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At precisely 10:00am this morning, Reuters’ journalist Abhiram Nandakumar issued a report which tried to “explain” what is going on and why stocks are soaring. This is what he came up with (link): However, appears that someone did not like Reuters “peddling fiction” that the only reason stocks are soaring is for the same reason […]Read More

Many are trying to put their finger on what has precipitated today’s breakout rally. On one hand you have Reuters, saying that it is due to economic data which was so poor it “spurred stimulus hopes”… … on the other you have, well, Reuters again which said the data was so strong it “points to […]Read More

It had been a volatile day for nat gas traders. As we reported this morning citing Bloomberg, “it’s almost time to put that snow shovel away and get out the gardening tools”, because as the following weather forecast shows, March temperatures are expected to be considerably higher than expected across the entire US. This led […]

Submitted by Jim Quinn via The Burning Platform blog, “What are the odds that people will make smart decisions about money if they don’t need to make smart decisions–if they can get rich making dumb decisions? The incentives on Wall Street were all wrong; they’re still all wrong.” ? Michael Lewis, The Big Short: Inside […]Read More

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Submitted by Nima Gholam Ali Pour via The Gatestone Institute, That Sweden is a “humanitarian superpower” is a myth that needs exposing once and for all. The recent migration wave to Sweden has made some people poor and others very, very rich. It is all about money, and it is about winners and losers. If […]

One week ago we showed a clip by Google-owned Boston Dynamics in which a 5’9″, 180lbs humanoid robot called Atlas engaged in various human activities, such as walking, picking itself up, opening doors, and carrying heavy loads. The robot in question, clearly an old prototype (which prompted many to wonder just how far advanced is […]

Submitted by Eric Bush via Gavekal Capital blog, We have had a nice little bounce in the equity market over the past two and half weeks. Since making a multi-year low on 2/11, our GKCI United States Index has rallied by nearly 7%. From the May 2015 peak to the February trough, the index fell […]

7 Shares Share Tweet Share Email President Muhammadu Buhari on Tuesday warmly congratulated the General Overseer of the Redeemed Christian Church of God, Pastor Enoch Adejare Adeboye, as he turns 74 years on March 2, 2016, saying that he epitomises the virtues of honesty, humility, peace and diligence among others. In a statement, the presidency said […]

wraps of cocaine The suspected drug trafficker who broke through a glass wall at the Nnamdi Azikiwe International Airport in Abuja has told officials of the National Drug Law Enforcement Agency (NDLEA) that he was not under any influence of drugs but was only trying to evade arrest. The suspect, Mr. Michael Nwobodo, who ran […]

Limited Supply Of Aviation Fuel Hampers Flight Operations, Arik Air Cries Out – SimonAtebaNews 3 Shares Share Tweet Share Email Nigeria’s largest airline, Arik Air, said on Tuesday that the limited supply of JET A1 (aviation fuel) across the country in the last few days has greatly hampered its flight operations. “With over a hundred […]

President Muhammadu Buhari said on Tuesday that Nigeria will continue to support the Economic Community of West African States (ECOWAS) to realise the noble objectives of regional integration and peaceful co-existence that inspired its creation in May 28, 1975. Receiving the outgoing President of the ECOWAS Commission, Ambassador Kadre Desire Ouedraogo, at the State House, the […]