MARKET NEWS / CREDIT BUBBLE DAILY

Thursday, August 6, 2020

MARKET NEWS / CREDIT BUBBLE DAILY
Thursday, August 6, 2020
Doug Noland Posted on August 5, 2020

[Reuters] Stocks slip as investors wait for U.S. stimulus

[Reuters] Gold scales record peak as gloomy economic outlook bolsters appeal

[Yahoo/Bloomberg] Turkey’s Lira Hits Record Low as Interventions Fail to Stem Drop

[CNBC] U.S. weekly jobless claims total 1.186 million, lowest level of the coronavirus pandemic

[Reuters] White House, congressional Democrats harden stances on coronavirus relief

[CNBC] White House threatens executive action if it fails to reach coronavirus relief deal with Democrats

[CNBC] Coronavirus updates: Fauci says politics won’t influence vaccine approval; AstraZeneca strikes production deal

[Reuters] Job cuts announced by U.S. companies jump 54% in July: report

[Reuters] U.S. steps up campaign to purge ‘untrusted’ Chinese apps

[Reuters] China threatens countermeasures as Taiwan prepares for U.S. visit

[Yahoo/Bloomberg] Gold Will Beat U.S. Stocks in Turbulent Market, Strategists Say

[Reuters] Factbox: Coronavirus in U.S. Congress: 15 members have tested or been presumed positive

[Yahoo/Bloomberg] Banks Empowered to Revamp India Loans With Bad Debt Surging

[Bloomberg] Trump Tests China’s Red Line on Taiwan Using Beijing’s Playbook

[Bloomberg] The Robinhood Craze Is Now Moving Stocks Everywhere

[WSJ] More Farmers Declare Bankruptcy Despite Record Levels of Federal Aid

[WSJ] Beirut Explosion Brings Lebanon to the Brink

[FT] Tett: Pandemic aid is exacerbating US inequality

[FT] Huge US bond issuance may compel Fed to alter purchase plans

[FT] Why banks’ declining reserves matter for the dollar

[FT] China crackdown on shadow banking sector prompts warning

[FT] Protesting Putin: Kremlin faces revolt in the regions

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