Business

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.

• Obama sending more forces to Syria to consolidate gains against Islamic State (Reuters)
• Global stocks, dollar stumble ahead of Fed, BOJ meetings (Reuters)
• The Rise and Deadly Fall of Islamic State’s Oil Tycoon (WSJ)
• Oil Producers Lock In Once-Snubbed Prices (WSJ)
• Yellen's Scope for Summer Rate Hike Widens as ECB Signals a Hold (BBG)
• 11,000 jobs at risk as BHS teeters on brink (The Times)
• China's Xi Shakes Up Rival Power Base Before Party Reshuffle (BBG)
• As Bond Yields Rise, Some Investors Fear Another False Dawn (WSJ)

The latest shocking example of just how intertwined central banks have become in not only Treasury and corporate bond markets and their respective "valuations", but also in stocks, comes courtesy of the Bank of Japan which days ahead of an announcement which may see it double its ETF purchases from the current JPY3.3 trillion to JPY7 trillion or more (if Goldman is correct) has just been revealed to be a top 10 holder in about 90% of all Japanese stocks!