The Daily Debt Rattle

Submitted by Raúl Ilargi Meijer  –  The Automatic Earth

• Oil Falls 3% On Surplus Worries, As US Drops Toward $27 (Reuters)
• Shell Q4 Profit Plunges as Oil’s Slump Deepens (BBG)
• Chinese Stocks in Hong Kong Fall to Global Financial Crisis Lows (BBG)
• Nikkei, Hang Seng Lead Slump In Asian Markets (CNBC)
• Recent S&P 500 Correction Appears Small in Context of History (BBG)
• World Faces Wave Of Epic Debt Defaults: Central Bank Veteran (AEP)
• Hedge Fund That Called Subprime Crisis Urges China To Devalue Yuan by 50% (BBG)
• China Is Getting Less and Less Bang for Its Credit Buck (BBG)
• China Needs a Great Economic Shift Away From Debt Fueled ‘Growth’ (Wolf)
• China Data Indicate Heavy Deflationary Pressure (Nikkei)
• What Is China’s Actual GDP? (CNBC)
• Mining Giant BHP Billiton Lowers Forecast, Investors Fear Dividend Cut (WSJ)
• Fed’s $216 Billion Treasuries Rollover Recalls Crisis Era Buying (BBG)
• ECB Plans To Order Banks To Tackle Bad Loans (Reuters)
• Varoufakis Speaks About 2015 Greece Parallel Currency Plan (Kath.)
• Greek Immigration Minister Slams Turkish Failure To Curb Refugee Flow (Kath.)
• EU To Scrap ‘First Country’ Asylum Claim Rule (FT)
• Children On Syrian Refugee Route Could Freeze To Death: UN (Reuters)
• Doctors Without Borders Says EU Worsens Refugee Crisis, Aids Smugglers (AP)
• Rate Of Refugee Arrivals In Greece Dwarfs 2015 Pace (AFP)
• More Plastic Than Fish In The Sea By 2050 (Guardian)