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On Sunday, millions of Brazilians took to the streets to call for the ouster of President Dilma Rousseff, who is thought to have cooked the fiscal books in 2014. She’s not yet implicated (directly anyway) in the long-running Carwash probe, but some think that may change soon as the investigation seems to get closer and […]

Submitted by Ben Hunt via Salient Partners’ Epsilon Theory blog, With regard what’s happening in Europe, we’ve seen this movie before. On August 2, 2012 Mario Draghi gave the most disastrous ECB press conference of all time. The market anticipation was enormous leading up to the event, as this was the moment where the ECB […]Read More

Over the past week, all anyone wants to talk about in the political arena is who’s to blame for escalating violence at Donald Trump rallies. Trump blames protesters. Once upon a time the GOP frontrunner relished the jeers from the back of the arenas he packed, saying getting the cameras on them was the only […]

Remember Rachel Fox? For those who do not, here is a reminder courtesy of this blast from the February 2013 past interview of the then-16 year old Desperate Housewives “TV star” who became a “star trader” using her acting money, and after returning 30% in 2012 and outperforming 99% of hedge funds, was promptly interviewed […]

What could go wrong? [embedded content] Today was all about the 200-day moving average for the S&P 500…2019.40 was all that mattered… VIX was slammed every time they lost the 200DMA – and seemed to give up at the close… Oil roundtripped to EURUSD’s Drgahi lows but stocks ignored it on super low volumes… On […]Read More

Submitted by Jim Quinn via The Burning Platform blog, “The inability to predict outliers implies the inability to predict the course of history”? Nassim Nicholas Taleb, The Black Swan: The Impact of the Highly Improbable “I know that history is going to be dominated by an improbable event, I just don’t know what that event […]Read More

Three weeks ago, when looking at the incoming Q4 results, we were stunned by an unprecedented divergence: that of GAAP and non-GAAP earnings. We showed this difference as follows: … and noted that while on a non-GAAP basis, the S&P’s trailing P/E is a relatively rich 16.5x (over 17x as of today), it was the […]Read More

3 Shares Share Tweet Share Share Email Governor Akinwunmi Ambode has sacked the General Manager of the Building Control Agency in Lagos state, Engr. Adeigbe Olushola, and three others over the deadly Lekki building collapse. The governor also dismissed the Head of Inspection and Quality Control in the Agency, Adeoye Thomas Adeyemi, and the Zonal […]

5 Shares Share Tweet Share Share Email “President Muhammadu Buhari has unreservedly condemned Sunday’s terrorist attack on the Grand Bassam Resort in Cote D’Ivoire,” the presidency said in a statement on Monday. “In a telephone call to President Alassane Ouattara after the attack, President Buhari conveyed the sympathy of the Federal Government and people of […]Read More

4 Shares Share Tweet Share Share Email The Islamic Movement in Nigeria condemned on Monday the decision of the judicial commission of inquiry on the gruesome killings perpetrated by the Nigerian army in Zaria to adjourn for the fifth time its sittings to next week Monday 21 March 2016, promising to go ahead with proceedings, even if […]

7 Shares Share Tweet Share Share Email Mr. Trump, I try my hardest not to be political.  I’ve refused to interview several of your fellow candidates.  I didn’t want to risk any personal goodwill by appearing to take sides in a contentious election.  I thought: ‘Maybe the timing is not right.’  But I realize now […]Read More

4 Shares Share Tweet Share Share Email Nigeria intends to sign the United Nations Agreement on Zero Routing Gas Flaring by 2030, Vice President, Yemi Osinbajo, said on Monday, adding that the executive would need the support of the National Assembly. Nigeria had set an earlier national target of 2020 to end gas flaring in the country. […]