Credit Bubble Bulletin

Presented by Doug Noland since 2012

Credit Bubble Daily
Thursday, February 13, 2025
[Yahoo/Bloomberg] Euro Erases Gains as Trump Signals New Tariffs: Markets Wrap [Yahoo/Bloomberg] US Bonds Rise After Hot Inflation Fuels Worst Day Since December [Yahoo/Bloomberg] Oil Falls Further as Trump Flags Russia Talks to End Ukraine War [Yahoo/Reuters] Trump says reciprocal tariffs are coming on Thursday: 'Today is the big one' [AP] Trump says he’ll sign sweeping reciprocal tariffs on US trading partners on Thursday [AP] U.S. wholesale prices up a hotter-than-expected 0.4% in December [AP] The number of Americans seeking jobless benefits falls as employers continue to hold on to workers [Yahoo/Bloomberg] Record Stock ‘Fragility’ Sends Warning to Broader Market [AP] Elon Musk calls for the US to ‘delete entire agencies’ from the federal government [Yahoo/Reuters] DeepSeek gives China's chipmakers leg up in race for cheaper AI [Yahoo/Bloomberg] Sidelined Europe Seeks Ukraine Role After Trump-Putin Call [Reuters] Israel seen as likely to attack Iran by midyear, Washington Post reports [Bloomberg] Trump Vows Reciprocal Tariffs Today Without Giving Details [Bloomberg] Authers: Eggs-istential Inflation Scrambles Bond Markets [Bloomberg] Baidu Takes Big Step to Catch Up by Making ‘Ernie’ AI Model Free [Bloomberg] Private Credit Power Players Weigh In on the Next Big Risk [Bloomberg] The Secretive Hedge Fund Rewriting the Rules of $4.5 Trillion Industry [Bloomberg] Bird Flu Is a Big Threat. The US Needs to Start Acting Like It. [Bloomberg] China’s Central Bank Alludes to Foreign Factors Impacting Policy [NYT] ‘Deregulation by Firings’: Breaking Down the Cuts to Financial Oversight [NYT] Taiwan Prepares for Trump’s Tariffs, and a Changed Washington [WSJ] Why Dealers Are Flying Gold Bars by Plane From London to New York [WSJ] Inflation Helped Trump Get Elected. Now It’s His Problem. [WSJ] As Buyers Fail to Show Up, More Homes Are Being Pulled From Sale [WSJ] Arab States Wake Up to Fact That Trump Means What He Says on Gaza [WSJ] Trump Writes a New Playbook for Quagmires in Gaza and Ukraine [FT] Europe left reeling by Trump over Ukraine peace talks with Russia [FT] US insurers face billions in losses from Los Angeles wildfires [FT] Trump opens the door to Putin’s grandest ambitions  
Thursday, February 13, 2025
[Yahoo/Bloomberg] Euro Erases Gains as Trump Signals New Tariffs: Markets Wrap [Yahoo/Bloomberg] US Bonds Rise After Hot Inflation Fuels Worst Day Since December [Yahoo/Bloomberg] Oil Falls Further as Trump Flags Russia Talks to End Ukraine War [Yahoo/Reuters] Trump says reciprocal tariffs are coming on Thursday: 'Today is the big one' [AP] Trump says he’ll sign sweeping reciprocal tariffs on US trading partners on Thursday [AP] U.S. wholesale prices up a hotter-than-expected 0.4% in December [AP] The number of Americans seeking jobless benefits falls as employers continue to hold on to workers [Yahoo/Bloomberg] Record Stock ‘Fragility’ Sends Warning to Broader Market [AP] Elon Musk calls for the US to ‘delete entire agencies’ from the federal government [Yahoo/Reuters] DeepSeek gives China's chipmakers leg up in race for cheaper AI [Yahoo/Bloomberg] Sidelined Europe Seeks Ukraine Role After Trump-Putin Call [Reuters] Israel seen as likely to attack Iran by midyear, Washington Post reports [Bloomberg] Trump Vows Reciprocal Tariffs Today Without Giving