On this Day in History: September 11, 2001 attacks, also called 9/11 attacks, series of airline hijackings and suicide attacks committed in 2001 by 19 militants associated with the Islamic extremist group al-Qaeda against targets in the United States, the deadliest terrorist attacks on American soil in U.S. history. The attacks against New York City and Washington, D.C., caused extensive death and destruction and triggered an enormous U.S. effort to combat terrorism. Some 2,750 people were killed in New York, 184 at the Pentagon, and 40 in Pennsylvania (where one of the hijacked planes crashed after the passengers attempted to retake the plane); all 19 terrorists died (see Researcher’s Note: September 11 attacks). Police and fire departments in New York were especially hard-hit: hundreds had rushed to the scene of the attacks, and more than 400 police officers and firefighters were killed.
News of the Day:
America’s $20 Trillion Debt Pile Is Getting Cheaper as It Grows – https://www.bloomberg.com/news/articles/2020-09-11/america-s-20-trillion-debt-pile-is-getting-cheaper-as-it-grows?srnd=premium
U.S. consumer prices increase solidly in August – https://www.reuters.com/article/us-usa-economy-inflation/u-s-consumer-prices-increase-solidly-in-august-idUSKBN2621UK
TREASURIES-Yields drop despite higher inflation, after supply passes – https://www.reuters.com/article/usa-bonds/treasuries-yields-drop-despite-higher-inflation-after-supply-passes-idUSL1N2G80Q2
Real yields are going from negative to worse. Pushing savers into stocks like NKLA: https://hindenburgresearch.com/nikola/ (NKLA is everything TSLAQ wished it was).
Other News & Blogs:
Most Stocks Suck – https://theirrelevantinvestor.com/2020/09/10/most-stocks-suck/
Weekend Podcast Recommendations:
Odd Lots – Why Blank Check Companies are the Hottest Things this Year – https://open.spotify.com/episode/4AHt6jvR1Ud7y9pQuRoFnE?si=pV–Rbk4SFSG418iABY2_Q Masters in Business – Morgan Housel on the Culture of Finance – https://open.spotify.com/episode/0WObdUb1RvXuRxebVSr71D?si=IZU_0sJUQEeSH2hXypv5vw