China Devalues Most In 8 Weeks, Offshore Yuan Slides To 3-Week Lows
Following USD strength last week, China has come back to work after the disappointment of the Shanghai non-accord and weakened the Yuan fix by 0.2% – the most since January…
A Coherent Explanation of Obama’s Foreign Policy
Foreign policy is both economic and military. An interpretation of U.S. President Barack Obama’s foreign policy will be presented here that explains both his economic and his military decisions to-date,…
China Stocks Crash: Down More Than 4% To Fresh 15 Month Lows
It all started off well-enough: the USDJPY was modestly lower but noting big, then the Yuan was fixed a little less modestly lower – well ok, it was the lowest…
The Three Charts That No Small Cap Asset Manager Wants You To See
A funny thing happens to an index’s valuation when you choose not to entirely ignore the companies that have negative earnings (i.e. losses). Ever wondered what the P/E ratio of…
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…