The Daily Debt Rattle

Submitted by Raúl Ilargi Meijer  –  The Automatic Earth

 

• The $289 Billion Wipeout That Blindsided US Bulls (BBG)
• A Stock Market Crash Of 50%+ Would Not Be A Surprise (BI)
• Bank of America Thinks The Probability Of A Chinese Crisis Is 100% (ZH)
• China Injects $20 Billion Into Markets, Hints At Curbs On Share Sales (Reuters)
• China Said to Intervene in Stock Market After $590 Billion Rout (BBG)
• China Rail Freight Down 10.5% In 2015, Biggest Ever Annual Fall (Reuters)
• China Could ‘Spook’ Global Markets Again in 2016: IMF Chief Economist (BBG)
• Supermines Add to Supply Glut of Metals (WSJ)
• Debt Payments Set To Balloon For Detroit Public Schools (DN)
• New Year Brings Financial Headache For Millions Of British Families (Guardian)
• Brazil Heads for Worst Recession Since 1901 (BBG)
• Volkswagen Faces Billions In Fines As US Sues In Emissions Scandal (Reuters)
• Portugal’s Bank Bail-In Sets a Dangerous Precedent (BBG)
• Russia Stands Up To Western Threats, Pivots To East (Xinhua)
• Will US Fall For Saudi’s Provocation In Killing Of Shia Cleric? (Reuters)
• Pretend to the Bitter End (Jim Kunstler)
• Fortress Scandinavia Sinks Into Blame Game Over Refugee Crisis (BBG)
• Bodies Of Four Migrants Found In Eastern Aegean (Kath.)
• Nine Drowned Refugees Wash Up On Turkish Beach (AP)