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Justice Ruth Ofili-Ajumogobia of the Federal High Court (Lagos division) has been knocked for misconduct by the National Judicial Council (NJC). The sanction was contained in a statement signed by Acting Director, Information, NJC Soji Oye on Wednesday. The council warned Ofili-Ajumogobia and placed her on its “watch list” for the next four years. Consequently, […]

Submitted by Mike Krieger via Liberty Blitzkrieg blog, The reason both the Democratic and Republican establishments are in full on panic mode about the rise of Donald Trump and Bernie Sanders is a deep seated fear that the plebs have finally woken up. Democrats rail against big corporations, while Republicans rail against big government. This […]

Super Tuesday sure was “super” for Donald Trump. The billionaire – who has gone from “joke” to “frontrunner” in the span of just 9 months – is now the presumed pick for the GOP nomination. That’s rattled the Republican establishment and sent shockwaves through Washington where no one – and we mean on one – […]Read More

Just one day after the DOJ unveiled its had indicted Chesapeake Founder and former CEO Aubrey McClendon on federal charges of conspiring to rig bids for oil and natural gas leases, moments ago the Oklahoma Police announced that he was found dead in a car accident, when while traveling in a 2013 Chevy Tahoe at […]

Despite Andy Hall’s wish hope forecast guess statement that “the bottom is in,” for crude (and oil analysts unicorn-like forecast of $47 by year-end), it seems oil options traders disagree significantly. The cost of protect against downside risk is the highest it has been in a year, despite underlying oil prices being at 8-week highs […]

HYG – the high yield bond ETF – is trading at its richest to NAV in over 4 years after 7 straight days of inflows. This flowgasm seemed to crescendo yesterday where Credit Suisse estimated a very sizeable HY retail fund inflows (total amount hitting ~$1.9bn) which they note beat 5-Nov-2014 as being the largest […]

With GAAP valuations topping 22x, macro data weakening everywhere, and US equities at their most overbought since 2004, what could possibly go wrong? The McClellan Oscillator has reached over 90 which represents a highly overbought level. However, more amazingly, if you look at it through the lens of a monthly chart there is no evidence […]

Given the vicious downward spiral of competitive devaluation that is washing around the world’s economic bathtub, it appears – just as we saw during The Great Depression – that currency wars have given way to mal-investment-fueled protectionism as US launches the first missile in the trade wars with a massive 266% tariff on imports of […]

Another crazy day in the markets… [embedded content] While stocks dropped and popped on the day… with a panic-buying scramble into the close to get Nasdaq unch… On SPY’s lowest volume day of 2016 Crude Oil went full retard… (API Build, DOE bigger build, production down small, Saudi loans, Venezuela meetings) With Small Caps extending […]Read More

Wolf Richter   www.wolfstreet.com The US corporate default rate, according to Standard & Poor’s Global Fixed Income Research, soared from 2.8% in January to 3.3% in February, a big jump for just one month, and the highest rate since December 2010, when it was recovering from the Financial Crisis, with QE and ZIRP running at full bore, […]Read More

Breaking! Why I’ll Take My Daughter To T. B. Joshua – Ese’s Dad – SimonAtebaNews 26 Shares Share Tweet Share Share Email By Sam Oyadongha YENAGOA — Mr. Charles Oruru, father of abducted Ese, who regained freedom yesterday at his Opolo residence in Yenagoa, said he will seek spiritual help from Lagos cleric, Pastor T. B. […]Read More

3 Shares Share Tweet Share Share Email The 2015 report of the International Narcotic Control Board (INCB) has attributed rising cases of insecurity to illicit drug use in the region. It also identified Africa as a key transit point for drug trafficking to Europe and other parts of the world. According to the report which […]