To Devalue Or Not? Emefiele Should Emulate This Country
Nigeria’s Central Bank Governor Godwin Emefiele has a credibility problem. The naira is tanking despite futile attempts to hold it at a nominal level of N199/$ apparently arrived at by…
Nigerian Senate Just Suspended Increase In Electricity Tariff
Today, the 8th Senate of the Federal Republic of Nigeria directed the Nigerian Electricity Regulatory Commission (NERC) to immediately suspend the February 1st, 2016 tariff hikes, which are estimated to…
Nigerian Stocks Take A Dive
Nigerian Stocks have recorded their first slump in a week, after the All Share Index (ASI) finished on a negative with a 1.26% drop. Here are the top gainers for…
The War On Paper Currency Begins: ECB Votes To “Scrap” 500 Euro Bill
Update: in case there was any doubt about the ECB’s true intentions, we just got the official “denial”: DRAGHI: ANY ECB ACTION ON EU500 NOTE IS NOT ABOUT REDUCING CASH…
According To These 2 Charts, A Default Cycle In The US Is Now Inevitable
“What is going on?”, Deutsche Bank asks, in the bank’s latest European equity strategy snapshot. Investors, Deutsche says, can’t seem to figure out why it is that European equities have…
“What Goes Up Can Also Come Down”
Submitted by Keith Dicker of IceCap Asset Management What goes up can also come down Whether unknowingly or not, the media and the investment industry has created an information gap…
Where Deflation Comes From
Submitted by Raul Ilargi Meijer via The Automatic Earth blog, Financial bubbles blown on the back of massive amounts of debt, of necessity lead to debt deflation (it’s just entropy,…
Yuan Tumbles Most In A Month; Stocks, Crude Maintain Gains
Having rallied all the way back to unchanged for the year thanks to yesterday’s China re-opening “adjustment,” the Yuan selling has resumed with onshore down by the most in a…
Chinese Brokers’ Profits Plunge 98% As Traders Flee Rigged, Burst Bubble Markets
While both sellside analysts and buyside investors are panicking over the collapse in bank stock prices and the evaporation of market liquidity as virtually nobody trades any more, perhaps it…
“They’re All Bandits!” Russia Will Not Stop Syria Airstrikes Regardless Of Ceasefire
Once upon a time, the CIA and Washington’s Mid-East Sunni allies had an idea. The American forces occupying Iraq were handed a bit of a lemon in 2004 when Abu-Mus’ab…