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President Muhammadu Buhari watched on Thursday from a conference in London as world leaders pledged $10 billion to help millions of victims of Syria’s civil war, even as 2.3 million displaced Nigerians, hundreds of thousands of Cameroonians, Chadians and Nigeriens continue desperately to wait for the same help and assistance in the Lake Chad Basin […]

Nigeria plans to raise 90 billion naira ($452.26 million) worth in local currency denominated bond at an auction on Feb. 10, the Debt Management Office (DMO) has said. The second of such this year, the debt office said it will sell 40 billion naira in paper maturing in 2020 and 50 billion naira in the […]

Some eminent Nigerians and experts have faulted the Attorney-General of the Federation and Minister of Justice, Abubakar Malami, SAN, over his comments that the EFCC had recovered more than $2 trillion, about N400 trillion, looted from the national treasury in the last 12 years. The Vanguard also reported that those interviewed expressed sadness that no […]

Bloomberg has released its latest report of the worlds most miserable economies of 2015. According to the report Venezuela came first as the world’s most miserable economy. Venezuela has been grappling with the negative effects of falling crude oil prices, years of socialist policies and galloping inflation that now stands at 98.3%. Nigeria did not […]

Its deja vu all over again in the land of speculative Yuan shorts today. With Golden Week looming, it appears PBOC is stomping on the throat of speculative shorts in the offshore Yuan with another gross intervention. The last 2 days have seen “someone” panic-buying Yuan higher by a stunning 800 pips, smashing CNH back […]

Posted with permission and written by Rory Hall, The Daily Coin (CLICK FOR ORIGINAL) I sat down with Craig Hemke, TFMetals Report to get a much-needed update on the S&P Death Candle and to get his take on what happened with silver last Thursday. Ponzi schemes are as old as time. We live in unprecedented times. In […]Read More

Yesterday it was chatter of 6 (non-Saudi) OPEC members agreeing to an emergency meeting (to do what exactly?) that ramped crude (despite dismal production, inventories, and demand data). Today it is talk of Turkey potentially invading Syria from the Russian defense minister… “We have serious grounds to suspect intensive preparations by Turkey for a military […]

Yesterday’s v-shaped recovery is disappearing fast as the USD dumpage continues. Gold, Silver, and Treasuries are aggressively bid as stocks and credit plunge in the pre-market… The USDollar is dumping… Stocks are tumbling… Bullion is best… And Bonds are bid… Average: Your rating: None Average: 5 (4 votes)

The collapse of Deutsche Bank continues to not just accelerate but to contagiously spread… Deutsche Bank’s CDS continues to push higher…smashing European bank risk to its highest since 2013… And now Deutsche Bank’s Contigent Capital securities are crashing – these are among the lowest securities on DB’s capital structure and are screaming that problems loom. […]Read More

Back in April 2009, we wrote what may be the first seminal article predicting the failure of capital markets as a result of widespread predatory high frequency trading and fragmented market structure when we laid out “The Incredibly Shrinking Market Liquidity, Or The Upcoming Black Swan Of Black Swans.” Several years later, and countless flash […]

Update: Martin Shkreli has pleaded the Fifth amendment right against self-incrimination during the hearing. Everyone’s favorite pharma “bro” Martin Shkreli is set to testify before the House Committee on Oversight and Government Reform on Thursday morning.  The purpose of the hearing, as delineated on the committee’s website is as follows:  To discuss methods and reasoning behind […]Read More

As you might have noticed, the “recovery” story is starting to fall apart. Central banks across the globe are running out of excuses for why trillions upon trillions in global QE have been an abject failure when it comes to resuscitating global demand and trade. Far from creating the type of robust “recovery” Ben Bernanke […]