TOP NEWS: Week 08/22 – 08/28

Weekend 08/27 & 08/28

Recession Odds Spike To 37%, JPM Calculates, Highest Yet For This Cycle – Zerohedge
German official says trans-Atlantic trade pact negotiations have failed – Marketwatch
Bill Gross: Yellen’s Economy “May Never Walk Normally Again, This Is Not Capitalism” – Zerohedge


Friday 08/26

All eyes on Yellen as Jackson Hole kicks off – business live – guardian

Stocks Plunge, VIX Spikes After “Hawk Cop” Fischer Spoils “Dove Cop” Yellen’s Party- Zerohedge
A Hawkish Yellen Emerges: “The Rate Hike Case Has Strengthened In Recent Months” – Zerohedge
US Trade Deficit Shrinks On Biggest Spike In Food & Beverage Exports In History – Zerohedge
Q2 GDP Revised Lower To 1.1%, As Expected, Even As Personal Consumption Rises – Zerohedge
Puerto Rico’s Pensions: $2 Billion in Assets, $45 Billion in Liabilities – wsj

Inventory Growth Slowdown Dashes Hopes For Q3 GDP Bounce Back – Zerohedge
India 10-Year Bonds Set for Biggest Weekly Loss in Three Months – Bloomberg

World’s Biggest Pension Fund Loses $52 Billion as Stocks Slump – Bloomberg
Japan’s CPI Falls for 5th Month, Raising Pressure on Kuroda – Bloomberg
Gold Believers From Soros to UBS Lose Faith in Miners’ Gain – Bloomberg


Thursday 08/25

Central bankers gather in Jackson Hole – business live – guardian

Buy Volatility Ahead of a Jam-Packed ‘Policy Month,’ Says BofAML – Bloomberg
Capital Goods Shipments Collapse Most Since 2009 As Durable Goods Orders Bounce In July (Thanks To Revisions) – Zerohedge
Spaniards Raise Toast to Recovery by Heading Back Out to Bars – Bloomberg

Portugal minister on bank recap plan: ‘This is another big step for our financial system’ – cnbc
There’s a simple reason the percentage of people owning a home is at a historic low – businessinsider
German Companies Get Delayed Brexit Shock as Confidence Plunges – Bloomberg
Is Portugal The Next “Shoe To Drop” In Europe? – Zerohedge

Spanish Economy Beats Growth Forecast Despite Political Deadlock – Bloomberg


Wednesday 08/24

Someone Just Puked $1.5 Billion Of Notional Gold, And The Selling Continues – Zerohedge
RBS Tells 3,000 Clients to Speed Up Search for Another Bank – Bloomberg
EU, Portugal agree on 5 billion euro recapitalization for ailing bank CGD – Reuters
Saudi Arabia is facing a ‘squeeze’ – businessinsider
A Gold Standard “Comes After War, Not Before” Macquarie Warns “The Private Sector Will Never
Recover” – Zerohedge

Norway Insurer Eyes Industry’s First Sale of Riskiest Bonds – Bloomberg
Existing Home Sales Crush Recovery Narrative, Plunge Most Since Nov 2015 – Zerohedge
Hedge Funds See Biggest Redemptions Since ’09 as Returns Lag – Bloomberg
Kuroda Money-Go-Round Undercuts Japan’s Negative-Rate Windfall – Bloomberg
Scottish deficit grows to nearly £15bn as oil revenues collapse – guardian
Mobius Says Helicopter Money Will Be Japan’s Next Big Experiment – Bloomberg
Why China’s Shadow Finance Echoes Pre-Crisis U.S. – Bloomberg


Tuesday 08/23

US new home sales rise at fastest pace since 2007 – bbc
“In Preparation For Crisis” Germany Considers Bringing Back Military Service – Zerohedge
China caught in ‘dead money’ trap as central bank pleads for fiscal stimulus – telegraph
At BlackRock Even a 40% Gain Can’t Save ETFs From the Scrap Heap – Bloomberg
Investors Panic-Buy Saudi Default Protection Ahead Of Big Debt Deal – Zerohedge
Madness In Mario-World: European Companies Issue Debt Simply Because The ECB Will Buy That Debt – Zerohedge
Turkey cuts rates for sixth straight month amid ratings worries – Reuters
Richmond Fed Manufacturing Survey Collapses By Most On Record – Zerohedge
US Manufacturing Flashes “Warning Light” As New Orders, Employment Tumble – Zerohedge
Eurozone Flash PMI edges up to 7- month high – markit
German output growth slows as service providers report weakest expansion for 15 months – markit
CLSA: “The Bank Of Japan Has Nationalized The Japanese Stock Market” – Zerohedge
Fed Admits Another $4 Trillion In QE Will Be Needed To Offset An “Economic Shock” – Zerohedge
Japan: Manufacturing output expands for first time since February – markit


Monday 08/22

Business live – gurdian
Live: European stocks climb on hopes of a hint from Jackson Hole – cnbc

Top 25 Corporate Pension Plans Alone Are Underfunded By Over $225 Billion – Zerohedge
USD: Durable Goods Just As Important As Yellen’s Speech – Credit Agricole – EFXNEWS

Pfizer Trumps Sanofi With Medivation Deal for $14 Billion – Bloomberg

The World’s Biggest Bond Traders Are on a Negative Yield Binge – Bloomberg
HSBC: The government is about to spend big — but it could lead to an ‘unsustainable debt spiral’ – businessinsider

European Investment Banks’ Opaque Assets Fuel Capital Concerns – Bloomberg
Emerging economies hope to get economic boost from G20 summit – CHINADAILY
Citi Sees Yen at 95 Per Dollar as Intervention Fears Recede – Bloomberg
Europe Plans for Life After Brexit as Merkel Meets Allies at Sea – Bloomberg
Oil is taking a hit after Morgan Stanley poured cold water on the price recovery – businessinsider
STIGLITZ: Italy could be the ‘cataclysmic event’ that leads to the fall of the eurozone – businessinsider
These Are the Key Challenges for India’s New Central Bank Governor – Bloomberg
Dollar Starts the Week Bid – bk
Pfizer said close to $14B deal for Medivation – Marketwatch
How This Hedge Fund Robot Outsmarted Its Human Master – Bloomberg
RBA loses credibility as housing boom continues – afr
Germany to tell people to stockpile food and water in case of attacks: FAS – Reuters

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