Credit Bubble Bulletin
Presented by Doug Noland since 2012
Credit Bubble Daily
[Yahoo/Bloomberg] Nasdaq Gains as Alibaba Spurs Tech Optimism: Markets Wrap
[Yahoo/Bloomberg] Gold Set to Notch Eighth Weekly Advance on Solid Haven Demand
[Yahoo/Bloomberg] Japan Yields Fall as Ueda Warns BOJ Can Step In to Smooth Market
[Yahoo/Bloomberg] Markets Are Complacent on Euro as German Vote Raises Parity Risk
[AP] Senate Republicans approve budget framework, pushing past Democratic objections after all-night vote
[Yahoo/Reuters] Analysis-Why Trump has thrown VAT into the trade stand-off
[Yahoo/Bloomberg] Trump’s Tariff Wars Leave US Small Business With Nowhere to Hide
[Yahoo/Bloomberg] Trump Tells GOP Governors Their Political Futures Depend on Him
[Yahoo/Bloomberg] Mexico’s Economy Posts Biggest Quarterly Decline Since 2021
[Yahoo/Bloomberg] PBOC Injects Most Short-Term Funds This Month Amid Cash Crunch
[Yahoo/Bloomberg] Japan’s Inflation Accelerates, Keeping BOJ on Rate Hike Path
[Reuters] BOJ isn't fretting much about rising bond yields - for now
[CNBC] How DeepSeek used distillation to train its artificial intelligence model, and what it means for companies such as OpenAI
[Bloomberg] China Raises Concern Over US Tariffs in First Call With Bessent
[Bloomberg] Wall Street Pushes Back on Tough Margin Rule for Zero-Day Options
[Bloomberg] China’s Liquidity Crunch Extends Even as PBOC Injects Cash
[NYT] When Germany Votes, It Will Be About the Economy
[WSJ] Musk Looks at Auditing the Federal Reserve
[WSJ] Trump Is Planning to Take Control of the Postal Service, Officials Say
[WSJ] BOJ’s Ueda Vows to Respond to Abnormal Bond Yield Rise
[WSJ] Russia Wants to Erase Ukraine’s Future—And Its Past
[WSJ] A Look at the Ukrainian Minerals That Trump Wants
[FT] Elon Musk sets up clash with Republican deficit hawks over ‘Doge dividend cheques’
[FT] Japan warns over threat from China’s chip material export controls
[FT] Eurozone activity stagnates as price pressures prove sticky
[Yahoo/Bloomberg] Nasdaq Gains as Alibaba Spurs Tech Optimism: Markets Wrap
[Yahoo/Bloomberg] Gold Set to Notch Eighth Weekly Advance on Solid Haven Demand
[Yahoo/Bloomberg] Japan Yields Fall as Ueda Warns BOJ Can Step In to Smooth Market
[Yahoo/Bloomberg] Markets Are Complacent on Euro as German Vote Raises Parity Risk
[AP] Senate Republicans approve budget framework, pushing past Democratic objections after all-night vote
[Yahoo/Reuters] Analysis-Why Trump has thrown VAT into the trade stand-off
[Yahoo/Bloomberg] Trump’s Tariff Wars Leave US Small Business With Nowhere to Hide
[Yahoo/Bloomberg] Trump Tells GOP Governors Their Political Futures Depend on Him
[Yahoo/Bloomberg] Mexico’s Economy Posts Biggest Quarterly Decline Since 2021
[Yahoo/Bloomberg] PBOC Injects Most Short-Term Funds This Month Amid Cash Crunch
[Yahoo/Bloomberg] Japan’s Inflation Accelerates, Keeping BOJ on Rate Hike Path
[Reuters] BOJ isn't fretting much about rising bond yields - for now
[CNBC] How DeepSeek used distillation to train its artificial intelligence model, and what it means for companies such as OpenAI
[Bloomberg] China Raises Concern Over US Tariffs in First Call With Bessent
[Bloomberg] Wall Street Pushes Back on Tough Margin Rule for Zero-Day Options
[Bloomberg] China’s Liquidity Crunch Extends Even as PBOC Injects Cash
[NYT] When Germany Votes, It Will Be About the Economy
[WSJ] Musk Looks at Auditing the Federal Reserve
[WSJ] Trump Is Planning to Take Control of the Postal Service, Officials Say
[WSJ] BOJ’s Ueda Vows to Respond to Abnormal Bond Yield Rise
[WSJ] Russia Wants to Erase Ukraine’s Future—And Its Past
[WSJ] A Look at the Ukrainian Minerals That Trump Wants
[FT] Elon Musk sets up clash with Republican deficit hawks over ‘Doge dividend cheques’
[FT] Japan warns over threat from China’s chip material export controls
[FT] Eurozone activity stagnates as price pressures prove sticky
[Yahoo/Bloomberg] Stocks Slip; Gold Hits Fresh Record High: Markets Wrap
[Yahoo/Bloomberg] US Rate Volatility Craters as Tariff-Wary Bond Traders Pull Back
[Yahoo/Bloomberg] Yen Advances Past 150 per Dollar as BOJ Rate-Hike Bets Ramp Up
[Yahoo/Bloomberg] Oil Holds Gain With Focus on US Stockpiles, Supply Uncertainty
[AP] Sightly more Americans apply for unemployment benefits last week, but layoffs remain relatively low
[Yahoo/Reuters] Analysis-'Stagflation' fears haunt US markets despite Trump's pro-growth agenda
[Yahoo/Bloomberg] Bessent Says US ‘Long Way’ From Boosting Longer-Term Debt Sales
[Reuters] Morning Bid: Trade and Ukraine tensions mount, with Fed twist
[Axios] Trump's first month turns U.S. foreign policy upside down
[Yahoo/Bloomberg] Trump Turns on Zelenskiy, Leaving Ukraine Few Options Amid War
[Politico] Trump’s Zelenskyy tirade proves too much for European leaders to stomach
[Yahoo/Bloomberg] Trump Says New China Trade Deal ‘Possible’ Despite Tensions
[Yahoo/Bloomberg] Japan’s Food Inflation Is Becoming Harder for BOJ to Overlook
[CNBC] Who is Friedrich Merz, the favorite to become Germany’s new chancellor?
