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For the past four years, bond traders have quickly turned their focus after Federal Reserve meetings to something called the dot plot (seen as a key insight into their collective thinking on rates). The problem is, as Bloomberg exposes, the forecasts weren’t very good… and fund managers are increasingly ignoring the dot plot for investment […]

Over the past several weeks, courtesy of the jump in oil prices from 13 years lows, the narrowly reopened window granting some companies the chance to sell equity and in some cases debt (and promptly use the proceeds to repay their secured lenders), and the various last-ditch extensions afforded to near-default oil and gas companies, […]

The Baltic Dry Index has risen for the last few weeks, buoyed by hopes (a la Iron Ore) of a National People’s Congress stimulus surge from China. While the scale of the ‘bounce’ is negligible in real terms compared to the total collapse, it has caused such momentum-muppets as Jim Cramer to proclaim China ‘fixed’ […]Read More

If there’s one person who exemplifies anti-refugee sentiment in Europe more than anyone else, it’s not Frauke Petry, it’s not Geert Wilders, and it’s not Lutz Bachmann. It’s Viktor Orban. Orban raised eyebrows in September of last year, when the Hungarian PM built a 110-mile, razor wire migrant-be-gone fence along his country’s border with Serbia. […]Read More

A 3rd consecutive day of weaker Yuan fix has sent Offshore Yuan tumbling again back to 1-week lows. However, it is Kuroda’s apparent U-turn on NIRP (dropping further rate cuts possible from the statement but now commenting that anything is possible) has sent Yen down hard (after strength during the US day session) almost back […]

Authored by Eric Zuesse, On March 14th, Iran announced that it will never pay the $10.5B that a U.S. court demanded it pay for the 9/11 attacks. The same Bill-Clinton-appointed judge who had ruled, on 29 September 2015, that Saudi Arabia has sovereign immunity for 9/11 and so can’t be sued for it, ruled recently, on March 9th that Iran […]Read More

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Following the collapse of a five storey building a under construction at Lekki Gardens, Ikusenla Road, Ikate Elegushi, in Eti- Osa Local Government, the Lagos State government has told the occupiers of all buildings erected by Messrs Lekki Worldwide Estate, the owners of Lekki Gardens, to vacate the properties in order for government to commence […]

Lawyers have a bad reputation for being stuck in the past. Compared to other professionals, lawyers do not take well to technological changes. That’s problematic because we’re living in a time when technological advancements are drastically changing communication and professional services. Science historian James Burke reminds us: by the time you learn and understand something, […]

Ekiti State Governor, Mr Ayodele Fayose has urged President Mohammadu Buhari to pay more attention to security and economic issues affecting Nigeria, instead of focussing on those of other countries andpersecuting perceived political enemies, describing the President’s condemnation of Sunday’s terrorist attack on the Grand Bassam Resort in Cote D’Ivoire as hypocritical and demonstration of insensitivity tothe plight of […]Read More

Submitted by Soeren Kern via The Gatestone Institute, Hans-Georg Maaßen, the head of Germany’s domestic intelligence agency (BfV), warned that the Islamic State was deliberately planting jihadists among the refugees flowing into Europe, and reported that the number of Salafists in Germany has now risen to 7,900. This is up from 7,000 in 2014 and […]Read More

Authored by Jessica Marmor Shaw, originally posted at MarketWatch.com, For decades, California has been portrayed as the epicenter of earthquake country. Last year’s disaster movie “San Andreas,” in which a magnitude-9.0 quake lays waste to the state, was just the latest and most spectacular example. Yet the Golden State has never been the No. 1 […]Read More