Posted at 10:38 AM (CST) by & filed under In The News.

Bill Holter’s Commentary

When asked how it collapsed, the response was “slowly at first…then all of a sudden”!

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Jim Sinclair’s Commentary

He got his start on Wall Street.

Meet Trump’s New Communications Director
July 22, 2017

President Trump’s decision on Friday to install Wall Street financier Anthony Scaramucci as the new White House communications director sparked a sudden shakeup of the president’s senior staff, driving out press secretary Sean Spicer and elevating his deputy to take his place.

Spicer’s resignation was reportedly prompted by Scaramucci’s appointment, which he reportedly told Trump was a mistake.

But for a president who is widely known to value loyalty among his aides and advisers, and whose White House has for months faced a steady trickle of leaks, Scaramucci’s appointment was a clear move to install a steadfast ally and Washington outsider, who has a record of defending Trump in the public arena.

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Jim Sinclair’s Commentary

Getting dead looks quite easy. Staying alive in the international world of Swamps is the hard job today.

Joseph Rago, Pulitzer Prize-Winning Wall Street Journal Reporter, Found Dead In Manhattan Home At 34
July 21, 2017

Joseph Rago, who wrote Pulitzer Prize-winning editorials for the Wall Street Journal, was found dead at his home in Manhattan. He was 34-years-old.

Rago was found by police at 7:40 p.m. Thursday after he didn’t show up at work, according to the Wall Street Journal.

Police said they found no visible signs of trauma and that the cause of death would be determined by the city medical examiner’s office.

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Bill Holter’s Commentary

Have you been called a nutcase by friends and relatives for your “conspiracy theories”? Ask them to explain this? They might tell you it is bogus because reported by Sputniknews, the FOIA link at the end argues it is not bogus.

July 20, 1977: CIA Mind Control Project MKUltra Docs Released for First Time
July 20, 2017

“Project MKUltra” was the name given to an illegal program of human experimentation conducted by the US Central Intelligence Agency, which investigated mind control. The 1975 Church Committee hearings exposed the operation – and on July 20, 1977 a Freedom of Information Act request uncovered a cache of 20,000 documents relating to it.

The origins of MKUltra lie in 1945, and Operation Paperclip — the secret transfer of top Nazi scientists to the US. Armed with extensive documentation on unethical Nazi human experimentation, including research into mind control, a clutch of military programs related to mental manipulation and behavioral modification were launched — including Projects CHATTER, BLUEBIRD and ARTICHOKE.

Headed by former chemist Dr. Sidney Gottlieb, MKUltra began in April 1953 on the orders of then-CIA Director Allen Welsh Dulles.

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Bill Holter’s Commentary

Is this an omen? Maybe better to be a bear than a sheep ..

Hundreds Of Sheep Killed After Bear Chases Them Over Cliff
July 22, 2017

More than 200 sheep have died after they hurtled over the edge of a cliff in the Pyrenees mountains while being chased by a bear.

Their deaths have reignited the bitter debate over the presence of bears in the mountain range that straddles the French-Spanish border, where they were reintroduced 20 years ago after disappearing in the early 1990s.

The sheep belonged to a farmer in the Couflens area on the French side of the border, but their bodies were found last Sunday at the foot of a cliff just over the border in Spain.

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Bill Holter’s Commentary

Not sure how, but this will probably be spun as “good” for the stock market?

BREAKING: Yemeni Forces Strike Saudi Oil Refinery with Long-Range Ballistic Missile
July 22, 2017

Sana’a (GPA) – In retaliation for the Saudi’s ongoing aggression against Yemen, Yemeni forces have targeted an Aramco Saudi oil refinery in Yanbu province with a long-range ballistic missile.

The Saudi-led coalition tend to order anywhere from 20 to 70 airstrikes against various Yemeni provinces on any given day. Any province under control of Yemen’s Popular Forces is fair game. Hot spots currently include Taiz, Marib, the vital Hodeidah port town, and the densely populated capital city of Sana’a. So in retaliation, Yemeni forces have struck a Saudi oil refinery.

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Posted at 9:47 AM (CST) by & filed under Jim's Mailbox.

