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The N1000 development levy imposed on primary and secondary school students in Ekiti State by the government has been hit with protests as the Conference of Nigerian Political Parties and Coalition of Civil Society Groups on Wednesday took to the streets of Ado Ekiti to condemn Ekiti State Governor Ayodele Fayose’s tax policy. The group […]

The Senate has reneged on its promise to pass the revised 2016 budget today, as it has again shifted the passage of the budget till next week Tuesday. The Red Chamber, had also earlier assured that its Committee on Appropriation would lay the various reports of committees collated before it during yesterday’s plenary, but has […]

Japan just posted its largest trade surplus in 5 years (+JPY243bn) as exports dropped 4% YoY (worse than expected) but imports fell 14.2% (better than expected). However, the biggest standout was the ongoing deterioration in Japanese exports to the US which dropped by the most since 2011 as the ‘advantages’ of a devalued currency appear […]

The Fed’s cowardly “hold” sparked an avalanche of Yuan buying, USD selling this afternoon, squeezing shorts enough to dissolve the last 3 days of weakness. The 450 pips rip was the biggest since early February as for the 2nd time in a week (ECB and Fed) Yuan shorts have been taken to the cleaners… For […]Read More

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Over five years ago, months before most had heard of “expert networks”, soon to be the fixture in the biggest FBI/DOJ/SEC crackdown against hedge fund insider trading in history, and years before it would become clear to everyone that the now defunct SAC Capital was nothing but a fund making billions by trading on inside […]

One week ago, we documented the Hollywood-esque theft of $100 million from accounts held at the NY Fed and belonging to the central bank of Bangladesh. In many ways, the heist was elegantly planned and executed and in others it was comically amateurish. Here are the basics: On February 5, Bill Dudley’s New York Fed […]

Submitted by Paul Rosenberg via FreeMansPerspective.com, Several decades ago, Saul Bellow wrote this: For the first time in history, the human species as a whole has gone into politics. Everyone is in the act, and there is no telling what may come of it. At this point, however, we can say what has come of […]

The world’s second-largest reinsurer, German Munich Re which is roughly twice the size of Berkshire Hathaway Re, is boosting its gold reserves and buying gold in the face of the punishing negative interest rates from the European Central Bank, it announced today. As caught by Mark O’Byrne at GoldCore and reported by Thomson Reuters this […]

If the labor market is “tight”, and jobless claims are at 42 year lows… And the 0.5ppt point rise in the labor force participation rate is “heartening”… Then please Dear Janet, oh arbiter of all things labor-ic, explain – after exuberant hope and hype during 2015 that escape velocity was coming – why real average […]Read More

Submitted by Brandon Smith via Alt-Market.com, I want to start this analysis by stating that I fully understand the whirlwind of public interest in Donald Trump’s campaign. However, for those that don’t get it, let me break it down for you. A sizable portion of the American population considers themselves “conservative.” More than 38% of […]Read More

The NNPC released a series of tweets on Wednesday and a press release denying allegations by the Auditor General that it had failed to remit about N3.2 trillion due to the Federal Government. Here is the press release that accompanied the tweets. The post above and its ensuing comments, if any, is purely the opinion […]