Submitted by Tony Sagami via MauldinEconomics.com,
My college-aged kids love him. I’m not talking about Stephen Curry or Justin Bieber (although they love them too); I’m talking about Bernie Sanders.
Whether you support him or not, my guess is that most Americans my age are very surprised about his popularity. However, it shouldn’t be a surprise given the economic stress many Americans face.
Despite oil's rebound off cyclical lows and the world's exuberance that the energy space may be saved (on the basis of headline-reading algos pumping momentum into commodity futures products that only leveraged Chinese speculators could find value in), something ugly is occurring in Saudi Arabian money-markets.There appears to be a growing funding squeeze in The Kingdom as 3-month interbank rates spike above 2% for the first time since Jan 2009 prompting King Salman to approve a 'post-oil economic plan'.
Donald Trump’s worth is not as huge as he claims. Forbes magazine has estimated Donald Trump’s wealth to be a mere fraction of what he purports it to be. The Donald is not happy that the established magazine responsible for revealing the worth of the wealthiest among us, has reduced his worth to just over a third of its estimated value. The Billionaire businessman and Republican Presidential front-runner thinks that the establishment is out to make him look bad and as poor as possible.
As DB previews, the April FOMC gathering headlines a crowded economic events calendar this week.
Authored by Steve H. Hanke of The Johns Hopkins University. Follow him on Twitter @Steve_Hanke.
The Saudi deputy crown prince, Mohammed bin Salman, recently pulled the plug on an output freeze deal that was scheduled to have been signed by oil producers in Doha, Qatar. Since then, the press has been filled with the same story: Prince Mohammed was offended because Iran was a “no show” in Doha. So, he shredded the draft output freeze agreement.