The Daily Debt Rattle

Submitted by Raúl Ilargi Meijer  –  The Automatic Earth

• Contracting US Industrial Output Associated With Onset Of A Recession (WSJ)
• “We Frontloaded A Tremendous Market Rally” Former Fed President Admits (ZH)
• “It’s A Really Messy Start To The Year” For Markets (BBG)
• Saudis Slash European Oil Prices as Middle East Tensions Grow (WSJ)
• Saudi Arabia Hikes Domestic Gas Prices By 50% Amid Budget Cuts (CNN)
• Spread Between Onshore, Offshore Yuan Widest Since September 2011 (Reuters)
• Dow Futures Off 170 Points, Yuan Falls To 5-Year Low, PBOC Loses Control (ZH)
• China’s Terrible Start to 2016 Has Beijing Fighting Market Fires (BBG)
• China’s Strategic Reserve Board Is Buying Up More Copper
• Foreign Banks In China Could Face Curbs If They Snub Gold Benchmark (Reuters)
• UK Consumer Lending Growing At Fastest Rate In A Decade (Ind.)
• Sanders Vows To Break Up Banks During First Year In Office (AP)
• Note To Sanders: Forget The Octopus Arms … Go For The Head (Rossini)
• Volkswagen Struggling To Agree On Fix For US Test Cheating Cars (Reuters)
• Volkswagen’s American Nightmare (BV)
• My Financial Road Map For 2016 (Nomi Prins)
• December 2015 Was Wettest Month Ever Recorded In UK (Guardian)
• Refugees In Lesbos: Are There Too Many NGOs On The Island? (Guardian)
• Refugees: EU Resettles Just 0.17% Of Pledged Target In Four Months (Guardian)
• Turkish Authorities Find Bodies Of 34 Refugees, Search For Survivors (Reuters)