The Daily Debt Rattle

Submitted by Raúl Ilargi Meijer  –  The Automatic Earth

• China’s Slump Might Be Much Worse Than We Thought (Bloomberg) 
• China Burns Much More Coal Than Reported (NY Times) 
• Investors Are Way More Scared of China Than of Janet Yellen (Bloomberg) 
• Corporate Debt in China: Above Cruising Altitude (CEW) 
• A 127-Year-Old US Industry Collapses Under China’s Weight (Bloomberg) 
• Xi Says China Needs at Least 6.5% Growth in Next Five Years (Bloomberg) 
• China’s Xi Says 6.5% Annual Growth Enough To Meet Goals: Xinhua (AFP) 
• China’s Money Exodus (Bloomberg) 
• Standard Chartered’s Bad Loans Reveal Cracks in Asian Economies (Bloomberg) 
• VW Admission Suggests Cheats Went Much Further Than Diesel Emissions (Guardian) 
• VW Emissions Issues Spread to Gasoline Cars (Bloomberg) 
• VW Says Fuel Usage Understated On Some Models; Porsche Warns (Reuters) 
• Hugh Hendry: “Today We Would Advise You That You Don’t Panic!” (Zero Hedge) 
• Hugh Hendry Says “Don’t Panic”; Paul Singer Says You May Want To (Zero Hedge)
• Europe’s Biggest Banks Are Cutting 30,000 Jobs, More To Come (Bloomberg) 
• Wall Street/Washington Revolving Door More Dangerous Than Ever: Prins (Yahoo) 
• Gathering Financial Storm Just One Effect Of Corporate Power Unbound (Monbiot) 
• Merkel Warns Of Balkans Military Conflicts Amid Migrant Influx (AFP) 
• European Union States Have Relocated Just 116 Refugees Out Of 160,000 (Guardian) 
• Greek Coast Guard Says 5 Refugees Die In Boat Accident Tuesday Night (AP)