Nigerian Stocks: The Winners & Losers For The Week Ended Feb 26, 2016
Nigerian stocks closed the week lower, extending the losses recorded in the previous week. This was against a backdrop of extreme volatility in FX on the parallel market, heightened concerns…
Day Of Reckoning Imminent
Submitted by EconomicPrism.com’s MN Gordon (annotated by Acting-Man.com’s Pater Tenebrarum), Fudging Numbers It all seems so systematic, arranged, and orderly. Sixty seconds make a minute, 60 minutes make an hour,…
Why Is The Dutch Central Bank Suddenly Moving Its Gold? And Why Is ABN Amro Becoming Bullish?
An interesting fact has hit the newswires earlier this week, as the Dutch Central Bank confirmed it was looking to (temporarily?) move its gold reserves to another secure location. The…
Iran Pivots Toward Democracy As Moderates Sweep Elections
In what amounts to a referendum on President Hassan Rouhani’s leadership, voters in Tehran turned out overwhelmingly for moderates in closely watched parliamentary elections that may serve as an important…
CBN Has A ‘Viscious’ Plan To End Currency Speculators
In what sometimes read like a sponsored article, the Nation reports that the CBN has a grand plan to reduce the disparity between the official and parallel market rate to…
Who Let Naira Rise? CBN Says Its Them Not Ubah
It appears there is a battle for who is to take the glory of who let the naira rise last week against the dollar. Billionaire Businessman Ifeanyin Ubah went on…
Snowden Sums Up The Presidential Campaign With Just One Tweet
And so, just like that, with a sweeping victory in South Carolina, Sanders’ Socialism crawls back into its cage and crony capitalism is alive and well. As Edward Snowden so…
Hillary Cruises To Victory In South Carolina Amid Strong African American Support
Update: CBS and CNN call it for Clinton. It was over before it started. * * * Last weekend, on the heels of a decisive (if expected) victory for Bernie…
The Global Run On Physical Cash Has Begun: Why It Pays To Panic First
Back in August 2012, when negative interest rates were still merely viewed as sheer monetary lunacy instead of pervasive global monetary reality that has pushed over $6 trillion in global…
Another Central Banker Comes Clean… Buckle Up
In the last month, we’ve had two major confessions from Central Bankers. We’ve already detailed the first, which came from the Head of the Bank of Japan, Haruhiko Kuroda here.…