The Daily Debt Rattle

Submitted by Raúl Ilargi Meijer  –  The Automatic Earth

• This Is the Worst U.S. Earnings Season Since 2009 (Bloomberg) 
• U.S. Posts Record Deficit in Manufacturing Trade (Bloomberg) 
• German Factory Orders Unexpectedly Drop for Third Straight Month (Bloomberg) 
• America’s Labour Market Is Not Working (Martin Wolf) 
• Yellen Signals Solid Economy Would Spur December Rate Hike (Bloomberg) 
• David Stockman Explains How To Fix The World -In 7 Words- (Zero Hedge) 
• The Bear Case for China Sees PBOC Following Fed to Zero Rates (Bloomberg) 
• I’ll Eat My Hat If We Are Anywhere Near A Global Recession (AEP) 
• VW Could Face Billions In Car Tax Repayments Over Latest CO2 Scandal (Guardian) 
• VW Scandal Widens Again as India Says Vehicles Exceeded Emission Rules (BBG) 
• Germany Ups Pressure On VW As Scandal Takes On New Dimension (Reuters) 
• VW Emissions Scandal Still Obscured By A Cloud (Guardian) 
• Germany To Retest VW Cars As Scandal Pushes Berlin To Act (Reuters) 
• Basque Secessionists Follow Catalans In Push For Independence (Guardian) 
• US Presses Europe To Take Steps To Reduce Greece’s Debt Burden (Bloomberg) 
• Fannie, Freddie May Need To Tap Treasury, FHFA Director Says (MarketWatch) 
• Maersk Line to Cut 4,000 Jobs as Shipping Market Deteriorates (WSJ) 
• 2015 Million Mask March: Anonymous Calls For Day Of Action In 671 Cities (RT) 
• Merkel Overwhelmed: Chancellor Plunges Germany Into Chaos (Sputnik) 
• Merkel Reasserts Control as Rebellion Over Refugees Fades (Bloomberg) 
• Rough Seas and Falling Temperatures Fail to Stop Flow of Refugees (NY Times) 
• 800,000 ‘Illegal Entries’ To EU In 2015, Frontex Chief Says (AFP)