Storm

They finally did it.

Since 2008, Central Banks have been desperately trying to generate inflation.

They know they cannot produce growth (hence why both the Fed and the ECB abandoned this as a goal in their statements back in 2013)… so they have chosen to “target” inflation.

To that end, Central Banks have maintained Zero Interest Rate Policy (ZIRP) as well as Negative Interest Rate Policy (NIRP) for the better part of eight years. They’ve also printed over $14 TRILLION in new capital and funneled it into the financial system.

• U.S. Index Futures Rise as Irma Weakens, Korea Tensions Ease (BBG)
• Irma Weakens as It Heads Past Tampa, Cutting Damage Forecast (BBG)
• As Hurricane Irma heads toward Florida, U.S. military launches amphibious relief efforts in the Caribbean (WaPo)
• Oil weakens on fears Irma could dent U.S. demand (Reuters)
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• Republicans could lose U.S. House in 2018 over immigration fight: Bannon (Reuters)

Update 2: German authorities issued a Europe-wide police alert naming 23-year-old Anis Amri as a suspect in the case, describing him as “dangerous and armed.”

Meanwhile, according to the suspect's father and security sources, Tunisia's Radio Mosaique reported that Anis Amri left Tunisia seven years ago as an illegal immigrant and spent time in prison in Italy.