Credit Bubble Bulletin

Presented by Doug Noland since 2012

Credit Bubble Daily
Friday, July 11, 2025
[CNBC] Stocks fall after Trump unveils 35% tariffs on Canada starting Aug 1: Live updates [Yahoo/Bloomberg] Silver Rises to Highest Since 2011 as US Premiums Grow [Yahoo/Bloomberg] Oil Swings With Focus on Trump’s Plan for Russia, Saudi Output [AP] Trump’s 35% Canada tariff plan deepens a rift between the neighbors [Yahoo/Bloomberg] Markets Embolden Trump on Tariffs, Stoking Fear of Overreach [Axios] Wall Street may be enabling tariff policy [Axios] "Not amnesty lite": Trump's new plan for migrant worker visas [Reuters] Rubio meets China's Wang amid trade tensions, says good chance of Trump-Xi talks [Yahoo/Bloomberg] PBOC Adviser Urges $209 Billion Stimulus to Counter US Tariffs [Yahoo/Reuters] Chinese banks stumble on Beijing's consumer lending push [Reuters] UK economy shrinks again in May, raising new worries over outlook [Politico] France warns of ‘extremely worrying’ Russian activity underwater and in space [Bloomberg] Trump Threatens 35% Canada Tariff, Floats Higher Global Rate [Bloomberg] Trump’s 35% Tariff Bulldozer Tests Carney’s Strategy of Avoiding Conflict [Bloomberg] Dudley: Three Reasons the Fed Will Stand Pat on Interest Rates [Bloomberg] How US Universities Became So Vulnerable to Government Threats [Bloomberg] In Ominous Sign, Sellers Are Vanishing as US Stocks Smash Record [NYT] Are Investors Too Complacent About Tariffs and Rates Uncertainty? [NYT] Trump’s Seesawing on Tariffs Gives the World Whiplash [WSJ] Trump Doubles Down on Using Tariffs as Tool of American Power [WSJ] Trump Threatens 35% Tariff on Some Canadian Goods [WSJ] Trump’s Unsung Economic Booster: Deregulation [WSJ] Taiwan Resists China With Military Displays and History Lessons [FT] Donald Trump threatens new tariffs on Canada [FT] The return of ‘tariff man’: the week Donald Trump revived the global trade war [FT] Tett: Trump is sowing confusion in the markets [FT] How Greece came back from the brink [FT] US needs to prepare markets for the risk of a Chinese invasion of Taiwan
Friday, July 11, 2025
[CNBC] Stocks fall after Trump unveils 35% tariffs on Canada starting Aug 1: Live updates [Yahoo/Bloomberg] Silver Rises to Highest Since 2011 as US Premiums Grow [Yahoo/Bloomberg] Oil Swings With Focus on Trump’s Plan for Russia, Saudi Output [AP] Trump’s 35% Canada tariff plan deepens a rift between the neighbors [Yahoo/Bloomberg] Markets Embolden Trump on Tariffs, Stoking Fear of Overreach [Axios] Wall Street may be enabling tariff policy [Axios] "Not amnesty lite": Trump's new plan for migrant worker visas [Reuters] Rubio meets China's Wang amid trade tensions, says good chance of Trump-Xi talks [Yahoo/Bloomberg] PBOC Adviser Urges $209 Billion Stimulus to Counter US Tariffs [Yahoo/Reuters] Chinese banks stumble on Beijing's consumer lending push [Reuters] UK economy shrinks again in May, raising new worries over outlook [Politico] France warns of ‘extremely worrying’ Russian activity underwater and in space [Bloomberg] Trump Threatens 35% Canada Tariff, Floats Higher Global Rate [Bloomberg] Trump’s 35% Tariff Bulldozer Tests Carney’s Strategy of Avoiding Conflict [Bloomberg] Dudley: Three Reasons the Fed Will Stand Pat on Interest Rates [Bloomberg] How US Universities Became So Vulnerable to Government Threats [Bloomberg] In Ominous Sign, Sellers Are Vanishing as US Stocks Smash Record [NYT] Are Investors Too Complacent About Tariffs and Rates Uncertainty? [NYT] Trump’s Seesawing on Tariffs Gives the World Whiplash [WSJ] Trump Doubles Down on Using Tariffs as Tool of American Power [WSJ] Trump Threatens 35% Tariff on Some Canadian Goods [WSJ] Trump’s Unsung Economic Booster: Deregulation [WSJ] Taiwan Resists China With Military Displays and History Lessons [FT] Donald Trump threatens new tariffs on Canada [FT] The return of ‘tariff man’: the week Donald Trump revived the global trade war [FT] Tett: Trump is sowing confusion in the markets [FT] How Greece came back from the brink [FT] US needs to prepare markets for the risk of a Chinese invasion of Taiwan
Thursday, July 10, 2025
[CNBC] Stocks are little changed after Nasdaq notches new record: Live updates [Yahoo/Reuters] Oil Steady as Traders Weigh Trump’s Tariffs and Red Sea Attacks [Yahoo/Bloomberg] Japan 20-Year Bond Sale Leaves Traders in Limbo Before Election [AP] US applications for jobless benefits fall to 227,000 last week, remain at historically healthy level [Axios] GOP senators start turning against Powell [AP] Brazil will respond to Trump’s 50% tariff with ‘reciprocity,’ says da Silva [Yahoo/Bloomberg] Trump’s 50% Levy on Brazil Shows World Nothing Is Off Limits [Yahoo/Bloomberg] Trump’s BRICS Warning to India Adds New Twist to Trade Deal [Yahoo/Bloomberg] Xi Signals China May Finally Move to End Deflationary Price Wars [Reuters] South