tyb
ABIDE5:5 USAF E-4 B Nightwatch up from Robins AFB wif 09-0017 USAF C-32A leading and out of JBA earlier today
SAM388 C-40B inbound to JBA from Helsinki depart wif a ground stop at Shannon, Ireland for a refuel
Had this wrong the other day thought the returning SAM from Athens was Milley....dis is JCOS Mark Milley coming back from Finland after meeting wif Valery Gerasimov Chief of the General Staff of the Armed Forces of Russia,
What is still correct is that Nancy was in Athens (from London on BOXER41 >>93440 pb) on the same day that Milley was wrapping up the faggit NATO meeting...that was Monday.
Top US military official meets Russian counterpart in Finland
Gen. Mark Milley, Chairman of the US Joint Chiefs of Staff, met his Russian counterpart Valery Gerasimov in Finland amid heightened tensions between Washington and Moscow, according to authorities.
While the agenda of Wednesday's meeting was not made public, Milley's spokesperson told the media that the two officials discussed efforts to improve communications between the US and Russia as well as how to reduce potential risk factors, reports Xinhua news agency.
Although the meeting was held at the Finnish government premises at Konigstedt Manor in Vantaa, near Helsinki, Finland was not represented in the meeting.
A media representative for Milley was quoted by Finnish national radio as saying that in the meeting the talks continued aiming at "increasing communication and reducing risks".
Russian news agency TASS quoted the country's Defence Ministry as saying that during the meeting the two sides addressed "issues of mutual interest, including reducing the risk of incidents during military activities".
"Despite the ongoing and occasionally contentious disagreements between the US and Russia on Ukraine, cyberattacks, and the Arctic, the purpose of the meeting was to improve dialogue and deconfliction between the two militaries," a CNN report said.
https://menafn.com/1102850728/Top-US-military-official-meets-Russian-counterpart-in-Finland
Moderna CEO Sees 'Return To Normal' Life In A Year If We All Take Vaccine Booster Shots Indefinitely
The CEO of pharmaceutical giant Moderna says that even younger people will have to get vaccine booster shots at least once every three years, meaning that a two-tier society which punishes the unvaccinated could remain in place indefinitely.
According to Stephane Bancel, the pandemic will continue for at least another year, at which point there will be enough vaccine doses “so that everyone on this Earth can be vaccinated.”
This includes jabs for infants and booster shots for those who require them. “Those who don’t get vaccinated will immunize themselves naturally because the Delta variant is so contagious,” said Bancel, although he went on to assert that such people would still get ill. “You can either get vaccinated and have a good winter. Or you don’t do it and risk getting sick and possibly even ending up in hospital,” said the Moderna CEO. Bancel says life will return to normal “in a year,” but that this will be dependent on people continuing to receive regular COVID-19 booster jabs.
The CEO said older and vulnerable people would “undoubtedly” need refresher shots at least once a year, while even younger people who face an infinitesimal chance of dying from the virus will need booster shots every three years. Israel has already signaled that vaccine passports will incorporate mandatory proof of an individual having received booster shots. This means that those hoping to ride out the pandemic while remaining unvaccinated, with all freedoms returned next year, may actually face a permanent bio-security police state which keeps them under de facto lockdown forever. Those who for whatever reason refuse to take their booster jabs will also face discrimination when it comes to travel and basic lifestyle activities in many countries.
Despite Bancel’s insistence that the entire planet will have been offered a vaccine within a year, according to Amnesty International, “Moderna has not yet delivered a single vaccine dose to a low-income country.”
https://www.zerohedge.com/covid-19/moderna-ceo-sees-return-normal-life-year-if-we-all-take-vaccine-booster-shots-indefinitely
Stephan Bancel CEO of Moderna share sales since 2019: $294.35m
https://www.secform4.com/insider-trading/1443340.htm
Fed Reverse Repo Soars To Record $1.35 Trillion After Fed Doubles Counteparty Limit
Early this morning, one day after the Fed doubled the counterparty limit for reverse repo usage from $80 billion to $160 billion >>94429 pb , Wrightson ICAP predicted that usage on the Fed's overnight Reverse Repo facility would surge.
According to the interdealer broker, GSEs have been the only RRP countrparties constrained by the previous $80 billion limit, adding that the the low level of overnight GC repo rates which have frequently dipped below IOER in recent days (orange line below), reflects the fact that “some of the float associated with this month’s UMBS principal and interest payments had to be invested in the repo market. As ICAP economist Lou Crandall wrote, “much, perhaps, all of that cash is likely to be moved to the Fed today,” adding that he was looking for volume to rise to the $1.325 trillion to $1.35 trillion range.
In retrospect, he was on the low side, because at 1:15pm ET the Fed revealed that courtesy of the counterparty ceiling cap doubling, the total usage on the Fed facility soared by $69.2 billion to a new record high of $1.352 trillion, the highest on record.
However, while today's spike is unlikely to see a substantial decline especially since the Fed will continue injecting inert liquidity via QE until at least such time as the taper ends some time in 2022 (assuming it ends), Crandall also noted that today's surge will be short-lived as GSE cash will have to be moved to its non-interest-bearing deposits on Friday in order to be available to meet UMBS payment obligations Monday morning. In terms of future fund flow dynamics, there are several cross-currents: the monthly influx of cash from GSEs adds to the glut related to the Fed’s ongoing asset purchases and Treasury’s drawdown of its cash balance. At the same time, the Treasury continues paying down its bill supply as it attempts to stay under the debt ceiling.
