It is the 22nd of September 2017

News

Hurricane Maria Headed For Puerto Rico As Island Struggles To Recover From Irma

The National Hurricane Center has upgraded formerly tropical storm Maria to a category one hurricane Sunday as it hurtles northwest toward the Lesser Antilles. The storm, which is expected to hammer the Leeward Islands Monday with 75 mph winds, has inspired several meteorologists to superimpose the latest forecast cone for Maria over the path traveled by Hurricane Irma. And the result, for many residents of the Caribbean, is frankly chilling.

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Beware "The False Peace" In Markets, Artemis' Cole Warns Vol-Sellers' Day Of Reckoning Looms

Volatility is an instrument of truth," proclaims Artemis Capital's Chris Cole in a wide-ranging interview with The New York Times, warning that "the more you deny the truth, the more the truth will find you through volatility."

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White House Denies WSJ Report That Trump Will Not Withdraw From Paris Climate Deal

Update: it took about 10 minutes for the White House to deny the WSJ report, with the NYT and Bloomberg reporting that a White House spokesman has denied the WSJ story claiming US might stay in Paris accords, saying "position hasn't changed."  Bloomberg confirms the White House comment, stating that there is "no change" in the US position on the Paris Deal, and that US will withdraw unless presented with "more favorable terms."

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Deutsche Bank: "This Is The $2.5 Trillion Question"

Next Wednesday, the Fed is widely expected to officially launch its balance sheet reduction or "normalization" process, as a result of which it will gradually taper the amount of bonds its reinvests in the process modestly shrinking the Fed's balance sheet.

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