The Daily Debt Rattle

Submitted by Raúl Ilargi Meijer  –  The Automatic Earth

• If It Owns a Well or a Mine, It’s Probably in Trouble (NY Times)
• Credit Card Data Reveals First Core Retail Sales Decline Since Recession (ZH)
• America’s Middle Class Meltdown (FT)
• Chinese Devaluation Is A Bigger Danger Than Fed Rate Rises (AEP)
• China Swallows Its Mining Debt Bomb (BBG)
• China’s Plan to Merge Sprawling Firms Risks Curbing Competition (WSJ)
• Billions of Barrels of Oil Vanish in a Puff of Accounting Smoke (BBG)
• Bond King Gets Antsy as Junk Bonds, Which Lead Stocks, Spiral to Heck (WS)
• Banks Buy Protection Against Falling Stock Markets (BBG)
• Dividends Could Be the Next Victim of the Commodity Crunch (BBG)
• Copper, Aluminum And Steel Collapse To Crisis Levels (CNN)
• US Companies Turn To European Debt Markets (FT)
• Italy Needs a Cure for Its Bad-Debt Headache (BBG)
• Swiss to Give Up EVERYTHING & EVERYBODY (Martin Armstrong)
• Trump’s ‘Undesirable’ Muslims of Today Were Yesteryear’s Greeks (Pappas)
• It’s Too Late to Turn Off Trump (Matt Taibbi)
• War Is On The Horizon: Is It Too Late To Stop It? (Paul Craig Roberts)
• Greek Police Move 2,300 Migrants From FYROM Border To Athens (Kath.)