Global Macro / Markets / Investing:
- Bond shortage deepens as US Treasury stops issuing debt – The Telegraph
- After 41 Years, Saudi Arabia’s Treasuries Holdings Are Unveiled – Bloomberg
- The Race Between Machine and Man: Implications of Technology for Growth, Factor Shares and Employment – NBER
- Warren Buffett’s Berkshire Hathaway Takes $1 Billion Position in Apple – WSJ
- Confronting the Parasite Economy – Prospect.org
- Goldman says the surplus in crude oil has come to a ‘sudden halt’ – Market Watch
- Oil Driller Hedges Soar To Five Year Highs – Zero Hedge
- Pimco Total Return Doubles Junk-Bond Limit to 20% of Holdings – Bloomberg
Americas:
- Rift Between Labor and Environmentalists Threatens Democratic Turnout Plan – NY Times
- Make America Great Again for the People It Was Great for Already – NY Times
- Krugman: The GOP Is Not America, Clinton Is Not Rubio – NY Times
- Trump’s Asymmetric Warfare – NY Times
- Billionaires lining up for Trump aren’t sure where to send their money – Washington Post
- The economic source of the current anger – Washington Post
- The Empty Cupboards of Venezuela’s Families – The Atlantic
- Brazil’s Temer wants proposal for pension reform within 30 days – Reuters
Europe:
- Pro-Brexit bosses include retirees and tax avoidance experts – The Guardian
- Brexit, immigration and £100 – Mainly Macro
- Ukrainian hacker pleads guilty to insider trading in US – BBC
- Ukraine’s Eurovision Win Rouses a Chorus of Anger and Suspicion in Russia – NY Times
- How Ireland pulled off an economic miracle that rivals China, India – Financial Post
- The ECB Is Finding There’s a New Zero-Lower Bound for Rates – Bloomberg
Asia:
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- Chinese investment in U.S. real estate tops $300 billion: study – Reuters
- Chinese city Wuhu embraces driverless vehicles – BBC
- China’s ICBC Buys 2,000-Ton London Gold Vault From Barclays – Bloomberg
- Money market funds in China become less systemically risky – Brookings
- Chinese Newspaper Breaks Silence on Cultural Revolution – NY Times
- The Rich Kids of North Korea! Secretive state has ’one-percenters’ – Mail Online
- China’s Cultural Revolution: 50th anniversary unmarked by state media – BBC
Trans-Tasman:
- Richard Di Natale slams US alliance, says Australia is joining ‘regional arms race’ – The Age
- ANZ announces 200 job cuts in response to sluggish economy – The SMH
- Australia a ‘hotbed’ for economic crime, as one-in-10 organisations report losses over $1m – ABC News
- Banks and regulators have created ‘the perfect storm’ for Chinese property buyers – News.com.au
- Why aren’t Gen Y satisfied? – The SMH
- Is Australia headed for a recession? And how credible is John Symond’s warning? – The Guardian
- Clumsy tax grab shows Turnbull out of touch – Daily Examiner
- Cutting through political spin requires a new approach to financial literacy – The Conversation
- Turnbull made ‘mistake’ not to campaign with candidates, Credlin says – ABC News
- Paying more for milk could save struggling dairy industry, farmer says – ABC News
- Dairy farmers sceptical over supermarket’s ‘fighting fund’ for producers – ABC News
- Fears new planning laws will cause Melbourne property prices to drop – ABC News
- ACT government signs final light rail contract – Canberra Times
- NAB shrugs off negative gearing – Canberra Times
- Super shouldn’t be politicised – The Age
- Australia Institute’s report on planned company tax cut is ‘completely false’: Mathias Cormann – ABC Radio
- Coalition’s company tax cuts claims ignore trade treaties and imputation – TAI
- New Zealand housing crisis forces hundreds to live in tents and garages – The Guardian
- First home buyer KiwiSaver withdrawals grow exponentially – Interest.co.nz
Other:
- World’s Biggest Cruise Ship Makes its Maiden Voyage – Travel and Leisure