Credit Bubble Bulletin
Presented by Doug Noland since 2012
Credit Bubble Daily
[Axios] Congress returned after seven weeks and everything blew up
[Yahoo/Bloomberg] Trump White House prepares tariff fallback ahead of court ruling
[AP] Ukraine’s allies push back on a US peace plan seen as favoring Moscow
[Politico] Ukraine’s allies rush to counter Trump’s ‘non-starter’ peace plan
[AP] IPO market’s red-hot year has been cooled by the shutdown and more caution among investors
[Yahoo/Bloomberg] Macron, Who Called NATO Brain Dead, Warns of End to G-20
[Yahoo/Reuters] Fed's Collins: Monetary policy currently in right place, hesitant about cutting rates
[Bloomberg] Fannie, Freddie Shares Mimic Meme-Stock Mania With Wild Swings
[Bloomberg] Japan’s Takaichi Faces Market Tests From Yen to Stocks and Bonds
[Bloomberg] Five Charts Show Pressure Ramping Up on Japan’s Bonds and Yen
[Bloomberg] ECB’s Lagarde Says Monetary Policy Can’t Solve Debt Problems
[NYT] The A.I. Boom Is Driving the Economy. What Happens if It Falters?
[WSJ] Fed Divisions Show Powell Isn’t the Biggest Hurdle to a Rate Cut
[WSJ] Investors Clamor for a Peek Behind the Private Markets Curtain
[WSJ] A Wild Week in Markets Leaves Wall Street Bracing for More
[WSJ] Boston Fed President Susan Collins Sees No ‘Urgency’ for December Rate Cut
[WSJ] Latest Push for Peace Is Zelensky’s Toughest Moment Since Start of War
[FT] Kyiv’s allies insist more work is needed on US-Russian peace plan
[FT] The warning signal from bitcoin’s fall
[FT] China’s risky challenge to Japan — and the US
[Axios] Congress returned after seven weeks and everything blew up
[Yahoo/Bloomberg] Trump White House prepares tariff fallback ahead of court ruling
[AP] Ukraine’s allies push back on a US peace plan seen as favoring Moscow
[Politico] Ukraine’s allies rush to counter Trump’s ‘non-starter’ peace plan
[AP] IPO market’s red-hot year has been cooled by the shutdown and more caution among investors
[Yahoo/Bloomberg] Macron, Who Called NATO Brain Dead, Warns of End to G-20
[Yahoo/Reuters] Fed's Collins: Monetary policy currently in right place, hesitant about cutting rates
[Bloomberg] Fannie, Freddie Shares Mimic Meme-Stock Mania With Wild Swings
[Bloomberg] Japan’s Takaichi Faces Market Tests From Yen to Stocks and Bonds
[Bloomberg] Five Charts Show Pressure Ramping Up on Japan’s Bonds and Yen
[Bloomberg] ECB’s Lagarde Says Monetary Policy Can’t Solve Debt Problems
[NYT] The A.I. Boom Is Driving the Economy. What Happens if It Falters?
