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Deputy Governor, Financial System Surveillance, of the Central Bank of Nigeria (CBN), Dr. Joseph Nnana, has lamented that about $20bn (N3.94tn) lying idle in different domiciliary accounts of Nigerians is one of the reasons responsible for the depreciation of the Naira against the dollar. He made this disclosure during a meeting of the Joint Appropriation […]

Bayelsa State Governor, Mr. Seriake Dickson, has called for a comprehensive investigation into the abduction and subsequent prosecution of the culprits of 14 year old Ese Oruru, who was abducted and forced into Islamic marriage in Kano since August last year. While describing the incident as unfortunate. Dickson said the state government has directed the […]

Submitted by Mark Brandly via The Mises Institute, Lately, I’ve wondered how my neighbor, Sam, affords to buy so much stuff. He appears to have an unlimited budget. When I asked him about this, Sam asked, “Do you think I’m spending too much?” “That depends,” I said, “How much money do you make?” “I take […]Read More

  Trump is a Ringer. Hillary is Trump’s Bitch. Trump could easily run as an independent and cause the Republican to lose, or if he won the nomination, then he could easily throw the election so that Hillary would win. After all, he has been friends with the Clintons for years, and it wouldn’t be […]

Earlier today we showed how, courtesy of massive synthetic positions where Oil ETFs are currently net long 272k lots of oil, equal to 56% of the front month open-interest in futures, the price of oil is being propped up by ETF buying, either outright or via an ongoing, relentless short squeeze. This was to be […]

In the past three months we have repeatedly shown that, despite the recent modest rebound off the all time lows, the bottom is about to fall out of the dry bulk shipping market in articles such as these: Overnight, the CEO of Dry bulk shipper Golden Ocean Group, Herman Billung spoke before an industry conference […]

Having risen to its highest level ever in August 2015, the volatility of volatility has collapsed. As traders position increasingly for negative interest rates in the US, the last month has seen ‘uncertainty’ crash to its most complacent in over 18 months.. and all this as well-chosen data corners The Fed (if it was truly […]

Roughly four year after our readers were well aware that contrary to infantile suggestions that the US consumer is deleveraging, and was instead being burried under trillions in new auto and student loans… … the Fed has finally “figured it out.” Consumers across the country are borrowing more to buy cars and go to school […]

Submitted by Eugen von Bohm-Bawerk via Bawerk.net, Iranian elections have supposedly put a very nice ‘moderate’ spin on Iranian politics in parliamentary ranks, and more importantly, Assembly of Experts composition. While it would be churlish to deny, it represents a significant step forward for President Rouhani’s agenda to 2017, albeit a number of vital caveats […]Read More

Only in America’s so-called democracy could a proven “loser” so vehemently and shamelessly condemn a current “winner” with the goal of overturning ‘we, the people’s’ prospective leader in favor of himself. In the latest (and most desperate) action from the neocon establishment, CNN reports Romney has instructed his closest advisers to explore the possibility of […]Read More

At the end of January, when looking at some recent liquidating energy companies selling off their assets in “stalking horse” bankruptcy auctions, we found something disturbing: total recovery rates under liquidation of oil and gas companies were paltry, ranging anywhere between 5 and 20 cents on the dollar, and averaging a little under 15 cents. […]

Well, it has finally happened. In a first, the maker of a self-driving car has accepted that their autonomous vehicle might be liable for a collision with a more traditional auto. The revelation comes after a Google self-driving car drove right into it’s human-operated kin this Valentine’s Day. And that the little ding could have […]