Credit Bubble Bulletin

Presented by Doug Noland since 2012

Credit Bubble Daily
Friday, September 22, 2023
[Yahoo/Bloomberg] Futures Signal Some Respite After Bruising Week: Markets Wrap [Reuters] Yen falls after BOJ stands pat on easy policy; dollar elevated [Yahoo/Bloomberg] Oil Rises Toward $94 as Tightening Market Vies With Hawkish Fed [Yahoo/Bloomberg] Another Yield High as US 10-Year Jumps Above Key 4.5% Level in Post-Fed Bond Rout [Yahoo/Bloomberg] House Republicans Are Charging Toward a Government Shutdown [Yahoo/Bloomberg] BofA Says Rate Worries Spark Biggest Stock Outflows This Year [Reuters] Fed is cutting staff after more than a decade of payroll growth [Yahoo/Bloomberg] BOJ’s Ueda Tamps Down Speculation of Rate Hike, Pressuring Yen [Reuters] BOJ keeps ultra-loose policy, dovish guidance on outlook [Reuters] Japan's Aug inflation stays above BOJ target for 17th month [Yahoo/Bloomberg] China’s Yuan Defense Runs the Risk of Hurting Global Bond Demand [Reuters] A year after budget crisis, UK debt faces fresh pensions headwind [Yahoo/Bloomberg] Weak Euro-Area PMI Data Suggest Economy Facing Contraction [Reuters] China, India lead Asia's biggest hydropower crunch in decades [Bloomberg] Yen Bears May Come Roaring Back After BOJ Stands Pat: Watchers [Bloomberg] Two of China’s Strongest Developers Face Ratings Cuts by Moody’s [NYT] Real Estate Crisis Triggers New Alarms Over China’s Shadow Banks [WSJ] Japan Waits on Interest-Rate Increases, Although Inflation Runs Above Target [WSJ] Central Banks Near Rate Peak, but Economic Toll Yet to Be Counted [FT] How Xi Jinping is taking control of China’s stock market [FT] El-Erian: The plight of the ‘permacrisis’ and what to do about it  
Thursday, September 21, 2023
[Yahoo/Bloomberg] Stocks Drop on Hawkish Fed; Pound Falls: Markets Wrap [Yahoo/Bloomberg] China Stocks Set for 10-Month Low as Economic Pessimism Persists [Reuters] Oil falls as rate hike expectations offset US stock draw [Yahoo/Bloomberg] Traders on Intervention Watch as Yen Hovers Below 150 to Dollar [Yahoo/Bloomberg] Bond Traders See Yields Marching Higher After September Fed Meeting [AP] US applications for jobless benefits fall to lowest level in nearly 8 months [Reuters] US employers to see biggest healthcare cost jump in a decade in 2024 [Yahoo/Bloomberg] BOE Keeps Rates Unchanged for First Time in Almost Two Years [Yahoo/Bloomberg] SNB Holds and Nordics Hike With Higher for Longer Now in Sight [Yahoo/Bloomberg] BOJ Meets With Yen and Ueda’s View on Rates in Focus: Day Guide [Yahoo/Bloomberg] ECB’s Nagel Says Too Soon to Declare Rates Reached Plateau [CNBC] Turkey’s central bank hikes interest rate to 30% [Reuters] Exclusive: China scrutinises quant strategies as market weakness stokes public anger - sources [Reuters] Russia strikes Ukrainian energy facilities in biggest attack in weeks [Reuters] India suspends visa services for Canadians as stand-off escalates [Reuters] Canada's allies in a bind as tensions rise with India over Sikh leader's murder [Reuters] U.S. revives Cold War submarine spy program to counter China [Reuters] South Korea's Yoon tells UN that Russia helping North Korea would be 'direct provocation' [Reuters] Syria's Assad in China, seeks exit from diplomatic isolation [Bloomberg] Traders on Intervention Watch as Yen Hovers Below 150 to Dollar [Bloomberg] More US Colleges Are at Risk of Closing or Merging, Fitch Says [NYT] Fed Aims for Soft Landing With a Rate Pause and a Pledge to Move ‘Carefully’ [WSJ] Higher Interest Rates Not Just for Longer, but Maybe Forever [WSJ] How U.S. Households Got Turned Upside Down by Higher Interest Rates [WSJ] U.S. Sends Drone Ships to Western Pacific in First Deployment Near China [WSJ] China’s Fighter Jets Aren’t Just Flying Around Taiwan. They’re Practicing. [FT] Federal Reserve hardens commitment to ‘higher for longer’ interest rates [FT] Bundesbank warns eurozone must avoid entrenched inflation ‘at all costs’ [FT] Foreign investors still shunning China despite signs of upturn  
Wednesday, September 20, 2023
[Yahoo/Bloomberg] Stocks Edge Higher Before Fed; Pound Falls: Markets Wrap [CNBC] 10-year Treasury yield retreats from high last seen in 2007 as Fed policy decision looms [Reuters] Oil falls ahead of Fed rate decision [AP] What will Federal Reserve do next? Any hint of future rate hikes will be key focus of latest meeting [Reuters] Fed projections to show if 'soft landing' is new baseline ... or baseless [Yahoo Finance] Fed expected to stand pat, signal another rate hike [Dow Jones] Eyes Are on Fed's Dot Plot; Inflation Risk Rises as Oil Prices Surge [Reuters] UAW strikes at automakers highlight skyrocketing US CEO pay [CNBC] Weekly mortgage demand increases, driven by a strange surge in refinancing [AP] Homeowners face rising insurance rates as climate change makes wildfires, storms more common [Yahoo Finance] Wall Street's biggest fear gauge has been quiet. That's likely about to change [Reuters] UK inflation fall throws BoE a curveball before rates decision [Reuters] China keeps benchmark rates unchanged as economy finds footing [Reuters] China pledges to accelerate introduction of more economic policies [Reuters] China's property crisis weighs on developing Asia's 2023 growth outlook - ADB [Yahoo/Bloomberg] BOJ Speculation Moves to Negative Rate Policy From Yield Cap [Reuters] Japan's top currency diplomat says Tokyo in close contact with US on FX moves [Reuters] China urges deeper trade ties with Russia despite Western rebuke [AP] Kremlin says Russia and China must edge closer to counter Western efforts to contain them [Reuters] China exported no germanium, gallium in Aug after export curbs [Bloomberg] US Home Insurance ‘Bubble’ Closer to Popping as Climate Risks Mount [NYT] What to Watch at the Fed’s September Meeting [WSJ] Fed Debates When to Stop Raising Rates. What to Watch at Wednesday’s Meeting [WSJ] America’s Biggest Landlords Can’t Find Houses to Buy Either [WSJ] Thought the U.S. Office Market Was Bad? Try China [FT] US Federal Reserve set to hold rates at 22-year high [FT] Is China exporting deflation to the rest of the world?  
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Thursday, January 19, 2023 – 4:00pm Eastern / 2:00pm Mountain

David McAlvany
Doug Noland
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