Our buddy JB rooting for law and order!

Bill

Militant Left-Wing Leader Arrested For Allegedly Inciting Violence At 2016 Sacramento Melee
July 21, 2017

The prominent leader of a militant left-wing group was arrested earlier this week on charges stemming from a violent brawl last year between white nationalist groups and counter-protesters.

Yvette Felarca, 47, was taken into custody in Los Angeles on Tuesday on charges of inciting and participating in a riot, and assault likely to cause great bodily injury, the Sacramento County District Attorney’s Office said Wednesday. The charges come after an eight-month investigation.

Felarca, whose name in public records appears as Yvonne Capistrano Felarca, has been identified as the leader and spokesperson for the anti-fascist group By Any Means Necessary.

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Posted at 9:44 AM (CST) by & filed under In The News.

Bill Holter’s Commentary

I wonder how much his fine is going to be?

Canadian Man Builds Park Stairs For $550 – Even Though City Said Project Would Cost $65G

July 20, 2017

A Canadian man built steps for his community park, but the City of Toronto is angry that he went ahead and did so even though city officials had estimated the project would cost $65,000 to complete.

Adi Astl, of Toronto, is a retired mechanic who decided to build the stairs at Tom Riley Park, in Etobicoke, Ontario, after several people fell down the poorly constructed pathway that led to a garden, according to CTV News.

Astl paid $550 in materials and also received private donations. He hired a homeless person and together the two built the eight steps.

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Jim Sinclair’s Commentary

He Shall Not Govern is the chant of the Snowflakes.

Parliamentarian Deals Setback To GOP Healthcare Bill
July 21, 2017

Major portions of the Republican bill to repeal and replace ObamaCare will require 60 votes, according to the Senate parliamentarian, meaning they are unlikely to survive on the floor.

The parliamentarian has advised senators that several parts of the bill could be stripped out, according to a document released Friday by Sen. Bernie Sanders (I-Vt.), the ranking member of the Senate Budget Committee.

The provisions that would likely be removed include polices important to conservatives, such as restrictions on tax credits being used for insurance plans that cover abortion.

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Jim Sinclair’s Commentary

Rather than extraditing him New Zealand will probably be better off for hiring him.

Kim Dotcom Vows To Fight ‘Unlawful Surveillance’ After Court Admits He Was Watched Longer
July 21, 2017

Internet entrepreneur Kim Dotcom was illegally spied on by New Zealand on behalf of the US for two months longer than previously thought, a High Court judgement revealed in its ruling over access to his personal communications.

Kim Dotcom said he will appeal the High Court judgement denying him access to his personal communications which were illegally intercepted by the New Zealand government on behalf of the US.

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Jim Sinclair’s Commentary

Who needs enemies when the cadre of so-called scientist will, and are in the process of destroying the world as we now it?

TEPCO Sacrifices Another “Swimming Robot” At Fukushima: Still “No Sign Of Melted Nuclear Core”
July 21, 2017

While Elon Musk is fearful of the future of AI and robots destroying man, it appears the Japanese are taking the battle to the robots as they send a third ‘swimming’ robot into the destroyed Fukushima reactors in search of the melted nuclear core material.

As Valuewalk.com’s Aman Jain writes, a swimming robot showed just how bad the damage at Japan’s Fukushima nuclear plant is.

The robot dubbed “the Little Sunfish” went inside the factory and captured images of the containment vessel in the Unit 3 reactor, which was swept away by the massive earthquake and tsunami in March 2011.

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Bill Holter’s Commentary

Who could have possibly foreseen this coming?

The 20 Diseases ‘Refugees’ Bring Into The West
July 21, 2017

Note: Dr. Elizabeth Lee Vliet is a member of the Association of American Physicians and Surgeons, AAPS.

Since 2005, Americans have been warned about microscopic border crossers carried in with refugees and illegal immigrants, bringing diseases previously eradicated or rarely seen here. When not simply ignored by media and health officials, physicians and others sounding the alarm have been attacked as xenophobes.

Now we’re seeing these prescient predictions come true, most prominently in Germany, since 2015 when Angela Merkel began allowing more than 2 million migrants from Africa, Asia and the Middle East to flood into her country.