And with the TGA account nearly depleted as a result of the debt ceiling fiasco and likely to be replenished dramatically in Q4 once the debt ceiling drama is over, the reverse repo usage will drop sharply in Q4 as the Treasury floods the market with a record amount of bills as it seeks to replenish its cash supply, as counterparties convert reserves to Bills.
https://www.zerohedge.com/markets/fed-reverse-repo-soars-record-135-trillion-after-fed-doubles-counteparty-limit
SAM414 USAF G5 departed Randolf AFB San Antonio after another quick ground stop and heading east
C2003 US Coast Guard HC-130 continues east from El Paso Int'l ground stop and off-load
Not heading back to Del Rio dis time
dub 5's chek't and wif da 55th post of da bred too.
ABIDE5:5 USAF E-4B Nightwatch heading ws nao after splitting from 09-0017 USAF C-32A-that AC began it's descent back to JBA
ABIDE5:5 played follow da leader for a bit over the southeast
Evergrande Selective Default: Offshore Bondholders "Run Out Of Hope" For Coupon Payment
While the market has clearly moved on from the Evergrande debacle, perhaps assuming that all is now contained while completely ignoring the potentially catastrophic consequences for China's US$60 trillion property market (Goldman has just come out with a must read report "Investing under a new regulation regime (Part 4): A US$60tn property dilemma" available to pro subs in the usual place), the reality is that the company is about to default on some $18 billion in foreign debt.
Nearly a full day after we said that the fate of the offshore bondholder fate would be decided in hours...Reuters reports that there is still no news, and - worse - Group's dollar (offshore) bondholders were still waiting for information about a key interest payment due Thursday, "with some holders having given up hope of getting a coupon payment by the deadline, a source familiar with the matter said." Adding insult to injury, as of midnight Hong Kong time, there had been no announcements by Evergrande about the payment, confirming that the company will simply pretend it never had to make a payment.
And while the source added that the property developer was "instead expected to provide more information in the coming month", that's not how bondholder indentures work and unless there is a resolution in the next few hours, Evergrande will enter it 30 day grace period while rating agencies S&P and Moody's will declare in Selective Default, i.e., a state were a borrower fails to pay one or more of their obligations but continues to meet other payment obligations. Semantics aside, a selective default is a default for the affected bondholder group, which in Evergrande's case includes over $18 billion in dollar-denominated bonds.
While Evergrande negotiated a resolution on its local interest payment due today, it was also due to pay $83.5 million in interest on a $2 billion offshore bond on Thursday and also has a $47.5 million dollar-bond interest payment next week. So far it has not made the payment and looks unlikely to make it. Both bonds would default if the company, which has outstanding debt of $305 billion, fails to settle the interest within 30 days of the scheduled payment dates. The company has yet to make an announcement about its plans for Thursday's offshore bond coupon payment and a company spokesperson did not respond to requests for comment.
The silence from Evergrande flies in the face of an earlier report from Bloomberg according to which Chinese regulators had asked Evergrande executives to avoid a near-term default on its dollar bonds and to communicate proactively with bondholders. It appears that report was false.
>>92061 Evergrande Suspends Trading In All Bonds
>>92469 pb China Injects Most Liquidity Since February To Stem Evergrande Panic
>>94276, >>94307 pb China's Evergrande says it will make debt payment. 3 year payment schedule
forgot dis
https://www.zerohedge.com/markets/evergrande-selective-default-offshore-bondholders-run-out-hope-coupon-payment
>>94717 pb
JASDF JAF001 and 002 on descent for JBA from Tokyo Narita depart-arriving for the QUAD summit wif PM Modi, PM Morrision, Not AF1 Joe
Hopefully the staff at the WH can get there shit together and have someone actually welcome Suga-san and Co. cause they left him outside last time.
Modi already here >>94578 pb and met wif Morrison
PM Modi meets Australian counterpart Morrison in US ahead of 1st in-person Quad Summit
Prime Minister Narendra Modi on Thursday met his Australian counterpart Scott Morrison here ahead of the first in-person Quad meeting to be hosted by US President Joe Biden. The meeting between Modi and Morrison came a week after they spoke over phone and reviewed the rapid progress in the India-Australia Comprehensive Strategic Partnership, including through the recent 'two-plus-two' dialogue, and exchanged views on regional developments and the forthcoming Quad meeting. The meeting assumes significance as External Affairs Minister S Jaishankar and Defence Minister Rajnath Singh on September 11 held the 'two-plus-two' talks in New Delhi with their Australian counterparts Marise Payne and Peter Dutton. It was the first meeting between the prime ministers of India and Australia since the AUKUS (Australia, the UK and the US) security partnership was unveiled last week by US President Biden, British Prime Minister Boris Johnson and Morrison.
https://www.cnbctv18.com/world/pm-modi-meets-australian-counterpart-morrison-in-us-ahead-of-1st-in-person-quad-summit-10862712.htm
SAM388 USAF C-40B JCOS Milley returning from Helsinki
German AF GAF955 A340 inbound from Berlin depart earlier today