The Daily Debt Rattle

Submitted by Raúl Ilargi Meijer  –  The Automatic Earth

• China Manufacturing Shrinks At Fastest Rate For Over 3 Years (Reuters)
• Mid-Tier Chinese Banks Piling Up Trillions Of Dollars In Shadow Loans (Reuters)
• US Hedge Funds Mount New Attacks on China’s Yuan (WSJ)
• China’s Steel Sector Hit By Growing Losses (FT)
• Athens And Rome Expose Europe’s Greatest Faultlines (Münchau)
• Euro-Area Factories Cut Prices as Deflation Risks Loom Large (BBG)
• Nigeria Asks For $3.5 Billion In Global Emergency Loans (FT)
• Why Miners Have it Worse Than Oil Producers (BBG)
• Saudis Told To Embrace Austerity As Debt Defaults Loom (Tel.)
• 1 Million Investors Lose $7.6 Billion In China Online Ponzi Scheme (Reuters)
• The West Is Reduced To Looting Itself (Paul Craig Roberts)
• US, UK-Backed Saudi War & Blockade Cause Mass Starvation In Yemen (Salon)
• Europe Chokes Flow of Refugees to Buy Time for a Solution (WSJ)
• German Police ‘Should Shoot At Migrants’, Populist Politician Says (BBC)
• UK Labour MP Compares Cologne Attacks To Birmingham Night Out (Tel.)
• The EU Must Reassert Humane Control Over Chaos Around The Mediterranean (UN)