U.S. and German citizens are put at significant risk by the politically correct acceptance of unscreened immigrants from countries with a high prevalence of infectious diseases, many difficult or impossible to treat. Yet authorities in both countries have failed to fully inform the public of the dangers.

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Posted at 12:59 PM (CST) by & filed under Jim's Mailbox.

Dear Wolfgang,

The people who plan this are anything, but dopes. They are the smartest sociopaths on the planet and above the elites.

Jim

Jim/Bill,

I find this a very moving article.

Many eye opening facts that should shake you to the core.

“If you recall, Article I, Section 8, of the U.S. Constitution empowers Congress – not the Federal Reserve – to coin money and regulate its value.

What’s more, Article I, Section 10, specifies that money be coined of gold and silver and cannot be bills of credit – such as paper legal tender notes.”

“As far as we can tell, paper dollars are illegal money on two counts. First, they’re issued by the Federal Reserve. Second, they’re bills of credit with no ties to gold or silver.

What gives? Isn’t the U.S. Constitution supposed to be the supreme law of the land?”

“Several years ago JP Morgan Chase stopped accepting cash as payment for credit cards and mortgages. Now Visa is dangling carrots in front of merchants with hungry stomachs. Visa will upgrade a merchant’s payment system and in return the merchant will no longer accept cash payments from customers.

Aren’t these actions by JP Morgan Chase and the merchants that take up Visa on their offer also illegal? The last we checked, cash, as in paper dollars, say: This note is legal tender for all debts, public and private.”

“Anyone with half their wits about them knows the U.S. Constitution has been reduced to a mere artifact of history.

Does this bother you?”

CIGA Wolfgang Rech

Congress’ Radical Plan To End Illegal Money
July 21, 2017

One of the many downfalls of being the United States Secretary of the Treasury is the requirement to place one’s autograph on the face of the Federal Reserve’s legal tender notes. There, on public display, is an overt record of a critical defect. A signature endorsement of a Federal Reserve note by the Treasury Secretary represents their personal ratification of unconstitutional money.

If you recall, Article I, Section 8, of the U.S. Constitution empowers Congress – not the Federal Reserve – to coin money and regulate its value. What’s more, Article I, Section 10, specifies that money be coined of gold and silver and cannot be bills of credit – such as paper legal tender notes.

As far as we can tell, paper dollars are illegal money on two counts. First, they’re issued by the Federal Reserve. Second, they’re bills of credit with no ties to gold or silver.

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Posted at 12:54 PM (CST) by & filed under In The News.

Jim Sinclair’s Commentary

More filth from the Swamp. Will the public ever know it? Worse, do they care?

Debbie Wasserman Schultz Now ‘Negotiating’ with Authorities Trying to Access Her Seized Computer
July 21, 2017

We have told you a few times on this site about the data breach involving Democrats in Congress and a Pakistani-born IT aide named Imran Awan.

You can read more about it here and here.

Basically, it looks like the Democrats messed up pretty royally and let this IT aide get away with a lot of sensitive information.

To make matters worse, Rep. Debbie Wasserman Schultz (remember her) is stonewalling the investigation.

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Jim Sinclair’s Commentary

President Trumps new man mouthpiece.

Anthony Scaramucci J.D.

Mr. Anthony Scaramucci, J.D., serves as the Founder, President, and Co-Managing Partner at SkyBridge Capital II, LLC. Mr. Scaramucci founded the firm in 2005. Prior to that, he worked at Lehman Brothers as a Managing Director in its investment management division. Mr. Scaramucci had co-founded Oscar Capital Management. Previously, he was a Vice President in private wealth management at The Goldman Sachs Group. Mr. Scaramucci was an Investment Professional at Fidelity Investments. He is a Non-Executive Director of Advisory Board of ZAN Partners Limited. Mr. Scaramucci serves as the Vice Chair of the Kennedy Center Corporate Fund Board. He is a Board Member of Warrior Gateway, The Brain Tumor Foundation, and Business Executives for National Security. Mr. Scaramucci sits on the Board of Advisors of the School of Arts and Sciences at Tufts University. He is a Trustee of the United States Olympic & Paralympic Foundation. In 2011, Mr. Scaramucci received the Ernst & Young Entrepreneur of The Year New York Award in the financial services category. He is the host of “Wall Street Week”. Mr. Scaramucci is the author of “The Little Book of Hedge Funds: What You Need to Know About Hedge Funds but the Managers Won’t Tell You” and “Goodbye Gordon Gekko: How to Find Your Fortune Without Losing Your Soul”. He is a regular contributor to Fox Business Network and Fox News Channel. Mr. Scaramucci earned a J.D. from Harvard Law School in 1989 and a B.A. in Economics from Tufts University in 1986.

