Bloomberg2 Sept 17

On August 31, 2017, Jim Brilliant, CFA, CIO, and Century Management portfolio manager was interviewed by Barron's, Reuters, and Market Watch.  He was also interviewed on air by Bloomberg Radio.  The following are quotes or excerpts from those interviews:

    Barrons logoBarron's article by Amey Stone titled, Looks Like Houston's Hurricane Preparedness Is Paying Off. Jim points out that Houston's energy and utility infrastructure is well prepared for hurricanes.  He believes that plants, refineries and pipelines were shut down well ahead of Hurricane Harvey which should limit damage and allow them to reopen in the next few weeks.  He said, "The big, 'wild card' in terms of coming back online is how the Eagle Ford Shale wells will perform once they are restarted.  It's never been tested.“

                                                                                                                                                  

    MarketWatch logoMarketwatch.com article by Mark Decambre, 10-Year Treasury Treasury yield posts largest monthly drop in more than a year. Market participants say signs of sluggish inflation, remaining below the Fed’s target of 2% on an annual basis, have been the main factor limiting a rise in bond yields, despite efforts by the U.S. central bank to normalize monetary policy in the aftermath of the 2007-09 financial crisis. This could also put a damper on the central bank from raising rates further this year, said Jim Brilliant.        

                                                                                                                                                  

    ReutersIn a Reuters article by Sam Forgione titled, Dollar edges lower on U.S. data, month-end flows, Jim said, "With today's still-weak inflation numbers and with the impact that (Tropical Storm) Harvey can have on just a more noisy data set for (the Fed) to try to decipher, I think it's more likely that they push the next rate hike into the new year."  

       

                                                                                                                                                 

    Bloomberg RadioCarol Masser and Cory Johnson of Bloomberg interviewed Jim Brilliant for his energy industry expertise in the wake of Hurricane Harvey.  Jim was quoted as saying, "If we look at the financial impact, the industry is very well prepared for hurricanes and obviously this (Hurricane Harvey) is a big one and the flooding is the biggest but we think that the refining assets and the production assets will, as the water recedes, come back online probably in the next couple of weeks or so.  We're obviously seeing the impact that refining being offline is having with gasoline prices rising.  We'll see the reverse, a backup of U.S. crude inventory but overall this will have in our view the impact of bringing wordwide inventories lower.  We have seen this from the beginning of the year, inventories coming down across the energy sector."   

                                                                                                                                                 

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