The Daily Debt Rattle

Submitted by Raúl Ilargi Meijer  –  The Automatic Earth

• Fresh Wave Of Selling Engulfs Oil And Metals Markets (FT)
• Fed Officials Lay Case For December Liftoff (Reuters)
• China Banks’ Troubled Loans Hit $628 Billion – More Than Sweden GDP (Bloomberg)
• China’s Demand For Cars Has Slowed. Overcapacity Is The New Normal. (Bloomberg)
• China Apparent Steel Consumption Falls 5.7% From January-October (Reuters)
• China Speeds Up Fiscal Spending in October to Support Growth (Bloomberg)
• China Panics, Sends Fiscal Spending Sky-High As Credit Creation Tumbles (ZH)
• China Learns What Pushing on a String Feels Like (WSJ)
• Oil Slumps 4%, Nears New Six-Year Low (Reuters)
• OPEC Says Oil-Inventory Glut Is Biggest in at Least a Decade (Bloomberg)
• IEA Says Record 3 Billion-Barrel Oil Stocks May Weaken Prices (Bloomberg)
• Number of First-Time US Home Buyers Falls to Lowest in Three Decades (WSJ)
• Striking Greeks Take To Tension-Filled Streets In Austerity Protest (Reuters)
• Europe’s Top Banks Are Cutting Losses Throughout Latin America (Bloomberg)
• Collapsing Greenland Glacier Could Raise Sea Levels By Half A Meter (Guardian)
• EU Leaders Race To Secure €3 Billion Migrant Deal With Turkey (Guardian)
• PM Trudeau Says Canada To Settle 25,000 Syrian Refugees In Next 7 Weeks (G&M)