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Jim Sinclair’s Commentary

I must offer a correction. The TRUTH is much worse than even D.K. knows.

Fund Manager Warns, “The Truth Is Worse Than Any of Us Can Possibly Know”
July 20, 2017

As long as the mainstream media isn’t reporting the truth, the “truth” can’t be that bad, can it?

The truth is worse than any of us can possibly know…

From PM Fund Manager Dave Kranzler:

The biggest problem facing Illinois is the public pension fund problem. I don’t care what the “official” number is for the degree to which it is underfunded. I can guarantee that even without marking-to-real-market the illiquid investments like private equity funds, derivatives, commercial real estate trusts and other assets that do not have truly visible markets, collectively the public pension system in Illinois is at least 60-70% underfunded. Then apply a realistic assumed actuarial rate of return on assets, which would be lower than the current assumption (likely 7.5% ad infinitum) and the underfunding goes to 80%. The problem is unsolvable without a complete and drastic restructuring.

I was in a Lyft ride today and the driver happened to be from the northwest suburban area of Chicago. There’s a lot bad things happening in that State that are not reported in the mainstream media. All road public road work has been halted except toll roads. The gun violence has worked its way from the South Side up through downtown into the Gold Coast neighborhood and is winding its way north.

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Bill Holter’s Commentary

As the saying goes…”what’s in your wallet”?

Coinbase To Suspend All Accounts On August 1st As “Civil War” Hard Fork Hammers Bitcoin… Massive Fraud Now The Norm At Coinbase
July 19, 2017

(Natural News) There is no longer any question about it: Coinbase is a massive fraud and appears to be engaged in widespread criminal conspiracy. Coinbase is the most popular online wallet for Bitcoin, and I have previously reported on how Coinbase has seized Bitcoins from users in Wyoming and Hawaii, preventing them from accessing their coins even if they move their residency to a different state.

Coinbase is currently taking WEEKS to respond to urgent queries, I’m being told, and they provide no working mechanism whatsoever for users in Wyoming or Hawaii to change their state of residency. When those users attempt to login to upload new IDs or change their address, they are given “Unable to create account” errors which state that “Coinbase has indefinitely suspended its business…” in their old state. In effect, Coinbase has stolen all the Bitcoins from users in those states and may have already absconded with those Bitcoins.

Coinbase declares it will suspend / seize all accounts on August 1st

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Posted at 11:05 AM (CST) by & filed under In The News.

Jim Sinclair’s Commentary

Our dear friend Mr. Williams once again states with us.
– GDP Benchmark Revisions Should Weaken Headline Activity in 2014 and 2015
– Outlook for Second-Quarter GDP Continues to Darken
– Despite a Statistically-Insignificant Monthly Rebound in June Housing Starts, Activity Plunged at an Increasingly-Rapid Pace of Quarterly Downturn
– Building Permits and Housing Starts Both Showed Deepening Quarterly Losses: Permits Fell by 2.8% (-2.8%) in First Quarter, by 13.0% (-13.0%) in Second Quarter; Starts Fell by 3.3% (-3.3%) in First Quarter, by 21.9% (-21.9%) in Second Quarter
– Downtrending Activity Remained Shy of Recovering Pre-Recession Peaks by 46.5% (-46.5%) for Housing Starts and by 44.6% (-44.6%) for Building Permits

“No. 900: June Housing Starts, Preview of GDP Benchmarking ”

http://www.shadowstats.com

Jim Sinclair’s Commentary

Not a shortage of cash. Just another computer glitch?

