TOP NEWS: Week 05/02 – 05/08

Weekend 05/07 & 05/08

Albert Edwards: “Let Me Tell You How This All Ends” – Zerohedge
For Stan Druckenmiller This Is “The Endgame” – His Full ‘Apocalyptic’ Presentation – Zerohedge
Chinese Exports, Imports Slump, Miss Expectations As Debt-Fueled Growth Burst Is Over – Zerohedge
According To Deutsche Bank, The “Worst Kind Of Recession” May Have Already Started – Zerohedge
China’s Bad Debt Problem Is Much Deeper Than Just Real Estate – Zerohedge


Friday 05/06

Markets nervously await US jobs report – business live – guardian

Worst.Month.Ever… Hong Kong Retail Sales Collapse In March – Zerohedge
Americans Unleash Epic Debt-Fuelled Spending Spree As Credit Card Debt Jumps Most On Record – Zerohedge
Donald Trump’s Idea to Cut National Debt: Get Creditors to Accept Less – nyt

“The High Yield Bond Rally Won’t Last” BofAML’s 9 Reasons To Sell Any Strength In Junk – Zerohedge
Greeks strike as new tax, pension reforms loom – Reuters

Since 2014 The US Has Added 450,000 Waiters And Bartenders, And No Manufacturing Workers – Zerohedge
Payrolls Miss Huge: April Jobs Rose Only 160K, Below 200K Expected; Unemployment Rate At 5% – Zerohedge
Top ETF Says New Commodity Cycle to Buoy Emerging Markets – Bloomberg

CLSA Sees China Bad-Loan Epidemic With $1 Trillion of Losses – Bloomberg
Turkey Leadership Crisis: An Investors’ Guide to What’s at Stake – Bloomberg
Everyone Is Selling: Largest Outflow From Stock Funds Since September 2015 – Zerohedge
Gundlach Says Trump Would Use Debt Like Reagan for Growth – Bloomberg
Australian Dollar Drops to Nine-Week Low as More Rate Cuts Seen – Bloomberg
Brazil Cut by Fitch, Outlook Negative on Political Gridlock – Bloomberg
Something odd is happening in China, and it echoes major financial crises of the last 20 years – businessinsider
‘Zombie’ Money Stalks Zimbabwe – Bloomberg


Thursday 05/05

Business Live – guardian

Cash talk: Getting rid of big banknotes is not as easy as it sounds – ECONOMIST
Zimbabwe to print own version of US dollar – bbc

RBA cash rate heading to zero: leading analyst – smh
China Fertilizer Maker to Default on Bonds Amid Debt Woes – Bloomberg
Brexit Uncertainty Drags U.K. Economy to Near Stagnation – Bloomberg
Here’s how China managed to lose $500 billion in reserves in one year – businessinsider
South Africa Junk Rating a Matter of Time as Economy Falters – Bloomberg

Australia March trade deficit narrows – Marketwatch
Goldman Cuts Hong Kong Property Seeing 20% Drop in Home Prices – Bloomberg

Hong Kong PMI hits 8-month low – Marketwatch
China services index reflects slowing growth – Marketwatch


Wednesday 05/04

Markets nervous ahead of eurozone services reports – business live – guardian

Oil rally has legs – ETFSECURITIES
U.S. Output Tumbles as Shale Drillers Capitulate to OPEC: Chart – Bloomberg
Air Freight Volumes Across Largest Global Market Tumble 15% In First Quarter – Zerohedge
Druckenmiller Loads Up on Gold, Saying Bull Market Exhausted – Bloomberg
Replace Fed Funds Rate With New Benchmark, Bond Market Says – Bloomberg
Citi Asks: “Are Investors Beginning To Price In QE4?” – Zerohedge
Turkish PM under pressure as rift with Erdogan deepens – Reuters
The War On Paper Currency Officially Begins: ECB Ends Production Of €500 Bill – Zerohedge
ECB Decides to End Production of EU500 Banknotes From 2018 – Bloomberg
Tesla Jumps After Smaller Than Expected Loss; Warns Cash Burn Is About To Hit Ludicrous Speed – Zerohedge
Emerging Markets Face Downgrades as Debt Cliff Nears, S&P Warns – Bloomberg
China Unleashes SPR (Strategic Porcine Reserve) As Pork Price Surge Threatens Social Unrest – Zerohedge
SNB’s U.S. Equity Holdings Hit Record $54.5 Billion Last Quarter – Bloomberg

