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The gold to silver ratio moved up very sharply this week, +4.2%. How did this happen? It was not because of a move in the price of gold, which barely budged this week. It was due entirely to silver being repriced 66 cents lower. This ratio is now 83.2. It takes 83.2 ounces of silver […]

A heat wave has swept through Lagos recently, which is usual for this time of the year. What is unusual though is that in the year 2016 (some 216 yearsafter electricity was discovered), most residents of this mega city of 22 million plus people have no electricity to cool their homes in response to the […]

Nigerians are currently groaning in an epileptic power supply just one month after the power distribution companies increased tariffs. Power cuts are rampant and last for hours daily with most neighborhoods getting between 2 – 4 hours daily. Data from the website of the Presidential Taskforce on Power suggest power generation has dropped to about […]

In a bid to cut costs, reduce corruption, and improve efficiency, the Ministry of Finance has said that it has sacked more than 20,000 ghost workers from the federal government’s payroll following an audit, which has led to savings of $11.53 million (N2.29 billion) from its monthly wage bill. The Federal Ministry of Finance had […]Read More

Every week, the Central Bank publishes a list banks and the forex that was sold to them. The list also contains names of who bought the forex and what it was used for. The CBN believes this list is meant to show a level of transparency in the sale of forex to commercial banks. The […]

Earlier today, we noted that America’s presumed candidate for the GOP nomination is busy retweeting Mussolini quotes. That’s not necessarily a reflection of an explicit desire to move America towards fascism. It’s not entirely clear that Donald Trump understands the movement he’s started. But America’s entrenched political establishment is now scrambling to understand how to […]Read More

Via KeepTalkingGreece.com, The closure of borders in the north of Greece has created chaos: thousands of refugees and migrants wandering from Athens to Idomeni without knowing where to sleep and what to eat, where to lay their kids and elderly to sleep. FYROM, Croatia, Slovenia and Austria has closed their border today. Slovenia, Croatia and […]

By EconMatters The effects of a strong dollar the last 3 years can be seen quite dramatically in the Grain space – to the tune of 20 plus percent. People haven`t stopped eating, and there are more and more people on this planet every year, so the grains are probably a long term buy here […]

In a world which has long since crossed the monetary twilight zone of negative rates, and which is spiraling ever deeper into NIRP, below we present some quite fascinating observations on debt, NIRP and how the latter leads to the deleveraging of the former, and thus encourages global deflation – something which in retrospect will […]

Much to the chagrin of the political establishment, Donald Trump is on the verge of locking up the GOP nomination. New Hampshire: Trump. Nevada: Trump. South Carolina: Trump. Put simply, if the brazen billionaire locks up Super Tuesday, it’s all over for the field. Here’s a preview of next week’s critical polls via Politico: Alabama […]Read More

Submitted by JP Koning via Moneyness blog, Negative interests rates are the shiny new thing that everyone wants to talk about. I hate to ruin a good plot line, but they’re actually kind of boring; just conventional monetary policy except in negative rate space. Same old tool, different sign. What about the tiering mechanisms that […]

Following USD strength last week, China has come back to work after the disappointment of the Shanghai non-accord and weakened the Yuan fix by 0.2% – the most since January 7th. This move follows pressure from offshore Yuan weakness since traders returned from Golden Week – driving the onshore-offshore spread out to its widest since […]