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Minister of Transport and former Governor of Rivers State, Chibuike Amaechi, on Saturday hit at his successor, Governor Nyesom Wike, accusing him of desperately taking over government in the state basically to steal public funds. Amaechi, who spoke on radio ahead of the election rerun for some political offices in the state, said Wike had […]

Courtesy of Point2Homes When the average home price in San Francisco went over the $1 million threshold in the first half of 2015, it was pretty obvious for most people that the Bay city secured the top position as the most expensive housing market in the U.S. This is exactly what happened. According to records […]

Submitted by Bill Bonner of Bonner & Partners (annotated by Acting-Man.com’s Pater Tenebrarum), Feeding Like Leeches The poor Republicans! A Washington Post story wonders if the party could “break in two.” Party stalwarts are threatening to desert to Hillary. And a Texas newspaper worries that the GOP could be “on the verge of extinction.” Aaaaaaand… it’s gone! […]Read More

For the past month, the price of oil has soared by a 50% on no fundamental catalyst; in fact, the “fundamental” situation has gotten progressively worse with the record oil inventory glut increasing by the day even as US crude oil production posted a modest rebound in the past week after two months of declines, […]

Submitted by Mike Krieger via Liberty Blitzkrieg blog, Earlier today we came across a fantastic article published at Naked Capitalism by a writer known as Gaius Publius. Yves Smith introduces the piece with the following poignant passage: Let us not forget that the “things are going to get worse for you” story also conveniently diverts […]

Negative interest rates may or may not be a thing of the past (many thought that the ECB had learned its lesson, and then Vitor Constancio wrote a blog post showing that the ECB hasn’t learned a damn thing), but the confusion about their significance remains. Here is Deutsche Bank’s Dominic Konstam explaining how, among […]

“The problem that many people have is that they think that 2008 was ‘the event’ and that it cleared the brush and we’re back to a sustainable path,“ but, as TTMYGH’s Grant Williams explains to MacroVoices’ Erik Townsend, “nothing could be further from the truth.”  What is more troublesome is that, as Williams exclaims, “the […]Read More

Submitted by James Alexander Webb via The Mises Institute, On March 13 Americans will, in their tolerant nature, acquiesce once again to a government initiated (and hardly popular) loss of one hour, and the setting of clocks out of sync with our planet’s celestial rhythm. After an earlier (unpopular) 1918 trial of Daylight Saving Time […]

By EconMatters The extra 22 Billion in USD terms is going to find its way to US based Risk Assets via carry trades from European stimulus Measures. 2060 is the next upside target for the S&P 500 Index, we will have pullbacks and retracements along the way, but we should be considerably higher over the […]

The global arms trade is huge. While it’s hard to pin down an exact value of arms transfers, VisualCapitalist’s Jeff Desjardins notes the Stockholm International Peace Research Institute estimates that the number was at least $76 billion in 2013, with the caveat that it is likely higher. The volume of transfers have been trending upwards […]

The Central Bank of Nigeria (CBN) will borrow as much as N1.07 trillion through the issuance of treasury bills in the second quarter (Q2) of the year. N303.77 billion will be issued in the 91-day bill, N169.98 billion in the 182-day bill, while 599.63 billion Naira will be issued in the one-year bill between March […]

Minister of State for Petroleum Resources, Dr. Ibe Kachikwu, has given assurances that the long queues at various petrol stations nation-wide will ease off from Monday. The Group Managing Director (GMD) of The NNPC made this statement on Saturday, during an assessment tour of some petrol stations in Abuja. Kachikwu appealed to Nigerians on the […]