Euro Bond Crisis Returns As Germany Pushes Euro Sovereign Debt Bail-in Clause
European Banks holding European sovereign debt may have to take haircuts and be part of bail in plans should that same debt default, according to a plan being pursued by…
Somehow Dennis Gartman Made 1.6% In A Day When The Market Ripped Against Him
Something strange is going on. Heading into the Friday open, in his daily letter to “clients”, Dennis Gartman said that in his “retirement portfolio” he was short the market and…
Turkey Will “Definitely” Join Ground Operation In Syria, Accuses Russia Of “War Crimes”
Update: Here are the latest headlines out of Russia where the defense ministry is at wit’s end with the Turks. RUSSIAN DEFENCE MINISTRY SAYS ‘TERRORISTS’ IN SYRIA’S IDLIB AND ALEPPO…
2016: The Year Wishful Thinking Fails
Submitted by Charles Hugh-Smith of OfTwoMinds blog, If we collectively choose wishful thinking, catastrophic consequences are guaranteed. Wishful thinking has been an integral driver of the “recovery” 2009-2015: asset bubbles…
Victoria Nuland’s Appointed Prime Minister Of Ukraine Is About To Replaced
Nearly two years after Victoria Nuland decided that “Yats” should be her puppet prime minister in Ukraine as part of the CIA-organized presidential coup, the latest embarrassment for the U.S.…
To Prevent Roundtripping, CBN Tells Banks To Publish Forex Returns
Perhaps following recent report by NAIRAMETRICS, the Central Bank of Nigeria (CBN) has asked banks to start publishing their returns on the utilisation of the forex in the newspapers. This,…
Saudi and Russia Just Agreed To Freeze Crude Oil Output
Major news coming out of Doha reveals Saudi Arabia and Russia have agreed to freeze output at January production levels. The two largest producers of oil in the world met…
Real Reasons Why Buhari Cleared Out Heads of Federal Agencies
Economic, rather than political reasons are to be blamed for the hurricane that befell the 26 Directors-General and Heads of parastatals yesterday. The Nation reports that no fewer than 10…
These Senators Are Patronising Innoson Motors
Chairman of Innoson Motors, Nigeria’s first home made vehicle, Innoson Chukwuma received the Senate President Bukola Saraki and other senators at his company’s office yesterday. The company last month sacked…
Nigeria Has Saved N18.3bn In Six Weeks After Removing Oil Subsidy
Savings from the removal of removal of subsidy on both petrol and kerosene continue to grow on a daily basis leading to over N18.3bn on Premium Motor Spirit (petrol) and…