Wednesday Evening Links

[Bloomberg] Dollar Suffers Worst Day in 7 Years as Traders Face Fed Reality

[Bloomberg] Bank Selloffs Replacing Oil Rout as Stock Market Pressure Point

[Bloomberg] Fed's Dudley Says Financial Conditions Tighter Since December

[CNBC] Kyle Bass: China banks months away from ‘danger territory’

[NYT, Eavis] Toxic Loans in China Weigh on Global Growth

[Reuters] With NFL Rams gone, St. Louis still stuck with stadium debt

[UK Guardian] Japan puts military on alert to shoot down North Korean rocket

[CNBC] Afghanistan is on the brink after US invests $100 billion

Wednesday's News Links

[Bloomberg] U.S. Stocks Erase Loss on Oil as Dollar Plunges Most in 7 Years

[Bloomberg] Service Industries in U.S. Expand at Slowest Pace Since 2014

[Bloomberg] U.S. Companies at Risk of Default Near Crisis Peak, Says Moody's

[Bloomberg] German Note Yield Drops Below Minus 0.5% as Rally Gathers Pace

[Bloomberg] China's Biggest Ponzi Scheme Shows Rot in Internet Financing

[Bloomberg] Yuan Gap Widens Again as Depreciation Bets Swamp PBOC Fightback

[Reuters] Fed's Dudley to MNSI: Tightening financial conditions a concern

[FT] Funds reverse bullish bets on banks

[Reuters] BOJ Kuroda says ready to use more policy options to boost inflation

[NYT] A Warning on Bankruptcy in Puerto Rico’s Debt Crisis

[Reuters] China imposing limits on HK insurance purchases - sources

[Bloomberg] Goldman Sachs Says It May Be Forced to Fundamentally Question How Capitalism Is Working

[Bloomberg Video: Jim Grant] What's Causing All the Market Turmoil?

[Bloomberg] Ukrainian Economy Minister Quits as Government Cracks Widen

[Reuters] Ukraine's Poroshenko sees increased risk of open war with Russia