Links 30 May 2016

Leith van Onselen

Sunday 29 May 2016

Global Macro / Markets / Investing:

Emotions Are Part Of Trading – Accept It And Profit From It – Share Planner
Quantitative Easing and Financial Stability – SSRN
The Economic Lessons of Star Trek’s Money-Free Society – Wired
Fueling Oil’s Push to $50: Fear Is Back – WSJ
How Low Can VIX Go? – Forbes
The trade-off between efficiency and equity – VOX

Americas:

Judge bashed by Trump orders release of company records – Washington Post
200 years of immigration to the U.S., visualized – Washington Post
Immigrants and American Exceptionalism – War on the Rocks
Are the Clintons the Real Housing-Crash Villains? – Real Clear Markets
Lufthansa suspends flights to Venezuela amid the country’s ongoing economic crisis – Business Insider
Venezuela government, opposition meet with mediators in Dominican Republic – Reuters
Does Venezuela’s Crisis Prove Socialism Doesn’t Work? – Venezuela Analysis

Europe:

The late Victorian ‘workshop of the world’ – VOX
Refugees will repay EU spending twice over in 5 years – WEF
Labour’s economic answers – Stumbling and Mumbling
Brexit would be serious risk to global economic growth: G7 leaders – Reuters
Economists overwhelmingly reject Brexit in boost for Cameron – The Guardian
The Looting Stage Of Capitalism Begins: Germany’s Assault On The IMF – Zero Hedge
Protests grow as Greece moves refugees to derelict warehouses ‘not fit for animals’ – The Guardian
Italy’s broken banks show the dangers behind the euro – The Telegraph
Brexit is an empire-era trick. Only the radical case for Europe makes sense – The Guardian
The Game over Greece – nobody wins, everybody loses – Trading Floor
Iceland Puts Freeze on Foreign Investors – WSJ

Asia:

Japan’s Abe to delay sales tax hike until 2019: government source – Reuters
Council: Pakistani men can beat wives ’lightly’ – CNN
Chinese will do crazy things to smuggle money out of the country – Yahoo
The first world’s first solar-powered airport is in Cochin, India – CNN Money
Iceland Puts Freeze on Foreign Investors – NY Times
China’s angry investors leap the Great Firewall—and are shocked by what they learn of Beijing – Quartz
China’s angry investors leap the Great Firewall—and are shocked by what they learn of Beijing – Bloomberg

Local:

The key to making money in the markets: buy, hold … and wait – The Age
‘GPs are at breaking point’: new AMA president vows to fight Medicare freeze – The Guardian
Politicians’ perks: High Court will hear former MPs’ bid for bigger pensions – The SMH
Labor should stick with Bill Shorten even if he loses the election – The SMH
Bulk billing ends as survey reveals 14 million patients to pay a Dr fee – News.com.au
What happens when farmers want to sell but no Australians are interested in buying? – ABC News
The federal budget and the end of ABC Fact Check – The Saturday Paper
Scott Morrison’s black hole serves its campaign purpose – The Saturday Paper
Seven Economic Problems Bigger Than Budget ‘Black Holes’ – New Matilda
Labor surges in the polls as campaign focus turns to economic credentials – The SMH
The CSIRO job cuts that never should’ve happened: the real cost – techly.com.au
No jobs and growth joy for Coalition in latest investment figures – Greg Jericho
Australian banks sending US hedge funds broke – The SMH
China Daily signs deal with Fairfax Media, enters Australian market – China Daily
Apartments off-the-plan carry huge risks for buyers, half of apartments worth less than contract price – ABC News
Fact check: Have bulk billing rates increased under the Coalition? – ABC News
Super’s life insurance a ‘joke’ – Canberra Times

The numbers that debunk a company tax cut – Canberra Times

Shorten revs up attack on company tax cut – Canberra Times

Vow to tackle pensions blow-out – The Australian

Low ATAR student offers soar – The Australian

Other:

Tesla Gigafactory Grand Opening 2 Months Away – Clean Technica

About the author

Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness. Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.