MARKET NEWS / CREDIT BUBBLE DAILY

Monday, August 23, 2021

MARKET NEWS / CREDIT BUBBLE DAILY
Monday, August 23, 2021
Doug Noland Posted on August 22, 2021

[Yahoo/Bloomberg] Stocks Climb; Dollar Dips With Treasuries: Markets Wrap

[Yahoo/Bloomberg] China Tech Shares Stage Rebound After Five-Week Selloff

[CNBC] Gold gains on dollar retreat, Delta risks

[Reuters] Delta variant, having put kibosh on Fed event, begins to menace recovery

[Yahoo/Bloomberg] Jerome Powell’s Policy Revolution Was Blindsided by Covid-19

[CNBC] Fast-food wages climbed 10% in latest quarter, the largest jump in years, report says

[Yahoo/Bloomberg] Treasury Bears Redeemed as Citi, Michael Burry See Higher Yields

[Yahoo/Bloomberg] Henri Causes Flooding, Power Outages After Depression Downgrade

[Yahoo/Bloomberg] Evergrande Shareholder Exodus Quickens as EV Unit Drops 27%

[Yahoo/Bloomberg] China Huarong Asset Management Ratings Cut by Moody’s

[Reuters] Japan’s private-sector activity hit by COVID-19 surge – PMI

[Reuters] UK factories report worst shortage of stocks on record – CBI

[Reuters] Firefight involving Western forces erupts amid Kabul airport evacuation chaos

[Yahoo/Bloomberg] Taliban Warns U.S. Over Delaying Withdrawal: Afghanistan Update

[Reuters] Analysis: China, Pakistan, India jockey for position in Afghanistan’s new Great Game

[Bloomberg] Xi Doubles Mentions of ‘Common Prosperity,’ Warning China’s Rich

[Bloomberg] China Regulator Halts 42 IPOs on Probe of Broker, Law Firm

[NYT] Biden and the Fed Wanted a Hot Economy. There’s Risk of Getting Burned.

[WSJ] Mackintosh: What We Still Don’t Know About the Fed’s Bond-Buying Spree

[WSJ] New Appetite for Mortgage Bonds That Sidestep Fannie and Freddie

[WSJ] Iron-Ore Prices Tank as China’s Steel Output Slows

[FT] China warns thousands of officials over links with businesses

[FT] Trading conditions in $22tn Treasury market worsen ahead of Jackson Hole

[FT] El-Erian: Why Jay Powell should be bold at Jackson Hole

[FT] Global economic data disappointments add to rising growth angst

[FT] Executives warn of growing container ship shortages

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