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While it may not be the traditional (50/200DMA) signal, CBOE’s Russell Rhoads points out that the so-called ‘fear index’ VIX has just signalled the first Death Cross since its apocalyptic warning in November 2007. Yesterday (3/4) was the first time the 1 year average closing price for VIX crossed over the 5 year average since […]Read More

This is the email that David Little, Chairman and CEO of Houston-based DXP Enterprises sent to his employees to explain why, “due to bank obligations and to continue a positive cash flow profile” the company has to freeze 401(k), why it is cutting pay in some cases as much as 60% and  why many employees […]

Moments ago, for some unexplained reason, the St.Louis Fed – which recently issued a research report which “discovered” that “Consumers Across The Country Are Borrowing More To Buy Cars And Go To School” – on its twitter account asked a simple question: “See how the ECB’s assets are growing?” See how the European Central Bank’s […]Read More

By EconMatters The British Pound has a Brexit Referendum on Thursday the 23rd of June which is putting downward pressure on the currency. The ideal trading scenario would be the United Kingdom votes to leave the European Union, the Pound gets hammered in the short term after this event, and this represents a long term […]

Nomura’s Bob Janjuah warend in January that “the bubble implosion can’t be fixed this time,” and, as he explains in his latest note, he is pleased with all six of his key forecasts for 2016… In particular on Commodities, with his expectation that crude would trade below $30 (the price per barrel fell from $37 […]Read More

Late last month, Norwegian PM Erna Solberg proclaimed that if she became convinced that Sweden’s refugee crisis was set to spiral out of control or “break down” (as she called it), she may be prepared to close her country’s borders altogether in what would quite possibly amount to a contravention of Norway’s duties under the […]Read More

18.9K Crime Exclusive: Yewande, Nigerian Lawyer Who Stabbed Husband To Death Lived Pious Life Before Incomprehensible Tragedy 11.6K Crime Fake Nigerian Governor In Gombe State Docked For N.2m Fraud 9.6K Business MTN #Nigeria fined $5.2 billion for failing to register users 6.9K Politics Lagos Govt Justifies Investment: Our Choppers Located Crashed Bristow Helicopter 6.6K Business […]Read More

Moody’s has placed the ratings of 12 oil exporting countries on its watch list for a possible downgrade. The list of countries (which includes Nigeria) are as follows; Abu Dhabi(Aa2), Angola(Ba2), Gabon(Ba3), Kazakhstan(Baa2), Kuwait(Aa2), Nigeria(Ba3), Papua New Guinea(B1), Qatar(Aa2), Russia(Ba1), Saudi Arabia(Aa3), Trinidad & Tobago(Baa2), United Arab Emirates(Aa2). Nigeria which is currently on a rating of Ba3 could see its rating fall by a “notch” if it […]Read More

Overnight both freedom of press and democracy officially died in Turkey, with time of death just before midnight, when Turkish authorities stormed the Zaman daily, a newspaper staunchly opposed to president Recep Tayyip Erdogan, and after using tear gas and water cannon they seized its headquarters in a dramatic raid that raised fresh alarm over […]

European Central Bank (ECB) head Mario Draghi is running out of options. Back in 2012, the EU banking system was on the verge of collapse. At that time, various European banks were lurching towards insolvency as the senior most-asset on their balance sheets (EU member nation sovereign bonds) plunged in value. As a whole, the […]

Back in October, the latest credit impulse in China just rolled over and died. Ahead of the actual news, MNI said “one source familiar with the data said new loans by the Big Four state-owned commercial banks in October plunged to a level that hasn’t been seen for many years.” Sure enough, when the numbers […]

His Highness, The Sarkin Kano, Malam Muhammadu Sanusi II, leading the funeral prayer of the late Hajiya Fadimatu Umaru Ganduje, the mother of Gov. Abdullahi Umar Ganduje of Kano State today, Friday, in Ganduje town, Dawakin Tofa Local Government Area. Standing in the front include the governor and his deputy, Prof. Hafiz Abubakar, members of […]