Details [Bloomberg] Authers: Eggs-istential Inflation Scrambles Bond Markets [Bloomberg] Baidu Takes Big Step to Catch Up by Making ‘Ernie’ AI Model Free [Bloomberg] Private Credit Power Players Weigh In on the Next Big Risk [Bloomberg] The Secretive Hedge Fund Rewriting the Rules of $4.5 Trillion Industry [Bloomberg] Bird Flu Is a Big Threat. The US Needs to Start Acting Like It. [Bloomberg] China’s Central Bank Alludes to Foreign Factors Impacting Policy [NYT] ‘Deregulation by Firings’: Breaking Down the Cuts to Financial Oversight [NYT] Taiwan Prepares for Trump’s Tariffs, and a Changed Washington [WSJ] Why Dealers Are Flying Gold Bars by Plane From London to New York [WSJ] Inflation Helped Trump Get Elected. Now It’s His Problem. [WSJ] As Buyers Fail to Show Up, More Homes Are Being Pulled From Sale [WSJ] Arab States Wake Up to Fact That Trump Means What He Says on Gaza [WSJ] Trump Writes a New Playbook for Quagmires in Gaza and Ukraine [FT] Europe left reeling by Trump over Ukraine peace talks with Russia [FT] US insurers face billions in losses from Los Angeles wildfires [FT] Trump opens the door to Putin’s grandest ambitions  
Wednesday, February 12, 2025
[Yahoo/Bloomberg] Stocks Slide and Bond Yields Spike on Strong CPI: Markets Wrap [CNBC] 10-year Treasury yield shoots above 4.6% after hot CPI report [Reuters] Oil prices fall on rising US crude stocks, hawkish Fed comments [CNBC] Consumer prices rise 0.5% in January, higher than expected [AP] US inflation worsened last month in latest sign of sticky price pressures [AP] Trump readies matching tariffs on trade partners, possibly setting up a major economic showdown [Reuters] Trump says lower interest rates would go hand-in-hand with tariffs [Reuters] Trump readies reciprocal tariffs as trade war fears mount [Reuters] Trump may dust off 1930 trade discrimination law to back reciprocal US tariffs [Reuters] Companies warn of more pain as Trump tariff threats escalate [Reuters] US Republicans find unity on taxes a heavy lift in Trump 'golden age' [Yahoo/Bloomberg] US Firms Are Tapping Europe’s Cheaper Bond Market Like It’s 2007 [Axios] Musk's double-edged sword on government shutdowns [Yahoo/Reuters] US sanctions strand Iran, Russia oil on tankers, driving up crude costs [Bloomberg] Traders See Just One 2025 Fed Rate Cut After Hot Inflation Data [Bloomberg] Trump’s Tariffs and Germany’s Troubles Collide in Hamburg [Bloomberg] America First Is Quickly Becoming America Alone [NYT] Who Pays for Tariffs [NYT] How Did DeepSeek Build Its A.I. With Less Money? [NYT] With High Prices Persisting, Trump Tempers Tone on Slaying Inflation [WSJ] What We Know About Trump’s Reciprocal Tariffs [WSJ] How Car Insurance Would Help Tariffs Cast a Long Inflation Shadow [WSJ] China’s Xi Is Building Economic Fortress Against U.S. Pressure [WSJ] Israel and Hamas Are Teetering Toward War [WSJ] Taiwan Worries About Its Future Under Trump 2.0 [FT] ‘Cost and chaos’: Donald Trump’s metal tariffs sweep across corporate America [FT] Russian defence spending exceeds all of Europe combined, study finds [FT] Saudi Arabia launches ferocious state media attack on Netanyahu
Tuesday, February 11, 2025