[WSJ] Fed Divisions Show Powell Isn’t the Biggest Hurdle to a Rate Cut
[WSJ] Investors Clamor for a Peek Behind the Private Markets Curtain
[WSJ] A Wild Week in Markets Leaves Wall Street Bracing for More
[WSJ] Boston Fed President Susan Collins Sees No ‘Urgency’ for December Rate Cut
[WSJ] Latest Push for Peace Is Zelensky’s Toughest Moment Since Start of War
[FT] Kyiv’s allies insist more work is needed on US-Russian peace plan
[FT] The warning signal from bitcoin’s fall
[FT] China’s risky challenge to Japan — and the US
[CNBC] Stocks rebound after Fed’s Williams revives December rate cut hopes: Live updates
[AP] Asian stocks track Wall Street’s drop, erasing previous day’s gains
[Yahoo/Bloomberg] Wildest Trading Day Since Tariff Shock to Test Dip Buyers’ Nerve
[Yahoo/Bloomberg] Big Tech’s Debt Binge Raises Risk in Race to Create an AI World
[CNBC] New York Fed President Williams sees room for ‘further adjustment’ to rates
[Yahoo/Fortune] Private credit deals see a rise in ‘Bad PIKs’ showing ‘cracks’ in the market for corporate debt
[CNBC] Japan announces $135 billion stimulus package, NHK reports, as Takaichi seeks to boost economy
[Yahoo/Reuters] Japan exports rise in October as slump in U.S. sales eases
[Yahoo/Bloomberg] Ukraine, European Allies Reject Key Parts of US-Russia Plan
[Axios] Trump's full 28-point Ukraine-Russia peace plan
[AP] European leaders assure Ukraine of their support after US peace plan leaves them sidelined
[Bloomberg] Why So Much Is Riding on the Data Center Boom
[Bloomberg] US Inflation-Adjusted Earnings Growth Stalls as Job Market Cools
[Bloomberg] Key Takeaways From Bloomberg’s Look at Private Equity-Backed Life Insurers
[Bloomberg] Japan’s Takaichi Rejects China Demand to Retract Taiwan Remarks
[NYT] Anxiety Over A.I. Spending Returns to Global Markets
[NYT] Three Potential Factors Behind the Market Turmoil
[NYT] The A.I. Boom Has Found Another Gear. Why Can’t People Shake Their Worries?
[WSJ] Nvidia’s Best Wasn’t Enough to Prop Up a Wobbly Stock Market
[WSJ] The Middle Class Is Buckling Under Almost Five Years of Persistent Inflation
[WSJ] The Race to Refinance Makes Mortgages More Expensive for Everyone Else
[WSJ] Japan Approves $135 Billion Stimulus Shot to Help Households, Economy
[WSJ] Trump Peace Plan Demands Major Concessions From Ukraine
[FT] Tett: Behind the AI bubble, another tech revolution could be brewing
[FT] Europe races to respond to US-Russian Ukraine peace plan
[CNBC] Stocks higher as Nvidia’s strong forecast reignites the AI trade: Live updates
[CNBC] Delayed September report shows U.S. economy added 119,000 jobs, more than expected; unemployment rate at 4.4%
[Yahoo/Bloomberg] Corporate Insiders Buying Stock Dip at Fastest Pace Since May
[Yahoo/Reuters] China imports no US soybeans for second month, Brazil arrivals up 29%
[Yahoo/Reuters] Analysis-Scramble to sell Japan sounds fiscal warning bells
[Reuters] Europeans push back at US plan that would force concessions from Ukraine
[Reuters] China’s shadow navy trains to take Taiwan
[Bloomberg] Blue Owl Money Machine Sputters in Face of Private Credit Cracks
[Bloomberg] The Risks Lurking in Wall Street’s Insurance Takeover
[Bloomberg] The US Has Japan’s Back in Any Dispute with China, Glass Says
[Bloomberg] Global Supply Chain Shocks to Cause Lasting Impacts, FedEx Says
[Bloomberg] China Weighs New Property Stimulus Package as Crisis Lingers
[Bloomberg] Xi Risks Global Blowback If China Cuts Off Rare Earths for Japan
[NYT] December Rate Cut in Doubt as Fed Fault Lines Deepen, Minutes Show
[WSJ] White House’s Ukraine Peace Plan Draws Pushback
[WSJ] China Is Priming Its People and the World for a New Pressure Campaign on Taiwan
[FT] How’s liquidity in the US life insurance sector?
[FT] Who is OpenAI’s auditor?
