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Daily Digest 9/11 - Irma knocks out power, Central Banks Have Purchased $2 Trillion In Assets In 2017

Monday, September 11, 2017, 12:41 PM

Economy

Central Banks Have Purchased $2 Trillion In Assets In 2017 (lambertad)

In his latest "flow report", BofA's Michael Hartnett looks at the "Disconnect Myth" between rising stocks and bonds and summarizes succinctly that there is "no disconnect between stocks & bonds."

Why? The best, and simplest, explanation for low yields & high stocks is simple: so far in 2017 there has been $1.96 trillion of central bank purchases of financial assets in 2017 alone, as central bank balance sheets have grown by $11.26 trillion since Lehman to $15.6 trillion.

Dear President Trump: America is in for a Rude Awakening in January (thc0655)

I’m sure some people in the mainstream media thought I was out of line — but the United Nations and the International Monetary Fund (IMF) have both confirmed this plan to replace the U.S. dollar is real. I’ve made this warning many times, but it seems to be falling on deaf ears. That’s why I’m writing directly to you.

Millennials Are the Key to the Highest Gains (tdabate)

Gains like what you would have gotten by owning stocks such as Facebook Inc. (Nasdaq: FB). From its low in September 2012 to its high in July 2017, Facebook’s stock is up nearly 900%.

That’s because millennials are big Facebook users. A Pew Research study showed that 88% of millennials use Facebook. Millennials are on Facebook an average of 30 minutes a day, according to another study.

Your Next Phone Will Probably Cost You $1,000 (jasonw)

On Tuesday, Apple Inc. will introduce its latest top-of-the-line iPhone, and even the cheapest model is expected to cost about $1,000. A few days later, Samsung’s Galaxy Note 8 goes on sale for a comparable amount. The iPhone is expected to be made from glass and stainless steel, while the Note has an exceptionally large, bright screen with a metal-and-glass case. New features for the iPhone will include upgraded cameras and the ability to unlock your phone with a 3D scan of your face. All that stuff has pushed up prices, and there’s a risk that even many longtime early adopters will balk at laying out four figures, including tax.

Energy

Irma knocks out power to more than 6 million in Florida (jasonw)

The remnants of Hurricane Irma swept north through Florida on Monday, leaving behind a trail of debris, flooding and power outages after the storm roared up the state’s Gulf Coast and brought its drenching rainfall and battering winds north.

In the push for oil embargo on North Korea, China is reluctant to sign off (jasonw)

The United States, South Korea and Japan have pushed hard for the United Nations to cut off North Korea’s crude oil supply in response to its sixth and largest recent nuclear test. But it’s unlikely to happen for now because a key player — China — is wary of a full embargo.

Goldman: Harvey, Irma Cause 900,000 Bpd Drop In Demand (jasonw)

In the wake of the hurricanes Harvey and Irma, oil demand is expected to drop by some 900,000 bpd this month, Goldman Sachs said on Monday.  “Irma will have a negative impact on oil demand but not on oil production or processing,” Goldman analysts said in a note, as carried by Reuters.

Environment

Tick escapes during Japanese press conference on deadly disease prevention (richcabot)

One live and one dead tick were put on display at the press event. However, the conference descended into farce when the live creature, which had been in a transparent vial, escaped the clutches of a government official’s tweezers.

Calling the Turn (robertwise)

In spite of all the drama shown on TV, waiting for a hurricane to pass can be almost boring. My biggest concern now is lack of wind. It's not blowing hard enough to activate the self-trimming function of my tallest palm tree. We're supposed to get to tropical storm force winds in an hour or two, building up to a maximum around midnight. Sixty knots out of the southeast should be enough to trim that tree. And the dead branches will fly northwestward across the canal, giving them plenty of time to drop to ground level before they reach the homes on the other side. No second story windows there, anyway, and the houses are all boarded up.

Hurricane Irma Sucked The Ocean Away From Florida And Bahamas Beaches (jasonw)

Hurricane Irma is so powerful that it has temporarily sucked the ocean away from beaches in Florida and the Bahamas in recent days.

Gold & Silver

Click to read the PM Daily Market Commentary: 9/8/17

Provided daily by the Peak Prosperity Gold & Silver Group

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1 Comment

saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
Joined: Jul 30 2009
Posts: 3967
National Debt Now At $20,162,176,797,904.13

The Debt to the Penny and Who Holds It

( Debt Held by the Public vs. Intragovernmental Holdings )

Current Debt Held by the Public Intragovernmental Holdings Total Public Debt Outstanding
09/08/2017 14,622,661,213,046.99 5,539,515,584,857.14 20,162,176,797,904.13

 

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