The Daily Debt Rattle

Submitted by Raúl Ilargi Meijer  –  The Automatic Earth

• China Has Reached ‘Peak Debt’ (David Stockman)
• Manufacturing in US Unexpectedly Shrinks Most Since June 2009 (BBG)
• 7 Years After The Crisis, Britain Is Still Addicted To The Drug Of Debt (Ind.)
• British Workers Will Have Worst Pensions Of Any Major Economy (Guardian)
• Volkswagen US Sales Plunge 25%, S&P Cuts Rating (AP)
• Piketty: Inequality Is A Major Driver Of Middle Eastern Terrorism (WaPo)
• Saudi Arabia Accounted For 75% Of Value Of Official Gifts To US In 2014 (ITP)
• Saudi Arabia’s Campaign To Charm US Policymakers And Journalists (Intercept)
• Pope Orders Unprecedented Audit of Vatican Wealth (BBG)
• China Needs More Users For ‘Freely Usable’ Yuan After IMF Nod (Reuters)
• A Reserve Currency Brings Boom and Busts (BBG)
• ‘Sound Finance’? The Logic Behind Running A Budget Surplus (Steve Keen)
• Greece Threatened With Schengen Expulsion Over Refugee Response (FT)
• Denmark To Vote On More Or Less EU (EUObserver)
• Merkel Accused In Germany Of Kowtowing To Erdogan (EurActiv)
• Turkish Military Says Secret Service Shipped Weapons To Al-Qaeda (AM)
• Russia Wants To Stop ISIS’ Illegal Oil Trade With Turkey (RT)
• Turkish Stream Gas Pipeline Freezes (Reuters)
• Puerto Rico’s Financial Crisis Just Got More Serious (WaPo)
• Human Rights Watch Demands US Criminal Probe Of CIA Torture (Reuters)
• 4-Year Old Girl Drowns As Refugee Boat Tries To Reach Greek Shores (Kath.)