The Daily Debt Rattle

Submitted by Raúl Ilargi Meijer  –  The Automatic Earth

• “This Is The Worst Global Dollar GDP Recession In 50 Years” (ZH)
• New Year’s Hangover For Wall Street: Earnings Season Misery (MarketWatch)
• China’s Factories In The Grip Of Longest Contraction In Six Years (Ind.)
• How a Turbulent Year Derailed China’s Reform (WSJ)
• Chinese State-Owned Finance Firm Goes Global To Raise Funds (SCMP)
• 2015: Peak Cognitive Dissonance (Noland)
• Bank of Greece Governor Warns on Measures as Tsipras Defiant on Pensions (BBG)
• UK Homeowners Count The Cost As Floods Force Prices To Plummet (Observer)
• US Midwest Calls In National Guard As Flood Disaster Unfolds
• Iran’s Leader Vows ‘Divine Vengeance’ Over Cleric’s Execution In Saudi (R/AFP)
• Expect More Weasel Words Over Saudi Arabia’s Grotesque Butchery (Robert Fisk)
• Cuba Santeria Priests See Explosive Migration, Social Unrest In 2016 (Reuters)
• Refugees At UK Military Base In Cyprus Trapped In Asylum ‘Limbo’ (Guardian)
• Drowned Toddler Becomes Europe’s First Refugee Casualty Of 2016 (AFP)