The Daily Debt Rattle

Submitted by Raúl Ilargi Meijer  –  The Automatic Earth

• Half The Country Is Either Living In Poverty Or Damn Near Close To It (AN)
• Most Americans Have Less Than $1,000 In Savings (MarketWatch)
• The Keynesian Recovery Meme Is About To Get Mugged, Part 2 (Stockman)
• Extreme Oil Bears Bet on $25, $20 and Even $15 a Barrel in 2016 (BBG)
• US Banks Hit By Cheap Oil As OPEC Warns Of Long-Term Low (FT)
• Oil Crash Is a Party Pooper as Holiday Affairs Lose Their Luster (BBG)
• New Saudi Budget Expected to Be Squeezed by Low Oil Prices (WSJ)
• OPEC Faces A Mortal Threat From Electric Cars (AEP)
• The Trouble With Sovereign-Wealth Funds (WSJ)
• China Tackles Housing Glut To Arrest Growth Slowdown (Xinhua)
• German Emissions Scandal Threatens To Engulf Mercedes, BMW (DW)
• Australia Approves Expansion of Barrier Reef Coal Terminal (WSJ)
• Japanese Court Clears Way For Restart Of Nuclear Reactors (BBG)
• On the 19th day of Christmas… [Am 19. Tag der Weihnachtszeit…] (Orlov)
• Greek Banking Sector Cut In Half Since 2008 (Kath.)
• No Further Cuts To Greek Pensions, Tsipras Tells Cabinet (Kath.)
• Donald Trump: An Evaluation (Paul Craig Roberts)
• 20 Refugees Drown; 2015 Death Rate Over 10 Human Beings Each Day (CNN)