Core Durable Goods Orders Tumble For 14th Month To Lowest Since 2013 – Zerohedge
The Manufacturing Recession That Won’t Go Away: Factory Orders Rebound From 5 Year Lows, Decline For 17 Months – Zerohedge
The next housing crisis is pending – Marketwatch
Stand Aside JP Morgan, A New Player In The Silver Market Has Arrived – Zerohedge
Moody’s: Argentina still faces long-term challenges after successful return to bond market – moodys 
U.S. trade deficit shrinks as goods imports hit five-year low – Reuters

Zandi’s “Job Creation Machine” Stalls As ADP Employment Growth Worst In 3 Years – Zerohedge
Canada’s Monetary Policy Stuck Between a Rock and a Hard Place – pimco
US Worker Productivity Slumps At Worst Rate In 23 Years – Zerohedge
“Bankers Will Choose To Fly Instead Of Die” – Why Bill Gross Thinks Helicopter Money Is Imminent – Zerohedge
Stocks Slump, Dollar Jumps After China Sends Message To Fed – Zerohedge
India Is Suffering One of Its Worst Droughts in Decades – Bloomberg
They’re back! Barclays offers 0% down payment mortgages in UK – cnn
Oil edges up as Canadian wildfire reduces oil sands production – Reuters

Eurozone remains in low gear at start of second quarter – markit

GERMANY: Service sector activity growth slows slightly in April – markit

FRANCE: Business activity at French service providers returns to growth in April – markit
Mobius Says Buy Commodity Stocks as Rebound’s Just Beginning – Bloomberg

ITALY: Business activity growth remains subdued at start of second quarter – guardian
Shell’s First-Quarter Profit Fell 89% Amid Weak Energy Prices – nyt
Markit Spain Services PMI: New order growth slows to 17-month low – markit

Indonesia Growth Fails to Pick Up in Setback to Jokowi Reforms – Bloomberg
New Zealand Employment Growth Unexpectedly Accelerates – Bloomberg



Tuesday 05/03 

Business live – guardian

Ken Rogoff’s Shockingly Simple Advice To Emerging Markets: Hoard Gold – Zerohedge
China’s Stock Suspensions Seen as Obstacle to MSCI Inclusion – Bloomberg
ECB’s Angeloni on Atlante, GACS – ansa
Pimco Global Economic Advisor Suggests QE Should Buy Equities Next – Zerohedge
Japan finance minister ready to respond to stem yen’s rise – Reuters
Takata Airbag Recall Is Said to Grow by 35 Million – nyt
Spain set for 26 June election after king dissolves parliament – guardian
European Stocks Tumble After EU Slashes Growth, Inflation Guesses – Zerohedge
Populist Policies Let Brazil’s Tomorrow Slip Away – nyt
China’s Improbable Commodities Frenzy Leaves Stocks in the Dust – Bloomberg
Global stocks slide on global growth worries; U.S. yields fall – Reuters
Aussie Dollar Crashes Through Key Support After “Surprise” Rate Cut – Zerohedge
Brazil Seeks $44 Billion in Suit Over Spill at BHP-Vale Mine Dam – Bloomberg
“This Has Been The Longest Selling Streak In History” – ‘Smart Money’ Sells For Record 14 Consecutive Weeks – Zerohedge
The $571 Billion Debt Wall That Points to More Defaults in China – Bloomberg
China Manufacturing PMI Disappoints – In Contraction For 14th Straight Month – Zerohedge


Monday 05/02

Every Time This Has Happened, A Recession Followed – Zerohedge
The Energy Junk Bond Default Rate Just Hit An All Time High – Zerohedge
“No End In Sight To Current Downturn” – US Manufacturing Plunges To Sept 2009 Lows – Zerohedge
Gold Surges To Jan 2015 Highs, Tops $1300 As Euro Hits 9-Month High – Zerohedge
The Best And Worst Performing Assets In April – Zerohedge


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