San Francisco Fed Apologizes For “Iowa Is… Iowa” Twitter Fiasco
In mid-January, just as the market was crashing due to among other things concerns that the economy was prolapsing, we had a brief exchange with the Atlanta Fed asking them…
Moodys Warns Defaults Set To Rise As Liquidity, Financial, & Monetary Stress Soar
US monetary conditions are the tightest since 2009, financial conditions the tightest since 2009, and as Moody’s reports today Liquidity Stress is at its worst since February 2010 – all…
Kuroda Suggests “No Limit” To More NIRP Measures To Stall Japanese Bond Yields, Stocks, USDJPY Plunge
With Nikkei 225 down 800 points from post-NIRP highs and USDJPY having almost roundtripped, there is little wonder that Japanese government bond yields are collapsing to imply considerably deeper NIRP…
Why Bernie Sanders Has To Raise Taxes On The Middle Class
Willie Sutton was one of the most infamous bank robbers in American history. Over three decades, the dashing criminal robbed a hundred banks, escaped three prisons, and made off with…
The One Asset Class that Matters
By EconMatters The modern era of financial markets means that basically there are two assets: Risk On and Risk Off. The last two days we have been in Risk Off…
“We Need To Rise Up”: Bilked Chinese Investors Call For Nationwide Uprising After Massive Ponzi Uncovered
Well, don’t say we didn’t warn you. Just yesterday, in the course of documenting the largest ponzi scheme the world has ever known (in terms of number of victims), we…
Guinness Appoint Former Minister, Omobola Johnson Director
Guinness Nigeria Plc has appointed former Minister for Communications Dr. Omobola Johnson as a director of the company. The company confirmed this through a press release sent to the Nigerian…
It’s OVER: Nigeria Ends Crude Oil Swap And Replaces It With “DSDP”
Nigeria is set to finally end crude oil swap deals in March according to an article from Reuters. It will be replaced with “Direct Sale-Direct Purchase system that will now…
Tiger Branded Consumer Goods Declares N900 million Loss In Q1’15
Tiger Branded Consumer Goods Plc released its financial results for the 3 months ended 31 December 2015. The result showed that revenue rose marginally by 0.07% from N10.66 billion in…
Mimiko Unveils 2016 Budget for Ondo State
The governor of Ondo state, Olusegun Mimiko today announced the sum the of 118.9 billion for fiscal budget of the year, Daily post reports. The state appropriation bill is one…