Exchange Rate Could Hit N400 To $1 By Weekend
The exchange rate between the naira and the dollar closed Wednesday at N370 to $1 hitting another new low. The exchange rate has depreciated to a new low every day…
Nigeria Gets $800m Credit From Japan To Rehabilitate Jebba Power Plant
As part of its support for Nigeria’s power sector, the Japanese government has offered $800 million credit line to Nigeria that will be used to rehabilitate and extend the lifespan…
Exasperated Judge Posner Kills Easement Dreams for Landowner
Judge Posner, clearly exasperated by the procedural muck that was made out of a relatively routine easement case, killed the landowner’s dreams of establishing a prescriptive easement to a public…
Is It Time for In-House to In-House Secondments?
If you work in-house at a large company, you’re probably familiar with secondments, the temporary placing of an outside attorney within the company. The term is military in origin, referring…
WSJ’s Fed Whisperer Confirms – Fed Is Confused
Federal Reserve officials are split into two camps, according to Wall Street Journal’s Jon Hilsenrath, those who believed that risks to the economy were materializing and those who wanted to…
The Case For Outlawing Cash
Submitted by Bill Bonner via Bonner & Partners, Investors are losing confidence… They’re probably losing confidence in corporate managers, for instance. Who wants to own stock in companies run by…
SEC Suspends Deutsche Bank Research Analyst For “Not Meaning What He Said”
Over a decade ago, Henry Blodgett was barred from the securities industry for promoting dot com companies which he personally though were a “piece of crap.” And while nothing has…
As “Plan A” Fails, This Is What The Fed’s “Plan B” Would Look Like
As you might have noticed, the Fed made a policy mistake in December. We could delve deeply into the specifics, but quite frankly it all boils down to this: Yellen…
Explaining The “General Violence Of The Market’s Extreme Moves”
Earlier today we reported that based on various internal metrics, the market-neutral quant space is suffering one of the most violent deleveraging episodes since the infamous quant blow up in…
Should You Believe The Vampire Squid On Gold?
Submitted by Jim Quinn via The Burning Platform blog, I find it fascinating the mainstream corporate media and Wall Street shysters spend SO MUCH time talking down gold and spending…