The Daily Debt Rattle

Submitted by Raúl Ilargi Meijer  –  The Automatic Earth

When It Rains It Pours as China Unleashes Commodity Torrent (BBG)
Oil Producers Prepare For Prices To Halve To $20 A Barrel (Guardian)
Anglo American To Slash Workforce By 85,000 Amid Commodity Slump (Guardian)
OPEC Provides Economic Stimulus Central Bankers Can’t or Won’t (BBG)
Copper Meltdown Burning Miners Is Boon to Builders as Costs Sink (BBG)
Iron Ore in $30s Seen Near Tipping Point for Largest Miners (BBG)
Emerging Markets Warned of Capital Drought as Fed Nears Liftoff (BBG)
China’s Illicit Outflows Estimated at $1.4 Trillion Over Decade (BBG)
The IMF Forgives Ukraine’s Loan To Russia (Michael Hudson)
Tension Grows Between Tsipras, Schaeuble Over IMF Role In Greek Program (Kath.)
Schaeuble Fights EU Deposit Insurance Plan in Clash With ECB (BBG)
Australian Police Raid Sydney Home Of Reported Bitcoin Creator (Reuters)
Australian Housing Boom Leaves Swath of Empty Properties (BBG)
Germany Takes In More Refugees In 2015 Than US Has In Past 10 Years (Quartz)
How Germany’s Right-Wing Tabloid Bild Learned to Love Refugees (BBG)
6 Afghan Migrant Children Drown Off Turkish Coast On Way To Greece (AP)
11 Refugees, Including 5 Children, Drown Near Greek Island, 13 Missing (GR)