Korea holds rates, warns of 'significant' uncertainty from US tariffs [AP] Russia hits Kyiv with more missiles and drones, causing fires and injuring at least 10 [The Hill] Majorities in Canada view US as top threat, top ally: Survey [BBC] 'I can't drink the water' - life next to a US data centre [Yahoo/Bloomberg] Trump’s Tariffs Gift Lula Surprise Tailwind for 2026 Vote [Bloomberg] Goldman Warns Dollar Can Quickly Trade Like Risky Currency Again [WSJ] Trump Threatens 50% Brazil Tariff, Citing Bolsonaro Trial [WSJ] Brazil Won’t Take Orders From Trump, President Says [WSJ] Why America Still Can’t Get Disaster Alerts Right [FT] Can the Fed stay independent under Trump? [FT] US utilities plot big rise in electricity rates as data centre demand booms [FT] Carmakers and shipowners say Donald Trump’s port fees will hurt US consumers [Ft] ICE dragnet strikes terror in US immigrant communities
Wednesday, July 9, 2025
[CNBC] Stocks rise as investors monitor Trump tariff developments: Live updates [Yahoo/Bloomberg] Oil Extends Gain as UAE Signals Strong Demand for OPEC+ Barrels [Yahoo/Reuters] White House adviser Hassett emerging as serious contender for next Fed chair, WSJ reports [BBC] Trump delays tariffs as the rest of the world plays hardball [Yahoo Finance] Trump’s search for Powell’s replacement at the Fed is getting louder [Yahoo/Bloomberg] Powell’s Successor May Struggle to Deliver the Rate Cuts Trump Wants [AP] Trump’s trade blitz produces few deals but lots of uncertainty [Yahoo/Bloomberg] US mortgage applications to buy a home jump to two-year high [Yahoo/Reuters] Analysis-America's largest power grid is struggling to meet demand from AI [Axios] AI is changing the world faster than most realize [Yahoo/Reuters] China's factory-gate deflation worst in 2 years as trade war bites [Reuters] Greek ship attacked in Red Sea sinks: 4 dead, 7 rescued, 14 missing [AP] Russia batters Ukraine with more than 700 drones, the largest barrage of the war, officials say [Bloomberg] Copper Market in Turmoil as Trump Touts 50% Tariff on US Imports [Bloomberg] Deep In a Fiscal Hole, Congress Just Keeps Digging [NYT] Bessent Steps Up Criticism of Fed as Auditions for Chair Intensify [NYT] Trump Didn’t Always Tout Tariffs. Now He Sees Them as a Way to Flex Power. [WSJ] Two Kevins Battle to Be Next Fed Chair in Trump’s ‘Apprentice’-Style Contest [WSJ] Trump Delayed Reciprocal Tariffs After Bessent Wanted More Time on Deals [WSJ] Increased Hedging of U.S. Exposure by Foreign Investors May Weaken Dollar, BOE Says [WSJ] Trump Calls Out the Putin Charade [WSJ] China’s Downward Price Pressures Stayed Elevated in June [WSJ] ECB Should Prepare for More Volatile Price Pressures, Bundesbank’s Nagel Says [FT] Investors shrug off Donald Trump’s 200% tariff threat on pharma [FT] Donald Trump’s ‘tariff wall’ takes shape around south-east Asia’s factories [FT] Red Sea ship insurance prices jump as Houthis resume attacks [FT] Western Europe keeps setting new heat records as fastest-warming continent
Tuesday, July 8, 2025
[CNBC] S&P 500 rebounds from sell-off as investors bet Trumps tariffs will end up lower than threatened: Live updates [Yahoo/Bloomberg] Oil Dips as Traders Assess Trump Tariffs Risk, Red Sea Attacks [Yahoo/Reuters] Yen stumbles as Trump imposes 25% tariffs on Japan [Yahoo/Reuters] US small business sentiment ticks down in June [AP] Trump sets 25% tariffs on Japan and South Korea, and new import taxes on 12 other nations [Yahoo/Reuters] US ocean imports from China tumbled 28% in June on tariff hikes [Yahoo/Bloomberg] Trump Promises More Weapons for Ukraine and Criticizes Putin [Yahoo/Reuters] Australia's central bank keeps rates at 3.85%, stuns markets [Politico] Halted military aid for Ukraine may start flowing again [Yahoo/Bloomberg] EU Chief Demands China Address Trade Imbalance as Tensions Flare [BBC] Poisoned water and scarred hills: The price of the rare earth metals the world buys from China [Bloomberg] Treasuries Fall With Global Bonds as Japan Supply Jitters Return [Bloomberg] America’s Copy-and-Paste Tariffs Will Rile ‘Mr. Japan’ [Bloomberg] Why Extreme Rainfall Is Becoming More Frequent, and Deadlier [NYT] 7 Rounds of Talks and No Deal: Japan Girds for New Era of U.S. Relations [WSJ] Japan Determined to Strike Fair Trade Deal With U.S. [WSJ] U.S.’s Biggest Asian Allies Ready Last-Ditch Trade Appeal to Trump [WSJ] Tariff Uncertainty Likely to Weigh on Global Growth Even After Extended Talks [WSJ] Trump to Resume Sending Weapons to Ukraine [FT] China’s weaponisation of rare earths is a new kind of trade war [FT] US universities face $1bn revenue hit over foreign student fears [FT] US contractors cut off by Doge get a lifeline from private credit [FT] China criticises manufacturers over price war as deflation fears mount
Monday, July 7, 2025
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