The Daily Debt Rattle

Submitted by Raúl Ilargi Meijer  –  The Automatic Earth

• US Crude Inventories Are The Highest Since the 1930s (ZH)
• Chart Going Back To 1861 Shows Oil Isn’t Insanely Cheap Right Now (MW)
• Why the Fed Has the Stock Market Spooked (WSJ)
• China Shares Flounder Again, But ‘Real Economy’ Sound Says State Media (Reuters)
• China’s Central Bank Makes Most Massive Cash Infusion In 3 Years (WSJ)
• China Sharpens Efforts to Halt Money Outflow (WSJ)
• Hysteria Over China Has Become Ridiculous (AEP)
• Yuan Bears Denounced as Delusional, Doomed by China State Media (BBG)
• China’s 2016 Stock Losses Rise To $1.8 Trillion (Reuters)
• China’s Smartphone Slump Bites Apple (WSJ)
• Xi Urges Sound Planning For Supply-Side Structural Reform (Xinhua)
• Pay Attention To Long-Term Debt Cycle (Ray Dalio)
• The EU’s Banking Union: A Recipe For Disaster (Thomas Fazi)
• EU’s Too-Big-to-Fail Bank Bill Won’t Be Withdrawn (BBG)
• Five of Six Brokers in Libor Trial Are Acquitted by London Jury (BBG)
• EU Says Greece ‘Seriously Neglected’ Schengen Border Duties (Kath.)
• Sweden To Expel Up To 80,000 Rejected Asylum Seekers (Guardian)
• European Commission in 2013: Refugee Push-Backs Are Illegal (EURActiv)
• Europe Faces Another Million Refugees This Year: UN (BBG)
• Refugee Boat Sinks Off Greek Island; 7 Bodies Recovered (AP)