Viewing a recession threat through rose-colored glasses
Plus: Warren Buffett thumps Donald Trump on taxes, Russia drives energy ETF rally, and Ken Bone and his famous red sweater
- Good news for those worried about all the goods stockpiled by U.S. wholesalers, because Bank of America Corp. says it isn’t a recession indicator. The reason, it’s different this time. Sound familiar? Contrasting optimism.
- Warren Buffett takes Donald Trump to the woodshed on taxes. But it seems like this is all about taking advantage of tax laws, which Buffett has already confessed to doing. Awkward. Buffett’s 2015 tax return includes $5.5 million worth of deductions. Oops.
- Energy ETFs bust a move as Russia considers supply limits. Russia falls in line with OPEC.
- Ken Bone and his red sweater get 15 minutes of fame for debate performance. From seven Twitter followers to several hundred overnight.
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