[Guardian] The US and Europe are at a crossroads. A new world order is emerging
[Bloomberg] Morgan Stanley Sees Tough Road for Trump Deals With China, India
[Bloomberg] Stagflation Is Poised for a Comeback
[Bloomberg] Fund Giant BlackRock Is Out to Unite Public and Private Markets
[Bloomberg] Trump Slams Brakes on East European Rally as Peace Deal in Doubt
[NYT] Clean Energy Was Lifting Manufacturing. Now Investment Is in Jeopardy.
[WSJ] How Tariffs Could Shock America’s Power System
[WSJ] Trump’s Attack on Zelensky Signals New World Order Taking Shape
[WSJ] Trump’s Anti-Zelensky Comments Caught GOP Off Guard
[WSJ] ECB Monitoring Financial Deregulation in U.S. With ‘Concern’, Says Rehn
[FT] Will the bond market rein in Donald Trump?
[FT] US objects to calling out ‘Russian aggression’ in G7 statement on Ukraine
[FT] German election 2025: Who’s ahead in the polls?
[Yahoo/Bloomberg] Stocks Rally Stalls as Trump Threatens 25% Tariffs: Markets Wrap
[Reuters] Tariff threats pave way to safe-haven gold's all-time high
[Reuters] Oil edges higher on supply concerns while market seeks peace talks clarity
[Yahoo/Reuters] Fed concerns rise as tariff threats ratchet higher and wider
[Yahoo/Reuters] US single-family housing starts tumble in January
[CNBC] Weekly mortgage demand drops 6%, as homebuyers remain ‘on the fence’
[AP] A deeper look at the talks between US and Russian officials as Trump suggests Ukraine is to blame
[AP] Trump is living in a Russian-made ‘disinformation space,’ says Ukraine’s Zelenskyy
[Yahoo/Bloomberg] Trump Tightens Grip on Bank, M&A Regulators in Latest Order
[AP] Arctic air sweeping south over Plains shatters record temperatures in North Dakota
[Reuters] Major risks loom as Trump upends US Russia policy
[Yahoo/Bloomberg] Nikola goes bankrupt, punctuating EV maker’s wild ride
[Yahoo/Bloomberg] New Zealand to Slow Pace of Easing After Third Big Rate Cut
[Yahoo/Bloomberg] Sports Debt Expected to Be Newest Collateral for Securitizations, Academy Says
[Yahoo/Bloomberg] UK Inflation at 10-Month High as VAT Hits Private Schools
[Yahoo/Bloomberg] ECB Nears Point of Pausing or Halting Cuts, Schnabel Says
[Reuters] China's new home prices stagnate in January as demand struggles
[Yahoo/Reuters] China's top financial regulator vows stable credit supply to private firms
[AP] Brazil’s former President Bolsonaro charged over alleged coup that included a plan to poison Lula
[Bloomberg] Private Credit Is the Hot New Thing on Wall Street. But What Is It?
