The Daily Debt Rattle

Submitted by Raúl Ilargi Meijer  –  The Automatic Earth

• China GDP at 25-Year Low, Long Slog Increases the Pain (WSJ)
• China Stocks Surge As GDP Triggers Expectations Of Beijing Stimulus (MW)
• The Case for Chaos in Trying to Pick Bottom of US Equity Rout (BBG)
• Big US Banks Brace For Oil Loans To Implode (CNN)
• The Fed Responds To Zero Hedge: Here Are Some Follow Up Questions (ZH)
• The North Dakota Crude Oil That’s Worth Less Than Nothing (BBG)
• China’s Hot Bond Market Seen at Risk of Default Chain Reaction (BBG)
• Chinese Shipyards See New Orders Fall by Almost Half in 2015 (BBG)
• World’s Biggest Steel Industry Shrinks for First Time Since 1991 (BBG)
• Strong China Property Data Masks Big Problem of Unsold Homes (Reuters)
• Japan Makes Plans for Pension Fund to Invest in Stocks (WSJ)
• Italy Banks Lose $82 Billion of Cheap Financing From Savers (BBG)
• Italy PM Renzi Sharpens His Rhetorical Barbs At EU (FT)
• Hollande Says France In State Of Economic, Social Emergency (BBC)
• Russia Considers Suspending Loans to Other Countries (Moscow Times)
• Worse Than 1860 (Jim Kunstler)
• End Of Europe? Berlin, Brussels’ Shock Tactic On Migrants (Reuters)
• UN Seeks Mass Resettlement Of Syrians (AP)
• Davos Boss Warns Refugee Crisis Could Become Something Much Bigger (BBG)
• German Minister Urges Merkel To Prepare To Close Borders (Reuters)