Customers Shut Out Of Accounts For Hours During Bank Of America System Outage

July 19, 2017

Bank of America customers were shut out from their accounts for several hours Wednesday in a system outage.

Coral Springs resident Eric Sleeper said he got what looked like a phishing email from the bank Wednesday and immediately started calling customer service to see if something was wrong. A message on his online account said it could not pull up his information.

When he called his local branch, a manager said that local managers were all calling each other trying to figure out what caused what appeared to be a national outage and why they were unable to provide certain services.

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Posted at 11:04 AM (CST) by & filed under Jim's Mailbox.

Jim/Bill,

So, I give you…the Bernanke!

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No offence.

Cheers.

Dismal Dave.

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Our friend CIGA Norbert dug up this little gem. Another application for silver, how long before increasing demand overwhelms supply?

Bill

New Nano Light Detector Could Change Solar Panels Forever
July 16, 2017

In today’s increasingly powerful electronics, tiny materials are a must as manufacturers seek to increase performance without adding bulk. Smaller is also better for optoelectronic devices—like camera sensors or solar cells—which collect light and convert it to electrical energy.

This image shows the different layers of the nanoscale photodetector, including germanium (red) in between layers of gold or aluminum (yellow) and aluminum oxide (purple). The bottom layer is a silver substrate. (Credit: U. Buffalo)

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More excellent points from our friend Robert.

Bill

Jim/Bill,

“In the second quarter, Chinese entities accounted for half of the commercial real estate purchases in Manhattan.”

The real question is when they stop buying, how far will prices drop? The same question can be asked of residential real estate where dubious assets serve as a basis for borrowing at Chinese banks coupled with mortgages at local banks. The ripple effect is bound to be widespread. A classic Chinese street game is to cause the sale of an item to show it’s bench value while then selling many other similar items using the first one as a benchmark, and letting everyone else take the hit who jumped in, when it collapses. Pigeons are many I am told for this game.

Even Deutsche may have issues as it is likely the share ownership in the bank is likely 100% debt financed while HNA is a borrower. When they hit water who do they sell the shares to, or are they already pledged, and if so to who ? Seems like a easy way to transfer a sizable block to a Chinese bank or the state itself. And that too raises other issues. Certainly explains why the ECB is looking into the ownership.

Cheers

Robert

Bank of America Pulls Ripcord on Chinese Conglomerate HNA
July 20, 2017

Are the Conglomerates the Black Swan in China?

Bank of America suddenly pulled back from doing business with HNA Group, a privately held Chinese conglomerate that has been on the forefront of highly leveraged, opaque Chinese conglomerates out on a mind-boggling debt-funded acquisition binge around the world.

“We simply don’t know what we don’t know, and are not prepared to take the risk,” Bank of America president for Asia Pacific, Matthew Koder, wrote in an internal email, dated June 28 that was leaked to The New York Times. “Given the importance of maintaining rigorous client selection standards, we have decided not to be involved with transactions with the HNA Group at this point in time.”

So Bank of America is getting scared and won’t do business with HNA. It’s walking away from a lucrative customer that has been generating piles of fees and interest income for the banks. The Times:

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Posted at 11:50 AM (CST) by & filed under Jim's Mailbox.

Bill Holter’s Commentary

From our friend Robert.

China Is Training Africa’s Next Generation Of Transport And Aviation Experts
July 18, 2017

China is moving beyond building Africa’s roads, railways and ports to investing in the continent’s transportation and aviation industries as a whole.

Plans to build five transportation focused universities and a China-Africa aviation school on the continent are going ahead, according to the dean of Chang’an University in Xi’an, China, speaking at a conference in South Africa last week. Starting this year, 500 aviation personnel from Africa will start training in China each year, Chinese officials said earlier this year.

Education and the transfer of technological know-how are increasingly part of China’s soft power efforts in Africa. There are more than 20 Chinese-run agricultural training centers and over 40 Chinese language schools, Confucius centers, across the continent. China’s minister of foreign affairs Wang Yi said last week his government would offer 10,000 scholarships to African officials to study in China over the next decade. China is already the top destination for African students from English-speaking countries, ahead of the United Kingdom and the United States.