[Bloomberg] An Investor’s Guide to Joining the Exclusive Private Credit Party
[Bloomberg] What Happens When Private Credit Loans Get in Trouble
[Bloomberg] ECB Warns Bank Lending for Risk Swaps Can Hide Dangers in System
[NYT] Struggle Over Americans’ Personal Data Plays Out Across the Government
[WSJ] Trump Signs Order That Seeks White House Control Over Independent Agencies
[WSJ] Europe Flails for Response After Trump Blames Kyiv for Ukraine War
[WSJ] BOJ’s Takata Calls for Gradual Rate Hikes, Sees Upside Risks to Prices
[FT] Donald Trump considers 25% tariff on imported cars
[FT] Donald Trump signals Ukraine to blame for war
[FT] Donald Trump signals Ukraine should hold elections as part of Russia peace deal
[FT] China’s holdings of US Treasuries fall to lowest level since 2009
[FT] Bond investors brace for Europe’s defence spending ‘bazooka’
[FT] ECB’s Schnabel calls for debate on ‘halt’ to rate cuts
[FT] EU agrees new Russia sanctions in the face of US push to end Ukraine war
[Yahoo/Bloomberg] Stocks Rise on US-Russia Talks to End Ukraine War: Markets Wrap
[Yahoo/Bloomberg] Treasury yields climb as traders seek further clues on Fed path
[Yahoo/Bloomberg] China Bond Selloff Deepens on Cash Squeeze, Stocks Optimism
[Yahoo/Bloomberg] Oil Steadies With Focus on Ukraine Talks and OPEC+ Output Plans
[Yahoo/Bloomberg] BofA Survey Shows Investors Haven’t Been This Risk-On Since 2010
[AP] Top Russian and US officials discuss improving ties and ending the Ukraine war — without Kyiv
[Yahoo/Bloomberg] Trump and Putin Teams Meet in Saudi With Europe Sidelined
[Yahoo/Bloomberg] BOE’s Bailey Says Trump Tariffs Cause Unwelcome Bond Volatility
[AP] Republicans consider cuts and work requirements for Medicaid, jeopardizing care for millions
[Reuters] Australia's central bank cuts rates, cautious on further easing
[AP] What is a polar vortex? US gets a taste of the Arctic this week
[Yahoo/Reuters] Exclusive-Chinese lithium company halts tech exports as trade tensions build
[Yahoo/Bloomberg] Xi’s Embrace of China Tech CEOs Spurs Hope of Big Economic Shift
[Yahoo/Bloomberg] DeepSeek in Running to Power China Weather Agency’s Forecasts
[AP] Top Russian and American officials will hold talks on ending the Ukraine war without Kyiv
[AP] Israel’s ceasefires with Hezbollah and Hamas are both in doubt again
[Bloomberg] The World’s Most Important Market Sends a Warning
[Bloomberg] Authers: There's No Template for the Shock Europe Just Got
[Bloomberg] Ever-Evolving Trade War Is a Recipe for Disaster
[Bloomberg] Anti-Americanism Is Gaining New Life in Latin America
[NYT] Can the Fed Look Past Trump’s Tariffs?
[NYT] Republicans Want Lower Taxes. The Hard Part Is Choosing What to Cut.
[NYT] Top Social Security Official Leaves After Musk Team Seeks Data Access
[WSJ] Fed’s Waller Says Policy Uncertainty Shouldn’t Dissuade More Rate Cuts
[FT] Peter Navarro: a loyal general returns to wage Donald Trump’s trade wars
[FT] US and Russia agree to ‘lay the groundwork’ for ending Ukraine war
[FT] US-Russia talks spark European fears of Ukraine settlement on Putin’s terms
[FT] European countries clash over sending troops to Ukraine
[Yahoo/Bloomberg] Europe Defense Spending Lifts Stocks, Bond Yields: Markets Wrap
[Yahoo/Bloomberg] Gold Advances on Mounting Anxiety Over Trump Tariff Plans
[Yahoo/Bloomberg] Oil steadies with OPEC+ considering delay of April output hikes
[Axios] Democrats play blame game with GOP on looming government shutdown
[Yahoo/Reuters] Germany at particular risk from US tariffs, Bundesbank warns
[Reuters] Russia rules out territorial concessions on eve of talks with Trump team
[CNBC] Europe clambers to form Ukraine plan as U.S. forges ahead with Russia on peace talks
[Yahoo/Bloomberg] China Says Stable Yuan Key to World Economy Hit by Strong Dollar
[Yahoo/Reuters] China's Xi meets with private business leaders in Beijing
[Reuters] German voters demand change as Europe's biggest economy stalls
[Bloomberg] European Bonds Face Selling Pressure as Defense Spend Fears Grow
[Bloomberg] Trump’s Phone Call With Putin Is Causing a Stir in Taiwan
[NYT] From Japan, a Hard Lesson About a Weak Currency
[WSJ] U.S. Gears Up for Highest-Profile Russia Talks Since Ukraine Invasion
[WSJ] Investors Spot Signs of Market Froth During Long Bull Market
[WSJ] The New Plan for Western Companies Is ABC: ‘Anything But China’
[WSJ] How DeepSeek’s Lower-Power, Less-Data Model Stacks Up
[FT] Soaring gold becomes top ‘Trump trade’
[FT] US companies falling behind on loans at fastest pace in almost a decade
[FT] US and Russian officials to meet in Saudi Arabia
[FT] Vance’s real warning to Europe
[FT] Xi Jinping meets China’s business titans including Alibaba’s Jack Ma
[FT] China’s unspoken question: who will succeed Xi Jinping?
Q4 Review - 2023 Preview
Thursday, January 19, 2023 – 4:00pm Eastern / 2:00pm Mountain
David McAlvany
Doug Noland
Credit Bubble Weekly
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