The Daily Debt Rattle

Submitted by Raúl Ilargi Meijer  –  The Automatic Earth

• US, EU Bond Markets Lose $270 Billion In One Day (BBG)
• US Corporate Debt Downgrades Reach $1 Trillion (FT)
• UK Call For ‘Multicurrency’ EU Triggers ECB Alarm (FT)
• Why the Euro Is A Dead Currency (Martin Armstrong)
• ‘There Cannot Be A Limit’ To Stimulus, Says ECB president Mario Draghi (AFP)
• SEC to Crack Down on Derivatives (WSJ)
• Banks Said to Face SEC Probe Into Possible Credit Swap Collusion (BBG)
• Enough Of Aid – Let’s Talk Reparations (Hickel)
• 20 Billionaires Now Have More Wealth Than Half US Population (Collins)
• OPEC Fails To Agree Production Ceiling As Iran Pledges Output Boost (Reuters)
• Germany Rebukes Own Intelligence Agency for Criticizing Saudi Policy (NY Times)
• Germany Sees EU Border Guards Stepping In For Crises (Reuters)
• EU Considers Measures To Intervene If States’ Borders Are Not Guarded (I.ie)