[Yahoo/Bloomberg] Stocks Drop as Trade Nerves Spur Caution: Markets Wrap [Reuters] Gold bulls lock in on glittering milestone; $3,000/oz in sight [Reuters] Trump says he will announce reciprocal tariffs over next two days [Yahoo/Bloomberg] EU Pledges Countermeasures Against Trump’s Tariffs on Metals [AP] Little to no relief from high borrowing costs expected as Fed Chair Powell heads to the Hill [Axios] Thune and Johnson vow to take DOGE spending cuts to the next level [Yahoo/Bloomberg] Trump Tariffs Spell Fresh Turmoil for Volatile Aluminum Market [Yahoo/Bloomberg] Altman Says ‘No Thank You’ to Musk-Led Group’s OpenAI Bid [Reuters] Trump says Hamas should free all hostages by midday Saturday or 'let hell break out' [Reuters] Russia plays hardball on Ukraine peace discussions after Trump talks of Putin contact [Bloomberg] US Small-Business Optimism Retreats From Highest Since 2018 [Yahoo/Bloomberg] Authers: Markets Hedge That This Time, Trump Means It [Bloomberg] Trump Wants More Military Money as DOGE Eyes Big Cuts Elsewhere [Bloomberg] Trump’s Eye-for-Eye Tariff Threat Puts India, Thailand at Risk [Bloomberg] Spooked Arab World Scrambles for Response to Trump’s Gaza Plan [Bloomberg] Multi-Manager Hedge Funds Pose Stability Risk, Says BOE’s Bailey [Bloomberg] Why Europe’s Gas Storage Has Become More of a Worry [Bloomberg] Why China Can’t Sort Out Its Property Market Mess [NYT] Is It Made of Metal? It Could Get More Expensive Under Trump’s Latest Tariffs. [NYT] Europe Vows to Respond to Trump’s Tariffs, but Holds Back on Details [WSJ] Volatility to Keep Feeding Demand for Gold [WSJ] Why This Week’s Inflation Report Is Especially Important [WSJ] Trump’s Conflicting Business Policies Sow Economic Uncertainty [WSJ] Travelers Sees $1.7 Billion Pretax Catastrophe Losses From California Wildfires [WSJ] China’s Xi Is Building an Economic Fortress Against U.S. Pressure [FT] Donald Trump warns ‘all’ Israeli hostages must be released by Saturday [FT] Jordan’s king to meet Donald Trump in push against Gaza takeover plan [FT] What if Donald Trump calls the courts’ bluff?  
Monday, February 10, 2025
  [Yahoo/Bloomberg] Dollar, Gold Rise After Trump’s Latest Trade Salvo: Markets Wrap [Yahoo/Bloomberg] Bond Market Gains Fade as Trump, Inflation Keep Yields High [Yahoo/Bloomberg] Oil Advances After Weekly Drop as Market Weighs Trump’s Tariffs [Reuters] Trump to announce 25% steel and aluminum tariffs in latest trade escalation [Axios] Trump touts 25% tariffs on steel and aluminum imports [Yahoo/Reuters] Brazil plans levies on US tech firms after Trump steel tariffs, report says [Reuters] Explainer: What are the EU's options in response to Trump tariffs? [AP] A timeline of US-China tit-for-tat tariffs since Trump’s first term [Axios] Trump's shock and awe tests Americans' response to chaos [Yahoo/Bloomberg] Brazil Inflation Estimates Near 6% Despite Aggressive Rate Hikes [Yahoo/Bloomberg] Bank of Mexico's governor says inflation fight enters new phase [Bloomberg] Europe Teeters Toward Energy Crisis as Gas Reaches Two-Year High [Bloomberg] Goldman Says Hedge Funds Turn Bullish on US Stocks, Buy Tech [WSJ] Gold Futures Hit Fresh High on Growing Market Anxiety Around Trump Policies [WSJ] China’s Strategy in Trade War: Threaten U.S. Tech Companies [WSJ] European Gas Price Hits Two-Year High Amid Fast Depleting Inventories [WSJ] A Sore Spot in L.A.’s Housing Crisis: Foreign-Owned Homes Sitting Empty [FT] What happened when Trump imposed steel tariffs in 2018 [FT] Why speculators are still running wild when money is no longer free [FT] Trump, Putin, Xi and the new age of empire
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