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Even as US crude oil inventories just hit a fresh record high for another week, both in Cushing and across all other regions, a more curious accumulation of excess oil inventory has emerged: according to the IEA, global oil production exceeded consumption by just over 1 billion barrels in 2014 and 2015. As Reuters reports, […]

Just two months ago, former Fed President Dick Fisher admitted that “The Fed front-loaded an enormous market rally in order to create a wealth effect.” Today he is back, taking a victory lap onthe 7th anniversary of the crisis lows by explaining, rather stunningly, to CNBC that “we injected cocaine and heroin into the system” […]

Submitted by Adam Johnson via CommonDreams.org, In what has to be some kind of record, the Washington Post ran 16 negative stories on Bernie Sanders in 16 hours, between roughly 10:20 PM EST Sunday, March 6, to 3:54 PM EST Monday, March 7—a window that includes the crucial Democratic debate in Flint, Michigan, and the […]Read More

One week ago, when looking at the latest BofA client flow trend monitor, we noticed something strange: despite the S&P’s surge higher due to either a record short squeeze or because it is merely another bear market rally, the smart money was selling. In fact, as BofA’s Jill Hall calculated, the three groups that make […]Read More

They don’t call it a “currency war” for nothing.  Moments ago, the RBNZ cut rates by 25 bps to 2.25% in the latest shot across the bow in what is now a years-long race to the bottom. Here are the bullets:  NEW ZEALAND CUTS KEY INTEREST RATE TO 2.25% FROM 2.50% RBNZ SAYS FURTHER EXCHANGE […]Read More

Submitted by Raul Ilargi Meijer via The Automatic Earth blog, “Those are my principles, and if you don’t like them… well, I have others.” – Groucho Marx What is perhaps most remarkable about the deal the EU is trying to seal with Turkey to push back ALL refugees who come to Greece is that the […]Read More

According to DoubleLine’s Jeff Gundlach, this is his favorite chart – backing his persepctive that equity markets have “2% upside and 20% downside) from here. In his words: “These lines will converge…” Chart: Bloomberg It should be pretty clear what drove the divergence, and unless (and maybe if) The Fed unleashes another round of money-printing […]Read More

Via ConvergEx’s Nick Colas, Today we engage in a simple thought experiment: what 3 pieces of information would you need to confidently call the 2016 end-of-year level on the S&P 500? A brief survey of senior Convergex traders yielded this list: year-end worldwide central bank rates, Chinese GDP growth in 2016, actual 2016 US corporate […]

A research conducted by local travel booking website, Travelstart, has revealed the grim state of affairs at Nigerian airports with almost all air travellers expressing disgust and rating their airport experience as below acceptable standard. The finding is a complete rebuke to the transformation agenda by Nigeria’s former minister of aviation, Ms. Stella Oduah, whose […]

Lagos State Governor, Mr. Akinwunmi Ambode, on Wednesday granted immediate approval for provision of land to the Nigerian Navy in the Ibeju Lekki area of the state to install surveillance equipment to monitor activities on the Nigerian territorial waters and a little beyond the exclusive economic zones of the country. Governor Ambode made the announcement […]

The Ekiti State House of Assembly has summoned the immediate-past Governor of the state, Dr. Kayode Fayemi, to appear before it onTuesday, March 22, and explain how the N852 million Universal BasicEducation Commission (UBEC) fund was expended by his administration. Also, the House condemned the invasion of the Assembly complex by theoperatives of Department State Security […]

Display 5 Dana Air Boarding Passes On Instagram, Win Free Ticket, Lagos – Accra – Lagos Now N19k – SimonAtebaNews 4 Shares Share Tweet Share Share Email Nigeria’s most passenger-friendly airline, Dana Air, unveiled on Wednesday special fares ahead of Easter celebrations and a promo tagged: ‘Show Your Loyalty,’ which simply asks air travellers to […]