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Dear Wolfgang,

Gold is the most superior of assets. Gold will in time assert itself without the need to make any comparisons to anything. Relax.

Jim

Jim/Bill,

A little “Bit” of this and a little “Bit” of that.

Somehow, I received this on my work email.

I am not into Bitcoins, yet I still got this.

The fact that I somehow received this aside, it appears from reading the message (if true) that there may be trouble ahead.

Clouds (pun intended) on the horizon!

It’s difficult enough following the relationship of gold to the US Dollar.

Now one has to evaluate user activated hard forks and its use to change and increase the blockchain!

Getting too old for this.

CIGA Wolfgang Rech

Dear Coinbase Customer,

The User Activated Hard Fork (UAHF) is a proposal to increase the Bitcoin block size scheduled to activate on August 1. The UAHF is incompatible with the current Bitcoin ruleset and will create a separate blockchain. Should UAHF activate on August 1, Coinbase will not support the new blockchain or its associated coin.

The User Activated Soft Fork (UASF) is a proposal to adopt Segregated Witness on the Bitcoin blockchain and could result in network instability. It is scheduled to activate at the same time as the UAHF.

To ensure the safety of customers’ funds, we will temporarily suspend bitcoin deposits, withdrawals, and buy/sell starting approximately 4 hours before activation of either fork.

• If you currently have bitcoin in your Coinbase account, and do not wish to have access to UAHF coins or have immediate access to your bitcoin, you are not required to take any action.

• If you wish to have access to UAHF coins or you wish to have immediate access to your bitcoin, you should send your bitcoin from Coinbase to your external address by July 31.

For more information on how to send bitcoin from your Coinbase account, please refer to this article: https://support.coinbase.com/customer/portal/articles/971437.

Thank you,

Coinbase Team

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Jim/Bill,

“Holy Cell/Sell Batman”.

Holy-Cow-Batman-Mobile-Media-Revenue-to-Approach-380-Billion-by-2018

This ought to go over well. May trigger something bigger than a drop in Apple. After all, markets are all tied together.

Like Dominos.

But wait…….2018 is still OK!

CIGA Wolfgang Rech

JPM Slashes iPhone Sales Forecasts: Expects Only 2MM Units Sold In September Vs 9MM Previously
July 19, 2017

With the launch of the iPhone 8 just around the corner, sellside analysts are scrambling to revise their forecasts and position themselves “correctly” ahead of what will be the most anticipated new event in recent Apple history. In that context, JPM’s Rod Hall today updated his projections of how he envisions the upcoming launch will look, stating that he now expects a slower OLED production start, and adding that JPM is reducing its iPhone Pro volume expectation “to reflect data points we have been picking up since late May related to a slower production start for the flagship OLED phone.” In doing so JPM has slashed its September iPhone sales forecast from 9 million to just 2 million, and its Q4 sales forecast from 49.5 million to 42.2 million.

Specifically, Hall writes that “various data points post our initial March 26 “Super-cycle Me” report support a slower start to production of the OLED iPhone. In our original model we had forecast 9m units sold in September, and we now reduce that number to ~2m units. We increase our FY18 unit forecasts by about the same amount to reflect time-shifted demand.”

Some other forecast revisions from JPM:

New iPhone shipments estimate: Our total iPhone shipments estimate for FQ4 is now 42.2m, reduced from our prior 49.5m forecast. Our FY18 iPhone shipments estimate is now 270.2m, up from our previous estimate of 262.9m.

Assuming higher iPhone ASP: We are increasing our ASP assumption for the iPhone Pro by $100 to $1,100 as we believe production costs are slightly higher than we had originally anticipated. We also believe that the higher ASP is a critical demand control variable for a new tier of iPhone.

New iPhone ASP estimate: We reduce our blended iPhone ASP estimate for FQ4 to $629 from $681 due to a lower mix of iPhone Pros. Our FY18 iPhone ASP estimate increases to $759 from $717 consistent with our ASP and mix changes.

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