[CNBC] Stocks rise with Nvidia earnings ahead, S&P 500 and Dow try to snap 4-day losing streak: Live updates
[Yahoo/Reuters] Investors pull record $523 million from BlackRock's flagship bitcoin ETF
[Reuters] What Fed cut? US repo rates still high as liquidity tightens into year-end
[CNBC] Mortgage rates hit highest level in a month, pushing loan demand down 5%
[CNN] AI is about to face an enormous test. The market is already nervous
[Yahoo Finance] Nvidia’s $24B AI deal blitz has Wall Street asking questions about ‘murky’ circular investments
[Yahoo/Bloomberg] Tense Japan-China Talks Stoke Concerns Over Economic Fallout
[Reuters] Europe's banks face 'unprecedentedly high' risk of shocks, ECB warns
[AP] Russian barrage kills 20 in Ukraine city as Zelenskyy holds talks with Turkish leader
[Bloomberg] Bond Dealers Rebuff NY Fed Tool as Strains in Repo Market Build
[Bloomberg] Hedge Fund Leverage Needs Kid-Glove Handling by Regulators
[Bloomberg] JPMorgan’s Super-Sized Checks Are Blowing Away All Other Lenders
[Bloomberg] Japan’s 20-Year Bond Sale Reflects Concerns About Stimulus Plan
[Bloomberg] BOJ’s Ueda to Meet With Finance, Growth Strategy Ministers
[Bloomberg] House Prices Crash Across London’s Wealthiest Neighborhoods
[WSJ] The Crypto Trades That Amplified Gains Are Now Turbocharging Losses
[WSJ] Nvidia Results and Delayed Jobs Data Set Up Critical Test for Wall Street
[WSJ] Trump Sends Pentagon Officials to Ukraine in Effort to Restart Peace Talks
[WSJ] Netherlands Hands Back Control of Chip Maker Nexperia to Chinese Owner
[FT] Japan’s borrowing costs at highest in decades on fears of public spending surge
[FT] Hedge funds’ bets on Argentina pay off after US bailout
[FT] High-stakes budget in store for edgy UK markets
[CNBC] S&P 500 drops for a fourth day as tech shares slump, bitcoin breaks below $90,000: Live updates
[Yahoo/Bloomberg] Japan Bond Rout Deepens on Fears Over Takaichi’s Fiscal Package
[Yahoo/Bloomberg] Crypto Plunge Adds to Angst as Markets Extend Broad Retreat
[CNBC] Bitcoin briefly falls below $90,000 to lowest since April as cryptocurrency gives up 2025 gain
[Reuters] Morning Bid: Fear and caution grip markets
[Bloomberg] ‘Sell Japan’ Trade Emerges as Fiscal Worry, China Tensions Weigh
[Yahoo/Reuters] Bitcoin drops below $90,000 in sign of souring mood
[Yahoo/Reuters] Bubble or breakout? Nvidia earnings put AI boom under the microscope
[Yahoo/Reuters] No company is immune if AI bubble bursts, Google CEO Sundar Pichai says
[Reuters] As data flow revives, Fed still faces a deep policy divide
[Yahoo/WSJ] Higher Tariffs Take Toll on Global Growth, and Impact Is Set to Linger
[AP] US has warned others to avoid loans from Chinese state banks. But it’s the biggest recipient of all
[Yahoo/Bloomberg] Klarna Revenue Surges as Longer-Term Loan Book More Than Doubles
[Yahoo/Reuters] BOJ chief to hold first bilateral meeting with PM Takaichi
[Reuters] Japan warns citizens in China about safety as diplomatic crisis deepens
[Bloomberg] Japan’s Bond Rout Deepens as Fears Grow Over Takaichi’s Package
[Bloomberg] Takaichi Faces Pressure Before Ueda Meeting as Yen, Bonds Slide
[Bloomberg] US Companies Shed 2,500 Jobs as October Drew to a Close
[Bloomberg] China’s Grip on American Medicine Cabinets Grows More Entrenched
[Bloomberg] Ueda Signals BOJ Remains on Rate Hike Path After PM Meet
[Bloomberg] China Accuses Takaichi of Reviving Japan’s ‘Militarist Demons’
[Bloomberg] Russia’s Oil Flows and Prices Deepen Slide in Hit to War Funding
[NYT] The Fed Is Cutting Bank Oversight. Critics See Risks.
[NYT] High Hamburger Prices? White House Blames Biden and Migrants.
[WSJ] The ‘JPMorgan Boys’ Behind the U.S. Bailout for Argentina
[FT] Crypto market sheds $1.2tn as traders shun speculative assets
[FT] Oracle’s astonishing $300bn OpenAI deal is now valued at minus $60bn
[FT] Fund managers warn AI investment boom has gone too far
[FT] The growing problem with China’s unreliable numbers
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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