Business

Donald Trump continued to streamroll over all conventional narratives when during a massive 96-minute interview with the Washington Post on Thursday which was released today, in which he talked candidly about his aggressive style of campaigning and offered new details about what he would do as president, he said that economic conditions are so perilous that the country is headed for a "very massive recession" and that "it’s a terrible time right now" to invest in the stock market, which, the traditionally cheerful WaPo said embraces "a distinctly gloomy view of the economy

In recent weeks, JPMorgan has turned decidedly sour on the US equity market: one month ago, on March 3, JPM announced that "for the first time this cycle", it has gone underweight stocks.

The government in Brazil have arrested and charged one of the world’s richest bankers, Joseph Safra, for bribing officials in order to avoid paying tax.  Brazilian prosecutors say that Safra had knowledge of a 2014 plan by executives at his Banco Safra SA to bribe federal tax auditors with $4.2 million dollars. Reuters.com reports: The accusation is based on tapped phone calls between Banco Safra executive João Inácio Puga and tax officials, the statement added.

Submitted by Paul Brodsky via Macro-Allocation.com,

The USS Perpetual Growth was picking up speed, steaming over calm seas despite a growing chorus of capital market Cassandras fearing trouble under the surface and further out at sea.

“Full speed ahead” Skipper Yellen barked to her economates, unperturbed by ominous radar images or the uselessness of econometric expertise at the zero bound, unmindful of passenger dysentery because 95.1% of the ship’s births were full.

How quickly the oil production freeze narrative has fallen apart.

Source: stockboardasset

Indeed, it's been a tough two days for oil bulls holding on to hope that excess oil production will normalize in the near term and that the world's oil suppliers would somehow manage to curb oil production in the aftermath of the OPEC's November 2014 cartel collapse.