR’s Larry Yun, but notably the majority of the sales surge in […]

Over the past 12 months, America has had front row seats for a real-life experiment with across-the-board wage hikes. In January of last year, a grinning Doug McMillon appeared in a video message posted to Wal-Mart’s website to announce that the world’s biggest retailer was set to implement one of the “largest single-day, private-sector pay […]Read More

Headlines will crow of the seasonally-adjusted ‘beat’ of expectations for the Dallas Fed survey (-13.6 vs -25.8 exp) but this is the 15th month in contraction (below 0) – something only seen in recession. Scratching below the surface we see employees, workweek, and capex all in contraction and forward expectations for new orders and employment […]

Presidency Statement President Muhammadu Buhari warmly felicitates with the national leader of the All Progressives Congress (APC), Asiwaju Bola Ahmed Tinubu, as he clocks 64 years on March 29, 2016. The President believes the rising political profile of Asiwaju Tinubu since he was elected a Senator of the Federal Republic of Nigeria in 1992 is […]