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As noted earlier today, BofA’s chief credit strategist Michael Hartnett is anything but bullish: in his own words, he remains a seller “into strength in coming weeks/months of risk assets at least until a coordinated and aggressive global policy response (e.g. Shanghai Accord) begins to reverse the deterioration in global profit expectations and credit conditions.” […]Read More

We’ve written quite a bit about US O&G producers’ dependence on capital markets to plug funding gaps. In short, the entire space is free cash flow negative, which means without access to liquidity, the whole thing falls apart. That, Citi wrote last September, is shale oil’s “dirty little secret.” Only it’s not really a secret […]Read More

Submitted by Ingrid Carlqvist via The Gatestone Institute, The atmosphere on Swedish social media is now almost revolutionary. People post videos of themselves accusing the government of murder, of filling Sweden with violent people. When Alexandra Mezher was murdered, she was alone in the residence with ten asylum seekers. She was stabbed by one of […]

Submitted by Simon Black via SovereignMan.com, It’s news that seems ripped from the pages of The Onion. Or perhaps Atlas Shrugged. But incredibly enough it’s actually true: earlier this week, Congress proposed a new law authorizing the US Postal Service to provide banking and financial services. It’s called the “Providing Opportunities for Savings, Transactions, and […]Read More

There’s been no shortage of coverage both in these pages and elsewhere of the impact falling oil prices have had on the American and Canadian oil patches. Take Texas, for instance, where a year of crude carnage has wreaked havoc upon what, until last year anyway, was the engine driving the “robust” US labor market. […]

“It’s a supply issue“, “No, it’s a demand issue” – when it comes to the cause for plunging oil prices, the two camps will surely never agree on just what is causing it. Luckily, Obama may provide just the tiebreaker. Moments ago, Politico reported that in his final budget, Obama is set to unveil an […]Read More

European bonds are collapsing… systemic risk is rising… US Services economy “pillar” plunges… and jobs data is dismal – stocks shrugged… [embedded content] The USD Index is down over 3% this week – the worst 4-day drop since China’s devaluation in August and plunging it back to 4-month lows… Perhaps this is why? PBOC is […]Read More

Before this year the lowest level The Baltic Dry Index had reached was 556 in August of 1986 and the highest was in June 2008 at a stunning 11,612. Today saw the freight index hit a new milestone however, crashing through the 300 barrier for the first time ever – at 298, this is almost […]

The President Muhammadu Buhari administration will continue to fight corruption tooth and nail even as many powerful Nigerians beg the government to “cool down”, Vice President, Yemi Osinbajo, vowed on Thursday. “We get regular messages from some Nigerian elite saying ‘cool down’,” the Vice President said during a meeting with a delegation from the Moslem Congress of […]Read More

Saraki To ECOWAS Parliament: Help Us Fight #BokoHaram – SIMONATEBA.COM 3 Shares Share Tweet Share Email Senate President, Dr. Abubakar Bukola Saraki, on Thursday called on the Economic Community of West African States (ECOWAS) Parliament, to join hands with Nigeria and the International Community in the ongoing war against terrorism. “Unless we act together, the objective […]

US Based Investment Banking Giant, Morgan Stanley has predicted that the price of  oil will continue to remain low and cutting  its quarterly crude forecasts for this year by as much as 51 percent.According to Bloomberg, Morgan Stanley now sees oil mostly falling through 2016, compared with a previous outlook for prices to rise each […]

Seplat Petroleum Development Company has had a whirlwind 2016 with the share price tanking to an all time low of N153. At the time, it seemed as though the share price will break another major support and start trading below N100. However, things changed dramatically for the stock in the last 6-8 days. In this […]