Credit Bubble Bulletin

Presented by Doug Noland since 2012

Credit Bubble Daily
Friday, April 18, 2025
[Yahoo/Bloomberg] Asian Stocks Edge Higher in Thin Holiday Trading: Markets Wrap [AP] Strange sell-off in the dollar raises the specter of investors losing trust in the US under Trump [AP] Trump’s attacks on Powell threaten the Fed’s independence. Here’s why it matters [Reuters] Trump amps up feud with Fed over rates, accuses Powell of 'playing politics' [AP] Trump suggests he can remove Fed Chair Powell and says he’s ‘not happy’ with him over interest rates [Yahoo/Bloomberg] Trump Moves to Levy Chinese Vessels in Widening Trade War [Axios] Trump's United States of Emergency [Yahoo/Reuters] Fed's Powell is an exemplary central banker, ECB's Villeroy says [Reuters] BOJ will keep raising rates if inflation on track, Governor Ueda says [Reuters] Japan's core inflation accelerates, complicating BOJ's rate path [Yahoo/Reuters] China's fiscal revenue falls 1.1% in January-March [AP] Rubio says the US will drop Ukraine-Russia peace efforts if no progress within days [Axios] Putin tests Trump's patience by slow-walking ceasefire talks [Bloomberg] Who Will Blink First in the US-China Trade War? [Bloomberg] Rubio Says US to Move on If War in Ukraine Can’t Be Ended [Bloomberg] Trump Officials Weigh Earth Day Move Against Green Groups [NYT] With Harvard Threat, Trump Tries to Bend the I.R.S. to His Will [WSJ] Trump Has for Months Privately Discussed Firing Fed Chair Powell [WSJ] Why World Leaders Are Pulling Their Punches in the Trade War [WSJ] ‘Hands Off Our Universities’ Protesters Rally Against Threats From Trump Administration [WSJ] U.S. Will Pause Ukraine Peace Efforts if No Progress, Rubio Warns [FT] China stops buying liquefied gas from the US [FT] Trump administration set to impose steep fees on Chinese ships docked in US ports [FT] Tech industry fears Donald Trump’s trade war will hamper US AI ‘dominance’ [FT] Tett: Tariffs ignore the reality of global tech supply chains [FT] Donald Trump’s tariffs unravel US supply chains at China’s export showcase [FT] US rare earth champion faces trade war test after tariffs halt China sales [FT] Trump administration set to impose steep fees on Chinese ships [FT] Few US CEOs bought the dip as tariffs rattled markets  
Thursday, April 17, 2025
[CNBC] Stock futures rise after major averages tumble in tech sector sell-off: Live updates [CNBC] Treasury yields rise as Fed chief warns of effect of U.S. tariffs [Yahoo/Bloomberg] Gold Pauses Record-Breaking Rally as Market Ponders Trade Talks [CNBC] Trump again calls for Fed to cut rates, says Powell’s ‘termination cannot come fast enough’ [Yahoo/Bloomberg] Trump Says Fed Chair Powell’s Termination Can’t Come Fast Enough [CNBC] China targets U.S. services and other areas after decrying ‘meaningless’ tariff hikes on goods [Yahoo/Reuters] China says it will ignore US 'tariff numbers game' [Reuters] Iranian minister in Moscow aims to shore up support ahead of U.S. talks [Politico] US Mideast allies face ‘worst-case scenario’ with Trump aid cuts and tariff whiplash [Bloomberg] Economic Uncertainty Has Never Felt This Uncertain [Bloomberg] Xi Urges ‘Asian Family’ Unity as Trump Seeks to Confine China [Bloomberg] China Stocks Face Risk of $800 Billion US Outflows, Goldman Says [NYT] Can China Fight Deflation and Trump’s Tariffs at the Same Time? [WSJ] Trump Lashes Out at Powell, Says ‘Termination Cannot Come Fast Enough’ [WSJ] Today’s Hot Banking Business Is Lending to Lenders [WSJ] Anxious Trading Partners Promise to Buy American to Stave Off Trump’s Tariffs [WSJ] U.S. Tries to Crush China’s AI Ambitions With Chips Crackdown [WSJ] U.S. Tariff Policy Poses Major Risk to Japan’s Economy, BOJ Member Says [FT] Donald Trump says Fed chair Jay Powell’s ‘termination cannot come fast enough’ [FT] Is the world losing faith in the almighty US dollar? [FT] Donald Trump’s tariff threats boost demand for currency hedging [FT] The Chinese Dream is to Xi what Maga is to Trump
Wednesday, April 16, 2025
[CNBC] S&P 500 futures slide as a drop in Nvidia shares drags down tech: Live updates [Yahoo/Bloomberg] Gold Breaks $3,300 as Expanding Trade War Bolsters Haven Demand [Reuters] Global chip stocks slide as Nvidia warns of big hit from US export curbs [Yahoo/Bloomberg] Oil Steadies With Glut Expectations, Trade War Souring Outlook [CNBC] Retail sales increased 1.4% in March, greater than expected [CNBC] Homebuyers rush to riskier loans, as tariff turmoil pushes interest rates higher [Yahoo/Reuters] Fed Chair Powell to deliver fresh economic view as tariffs inject uncertainty [AP] Trump says he’s joining Bessent and Lutnick for trade negotiations with Japanese at the White House [Yahoo/Bloomberg] China Open to Talks If US Shows Respect, Names Point Person [CNBC] China replaces top trade negotiating official as talks with Washington stall [Yahoo/Reuters] US 30-year mortgage rate jumped last week to 2-month high [Axios] The Midwest's data center boom is heating up [Yahoo/Bloomberg] California’s Newsom Says State to Sue Over Trump’s Tariffs [Politico] The untold story of how Trump shocked Europe in a few short days [Bloomberg] The Financial Crisis of 2025? Better to Be Ready [Bloomberg] Trump Presses China to Make Tariff Offer to Calm Trade War [Bloomberg] Top Forecasters Warn Housing Market's Days of Big Gains Are Over For Now [Bloomberg] China’s Home Price Slump Eased in March Before US Tariffs [NYT] Even Without Add-Ons, Trump’s 10% Tariffs Will Have a Sting [NYT] China Girds for Economic Stress of Trump’s Tariffs [NYT] Both Admired and Resented by Trump, Japan Scrambles to Stay Close [WSJ] What the Weak Dollar Means for the Global Economy [WSJ] ASML Warns on Tariff Uncertainty, Logs Weak Orders [WSJ] How Harvard Ended Up Leading the University Fight Against Trump [FT] Japan set for ‘guinea pig’ trade talks with US after Donald Trump’s tariffs [FT] Donald Trump threatens to hit critical minerals with tariffs [FT] Trade war fears put loan vehicles under pressure to sell riskiest debt [FT] AI hype is drowning in slopaganda [FT] China defies Donald Trump’s tariffs with strong first-quarter growth [FT] Trump could derail the conquering march of American finance
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David McAlvany
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