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The assumption that Nigeria is divided between those who “want” devaluation and those who oppose it is a false appearance. Any rational Nigerian, especially middle class individuals, who can be assumed to be rationally self-interested “want” a strong currency so that they can maintain real purchasing power and lifestyles in a globalized consumerist economy. There […]

If it feels like just two weeks ago when Jeffrey Gundlach was spewing almost daily fire and brimstone about the future of the market is because that’s precisely when he was doing just that. Recall on February 8 when we wrote that in an email exchange with Reuters, the DoubleLine chief said “credit fund bankruptcies […]

As gold prices “Golden Cross,” the precious metal is set for its best month in 4 years, and best 2-month rise since 2011. The entire precious metals complex is active with the largest fund inflows since 2009 and the biggest February COMEX trading volume in history. All of this adds up to the best start […]

Authored by Satyajit Das’, author of the new book “The Age Of Stagnation” (via MarketWatch), The mispricing of assets across world markets has reached epidemic proportions. Stock prices have made strong advances over the past several years, yet market analysts see further gains, arguing that the selloffs of August 2015 and early 2016 represent a […]

Yesterday, in an odd attempt to criticize the “financial media for highlighting bearish stories but ignoring bullish ones” and to pidgeonhole “Zero Hedge and friends” as addicted to “permabear newsflow”, Citi’s Brent Donnelly said the following: Give the people what they want In an email I sent Monday, I was critical of the financial media […]Read More

Submitted by Patrick Buchanan via Buchanan.org, In a Hillary Clinton vs. Donald Trump race – which, the Beltway keening aside, seems the probable outcome of the primaries – what are the odds the GOP can take the White House, Congress and the Supreme Court? If Republicans can unite, not bad, not bad at all. Undeniably, […]

The person most surprised by Donald Trump’s political success is Donald Trump, Al Sharpton says. “[He’s a] prisoner of this wave that could go all the way if there is not a counter-wave,” the reverend told an audience at a Center for American Progress Action Fund event on Friday. Sharpton discussed a variety of issues, […]Read More

Via ConvergEx’s Nick Colas, Warm up the choppers and put some Wagner on the loudspeakers – “Helicopter money” is a hot economic topic. That’s where central banks print money and either hand it to the government for things like infrastructure investment or just send it out to consumers to spend. While that may sound like […]Read More

Back on February 10, when looking at Carl Icahn’s darling Chesapeake, whose stock had plunged to effectively record lows on imminent bankruptcy concerns, we said that for anyone brave enough to take the plunge, the “Trade of the Year” would be to go long a specific bond, the $500 million in 3.25s of March 2016 […]Read More

It is different this time. So far in 2016, there has been 23 days where the S&P 500 has moved +/- 1%. To put that in context, in the last 60 years, no other year has started off with such volatility. 2016 has been busy… 2016 is now the “most volatile” year on record… And […]Read More

Submitted by Simon Black via SovereignMan.com, Hot off the presses, the US government just published its audited financial statements this morning, signed and sealed by Treasury Secretary Jack Lew. These reports are intended provide an accurate accounting of government finances, just like any big corporation would do. And once again, the US government’s financial condition […]

Sunday Oliseh has resigned from his job as chief coach of Nigeria’s  Super Eagles, seven  months after he was appointed. The 41 year-old coach made his decision known on Twitter, citing “contract violations, lack of support, unpaid wages, benefits to my players, assistant coaches and himself”  as reasons for quitting. “I feel fortunate, blessed and […]Read More